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 Bya Luxury Daily columnistOn 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":"f49a371e82864e9d111bc860d1d7b8ea","s":"3baa4b0f6d08c3b8"}