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":"180eebbb3dd264641ca0771caddde0f1","s":"6126a09782197c9b"}