China
November 2, 2023
The ability of luxury groups to retain existing Chinese customers to sustain long-term momentum will become the most significant challenge. Image: Unsplash
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","iv":"007ca656e9df0853fbc31fd8f55b387d","s":"12962c43fbf41a98"}
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