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":"dbbb5fb9736d1748b9453a1aafa77d29","s":"71700664922a6135"}
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