Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
Why the Chinese decade of luxury is just starting
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing | No 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","iv":"80453e3da57c2715541dc819e1893b09","s":"1cbec2a667424e84"}