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":"073f4b4ef9812a928c84ec99e9d21bb3","s":"d623b9f10fc7246e"}
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