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 Bya Luxury Daily columnistOn 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":"a2a591a0b566b5034836008e2894c0e1","s":"63a31fe942a38235"}