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":"203264cd00fb72b1678fc5d50656c625","s":"e7993c1539636ccc"}
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