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":"558092e2cbe87f1b4ee4cee9ca016a8b","s":"9dfd12713d1fce77"}
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