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":"412e8e71769fb2775c5b0ab76da7acc9","s":"e80905af08dc4e1c"}