Footwear
July 10, 2020
China’s primary and secondary sneaker markets experienced turbulence during the COVID-19 pandemic, but is China's “sneaker bubble” finally about to burst? Image credit: Jordan Brand
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","iv":"87993cbb9e4e850591ffcad931ffccb4","s":"d516785d45ad54ed"}
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