Retail
September 10, 2021
Rising incomes, dynamic lifestyle aspirations, and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Image courtesy of Apple
By Glyn Atwal
China’s luxury market continues to deliver positive returns and outperform market analyst expectations.
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