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":"b56d6580e69c7da77ce6c18ad800ac83","s":"8f766f1a0056d8bc"}