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":"8b5aa83c9b2e9b49a21cbce562f0e322","s":"b8dad0a3f8d32e4c"}
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