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":"6961c8b99acefc5697f28a45e5963ce8","s":"8e543c77d1b4aad0"}