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":"ee09008ebb08a70d69ecfc832f4b9f52","s":"6e5bc2d8b019608e"}
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