![China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/01/jing-daily-011921.jpg)
Is China’s debt crisis a ticking time bomb for luxury?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors,Retail | No Comments![China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/01/jing-daily-011921.jpg)
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","iv":"88dce7e86e161eb4140e52f1ef78c6a8","s":"94ec92d529e6afa7"}