Retail
January 19, 2021
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
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","iv":"55eafa898a60c3b9c8412832f5c81eb8","s":"10e472f8b900371f"}
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