Research
August 13, 2020
Luxury brands should tap the potential of consumers living in China's lower-tier cities. Image credit: Agility Research & Strategy
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","iv":"a451c6a35aa10d1fdb4e11e09e0f470f","s":"65189c48f16dca6b"}
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