Marketing
August 31, 2021
Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
{"ct":"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","iv":"412fa57f32641e1f2ba2a2a76560df87","s":"27d343a91f117589"}
Share your thoughts. Click here