Retail
March 11, 2022
China is expected to become the world’s largest luxury market by 2025. But these five predicaments could block its path. Image credit: Shutterstock
{"ct":"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","iv":"a2df9414a20991420ab2eb013a5361fb","s":"7213055d22b951b6"}
Share your thoughts. Click here