Since China’s population and its projected economic growth will outpace the United States and Europe’s, its increase in global luxury consumption seems inevitable. Image credit: Balenciaga, Haitong Zheng Why China will become the driving force of luxury
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing,Retail | No Comments
Since China’s population and its projected economic growth will outpace the United States and Europe’s, its increase in global luxury consumption seems inevitable. Image credit: Balenciaga, Haitong Zheng 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","iv":"5eec3bcb74b3a5ae1aa0ed27a83b48e3","s":"b3c016a121f065ad"}