Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
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","iv":"2644e0fc576e3d9bfa0db17aef1d6c09","s":"8be5d0f9df66117a"}
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