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":"e785d679f6bb0e14fe019827890cb05c","s":"f57fd8e319c729ea"}
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