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":"3fe9549ba1b6a4ffaeca53f1ba192a8b","s":"b3faaf57eff62382"}
Share your thoughts. Click here