Retail
September 10, 2021
Rising incomes, dynamic lifestyle aspirations, and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Image courtesy of Apple
By Glyn Atwal
China’s luxury market continues to deliver positive returns and outperform market analyst expectations.
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","iv":"7ff39a40a569e34b4b960c9c9013dbe2","s":"fdac81da031bf0a3"}
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