China
October 7, 2024
Beijing skyline at sunset
By Luxury Roundtable Intelligence
Despite low consumer confidence, pockets of growth in China’s vast consumer market remain.
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","iv":"1af14d2d575d060fedda60e728c43c33","s":"bbe596b06b03982d"}
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