Retail
October 2, 2020
As the yuan propels China toward a Golden Age, what a rising yuan will mean for Western luxury brands and consumers in China? Image credit: Shutterstock
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","iv":"5191fabea7727aaa881dd7caeed26ecd","s":"79fb0b451ba79dec"}
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