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":"7452515d04114834c38dfbffff9a142c","s":"6d22bf6a0eb46252"}