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":"ab5fa3dcca6ae7599db9753b9dfdef51","s":"530be660099830a3"}
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