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":"057a02296f6881cbff697355e78ae74c","s":"d1822d149b02a70f"}