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":"843338c9970c2d14fae590b8f04fa265","s":"5c15c9aeb85590cf"}