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
Where luxury stands in China’s consumption-based economy
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"e08f52f998b1060c855949ce941261a8","s":"9295b3065cfc6e05"}