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":"d65742f478fe2f9553323f0e01ae07f0","s":"30b773dc752eab10"}