Retail
October 26, 2021
The middle class in China is expected to double by 2040, adding a significant amount of luxury customers to the market. Image credit: Louis Vuitton
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","iv":"d79df2fa0f1036c5a24f702d408233b4","s":"066fdda69eac126a"}
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