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":"9ff4eb4b3f368c744183f7a9fece73bd","s":"9a13cd20b60860aa"}