China
November 2, 2023
The ability of luxury groups to retain existing Chinese customers to sustain long-term momentum will become the most significant challenge. Image: Unsplash
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","iv":"61cd1b3dafdc9a5a2edbe5271f76ddb4","s":"4996793d3b0f3530"}
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