It is expected that U.S. President Biden will select a more measured style when dealing with China. How will this new approach affect luxury brands? Image credit: Shutterstock, The New York Times. Composite: Haitong Zheng
Will a reboot in China-US relations help luxury?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"5b5d32c493c532225a34e69a1031f611","s":"5c401b0d54263e11"}