Retail
March 29, 2021
A confidence crisis in the Chinese leadership or a new policy such as China’s anti-corruption policy from 2012 could stem the tide of luxury spending. Image credit: Shutterstock
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","iv":"e9ea4e13757a869d9f48b111ab09b66d","s":"8488c94d88067751"}
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