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":"49675e78a92fb78d858baee766f60e45","s":"7aa545977223c450"}