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":"eca407466edd59a8f360a905b8685d51","s":"c51297ff8ef1f47f"}
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