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 Comments
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":"11a2d13b4134f0fc05fbed783ab1750a","s":"0752d11527f993e7"}