Retail
September 10, 2021
Rising incomes, dynamic lifestyle aspirations, and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Image courtesy of Apple
By Glyn Atwal
China’s luxury market continues to deliver positive returns and outperform market analyst expectations.
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