Retail
March 11, 2022
China is expected to become the world’s largest luxury market by 2025. But these five predicaments could block its path. Image credit: Shutterstock
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","iv":"b5fb15ec4f8ba9142616012df8171a7b","s":"b238f45927fc93cc"}
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