Industry experts are wondering if China’s strict zero-COVID strategy, with lockdowns in both Beijing and Shanghai, is not endangering luxury expansion efforts — and reversing its good performance.
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","iv":"20593d2b66b17c75dff63b5a99c5647c","s":"b294fd0bd48277b2"}
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