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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","iv":"ebad3f724635a80c66cf999dbfaf7b44","s":"5538d1a7ec45b67f"}
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