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":"110d153366ca3e8d0b5dd4eac4201a65","s":"4282b74d48781b98"}
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