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":"bef869a0de368cb3669a3d4130eaa2fd","s":"092d14c54fddd68f"}
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