![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](https://cache.luxurydaily.com/wp-content/uploads/2021/03/jing-daily-031121.jpg)
Where luxury stands in China’s consumption-based economy
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments![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](https://cache.luxurydaily.com/wp-content/uploads/2021/03/jing-daily-031121.jpg)
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","iv":"e1a0f1a9b4ac79bb426d04b06b52e87d","s":"986601427a84538c"}