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":"c4b776edfda2bd4c1c82bf2eca987d59","s":"96b2bf77a595d809"}