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
Where luxury stands in China’s consumption-based economy
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"67b948902a635dc4337869ff19a93677","s":"82f75154c662c3e5"}