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":"200cf1168e5bece49646da4c28eff42e","s":"e4b48324bde40c18"}
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