Retail
October 26, 2021
The middle class in China is expected to double by 2040, adding a significant amount of luxury customers to the market. Image credit: Louis Vuitton
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","iv":"d5c4850786ff12480684d7d2768e76df","s":"3485868e78a75661"}
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