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":"980474f903287d908eb14feb96c79d6c","s":"ab69fe6ae6283ad3"}
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