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Can Western luxury brands survive the New China?


Retail

October 14, 2021

Some global players smoothly managed China’s policy shifts while others could not adjust. But did the trade war and rising labor costs also play roles? Image credit: Wang Guangyi Some global players smoothly managed China’s policy shifts while others could not adjust. But did the trade war and rising labor costs also play roles? Image credit: Wang Guangyi

 

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”,”iv”:”da8160ac2a502197991d8575f9ea1986″,”s”:”b07b214d752c7917″}


 





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