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":"1cc76f911e88fc4d3236fd042d497cbb","s":"d115be84af36ca48"}
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