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":"705845436294c1bc2d32d055d9a1d028","s":"06fc6a5c2eff1d81"}