Retail
January 19, 2021
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
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","iv":"fc13ee8f3e183b69fdcb04e6d53802c1","s":"951d54537be9aba0"}
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