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":"7956bb4d4115410e815667dee02b25b9","s":"7a1d2cb29f72ff0e"}