Marketing
August 31, 2021
Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
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","iv":"f4aa30625c7110c1b4bbd71e002900f8","s":"a9199bb1fb95d088"}
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