Retail
March 29, 2021
A confidence crisis in the Chinese leadership or a new policy such as China’s anti-corruption policy from 2012 could stem the tide of luxury spending. Image credit: Shutterstock
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","iv":"c7be6b1570b48fec858f92c4c820d607","s":"db983ef5cbcf83aa"}
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