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":"4dd685a6f4a3e9b7f158644c0eaed4af","s":"6b98260d0a827f17"}