![Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/08/jing-daily-083121.jpeg)
Why the Chinese decade of luxury is just starting
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing | No Comments![Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/08/jing-daily-083121.jpeg)
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","iv":"cbaf90a1fa9bc109daec3bfb7abe03b3","s":"79276ba7b4c40a79"}