Marketing
August 31, 2021
Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
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","iv":"56d8c47b0bd396300b419dfdda230624","s":"8c0830083bac31d7"}
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