Retail
March 11, 2021
China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Image courtesy of Versace
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","iv":"c70be5232a4505153afd1ffafea2263c","s":"edaa7b0a03b511df"}
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