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 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","iv":"e262e6df609c24d0b6951bc1210387ef","s":"b6db209241868b26"}