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 Comments
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":"b687d61e9bb0135fcd82b5c21637d9fe","s":"5fed471b0d19af2d"}