Retail
March 11, 2021
China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Image courtesy of Versace
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","iv":"19af445903822cb97a8faaeaf5ae2023","s":"3a79d68c1785c712"}
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