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":"99f4d90f1ab0071161a0947d4fe6904a","s":"413372358c29895f"}
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