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":"1f198a6cd0f3fc62b28fdcb8eed684a8","s":"7b46b1e45d61a9d8"}
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