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":"49fe8d35962bd974624d3f9722986130","s":"ff5760794a209ff9"}
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