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":"1f20dbcd06689224f729a51e9e45e49e","s":"89b89d7e2663e8c3"}
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