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":"ad82b1a492a0ec76ece335e9f0d757d6","s":"a2770049ded2e400"}
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