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
{"ct":"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","iv":"0916780e8a20071848848a80bbf8c388","s":"b78df346bb09764e"}
Share your thoughts. Click here