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":"88b20973366641c6e244d9fb16d6a3b4","s":"f981b99ce3e5e880"}
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