Retail
August 21, 2017
China will soon have more millionaires than any other country on earth. Image credit: McKinsey
By Danny Parisi
China is rapidly becoming one of the most important luxury markets in the world, with more than $7.4 billion in luxury goods being bought in the country per year, according to a new report from McKinsey.
{"ct":"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","iv":"1513236310ee54eacbafb925734a04a9","s":"79a94dffb7385754"}
Share your thoughts. Click here