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
{"ct":"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","iv":"ba0d243a4fb73266539c631a5aa4c636","s":"f019efae33f6ee71"}
Share your thoughts. Click here