Retail
January 19, 2021
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
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p\/TTRJGTeHtRkDjmVmf4NJt2ong7RNaNujKidkFldyjFehodef8Z5653ZbbsEqjYM\/XzEse42vH4sk3F5p+a\/pDIeUmWnLk1Jui7kTNn0wnG1yv4Y2uNKAHs6SeLo8u4TizGrKRtsvmmK43oH+2TWTURFlqsAeZ4mQlWyytmQeU1xSLNyLqOTthxuUCG3kQLMYWeqIgraHWgvB7twSkUWFV5UQQBTDY9QB\/Ddh1nTr\/YUcZpghVslM2\/aTKvPow2LYK1316pkRDhDpMoS1fayg\/JZljDRsAnehcNAuWDHhQsctLlE\/0c3tPYlm9PvurkW4g9jj9xW73lS1SGk20UjRMKkkyy\/6Oqy0HBAAdLYwMAXtPfz\/63k2LBsQM8qaa4LlNpTfKYnHYAcwgBlmmajBpD86Jn4zf5n3WUe2LxqW0gHPJ5AOWuKo+CzEyDNPT4hjNNJcKyGUanIprR9Ip6vzatp53naNo69sy5vr5kbnYVChKzVhlFI5RN+GmG1XsO17JDcjx5RGBbDii+GpuNrNeI0yv4vxtb\/1r9qcIwpBIrhpeOmgFhHwMc5gJ5f+DRPtN7NWH3JnYkx3rjktjH1vIiIllJWJzIdS5X4cL85RL00R4FiaXqYqsr2UG4NVs+R1bUlINApPZZXwOl8yU\/po5Tx+Oin0tSSRWteqkG87zHuLGF\/JceBssla9rfX\/7jZi4wJ4osRa7edXxp5pdMa4zPxZAXbM\/\/z7W\/OwtbhipOipj\/bDbUtVnkW2okIeLvFv6HH+mCUwnBTVx8RqkiSNwT2fsbtYIgj8Juypo4AF5pwRFtR4lYK\/MjQHjCMs8TqikJm0egCxq9XUxJE9WMQ7F1xc5C9aCeIsIrB12W7eGau73rBi5MgL5ZDqdTmbSHd73OVY8jWm+eDe0k\/Vjy2fxWLECfM5VwA77jWvmCqATMob\/dAXYtqUbCik24AxR+pNAi84GeaP90oQhao+39+qYZlIPSKPjKLsrcYB9Nw\/JcBRGARSbRWAR7GanaNTnJlRLsjLMeg9B0jXDxV6a\/+HLSXJinVf9eUk8Xth5UA4Ke1aOy3wRkwvolVBqlfI+CIQ+Do6R3Flfl2dz43+fKe+u\/pVSFT+\/UJXFGVbJoowSog2xRiF\/IrmaRpNDsJXuezxvPpq8LAAm87sKrYJakAFqZ1v5ex6DBOciRsabxlf\/DqrLjU+sgjXQwoVrvdlhOgjZlF28qjFCkz89JCT0lNBLwEaJtTe4j8n5F6Tg4d6IDe7\/NWaO\/pN4wrZXozwJAJjL0i2UrjlwBt9i6zkre6\/my1Xc9gbSJa4NsdIeRm16lrhpTOpvqyXFHVTqdwvU18wRzvIFX7b4b4mz73qexTy1JMwwLqBI51R1j1OkZJEONVlkHiIbxhHMZWPJhvmIdmsmlcvuE0Tmhb+GcCQUUcopaQUYYelBb5OQqwvc3ZKOg6cn+m7a6Amm5sCx79ci6wdGExp1salT32tlxXAbtuTGcySSCN7TDrAT5uTFSggqIpZZoOJFVXCl08JM2k7RVCvb5Ooh8kb8C07O\/YfTqRNlW1PWANhODdYQw7gPK4rpV+iTd41tG+\/ADQiKHSMSMpLbgWOlVyqVhducWedF0yYDhwmlkSvN1gJR1dUwNXmL+KPvYmQKbTR14M\/n8tOYK8ZT67rkuulcQoZcrqmoTdSyZkLMg51Rr9siPIMWmhcHWl3\/J8a0Gs6qg+meH1xwGMZIJVLOrB5HXb6Zn07BWPlWqxVUkPGPruvhZwKhKweEu58rwhERPG2mzWoaipytvCKPx8BeeKRo\/ogKQY\/8rHntkYjARmTFlhiEE5Ja6urXlwJaNSQ\/Q2IpLkFntK\/tHg\/g\/veROXcFTWSjb5XltZEBhOMR7k5bZ5kuIKD\/5TbP80vVvahobJBKtf9V3YYSZyOiLjpRGyZEu5sPYCM9fV4UZoXtnhWTiXkM9fQkz\/AhPQdIJaT4fsh1\/NquF6wHLO27+v2MUnAzp2jrCUIKhTr4l2+2yY2\/ywwOtwBSGBSXMf9u\/2mFGwdyxjWPioAOy+B3doBxMku\/ITJ9jOHg+Ha9nToCIMy+QGux2OLc\/EKoej8tcgmHxudRt1wPVccmgchm\/bwOcm117Rcet+aHn3IUYb+qTPhpkWmRUerftCD7NGGgLDEkyRJH+E+0LAQXVHtJahxhAM42KNXWDzhbBTjnezNvV0YC\/rDpCWKJvQ8BeG04STgUgxk+wAoHrBaptiXqy2C50qUGOyoJAdoYNkEFyQg0MH0w+PioktEVszzfqu\/ANBe72UGg17ewpUVQhFoazxrWSUvexnGDAyE21P6wyyU8WnIxy4Agx3cjp3eCMGqnmvIdBo7XIz8Q8qfd4rXt23HpoVF\/yyxKHs5MfYtKt\/67XznYhVdOUsfEjdN9g2sxbSxiKaVWBwiQBwXAWevgYVtRJhK\/1L3VZvNDUMgmGmFy5orekZEvve\/4FTW3xyR6z7+1\/V95nL2pTNsUHaa+w5LV9lvdaq3Hu6Ov+ec3lNWYfAqwLNfa83QQ4vA0+OaztcykkR1N7vAR0T8dlif\/uoPX1ey5yb\/TFFseY5fx1oH08IzOtTnCitbV3ryDqHO7mZzRXozaLUP7kfuuwruKD+U5Ako2BmZZTKg5TI5G\/7CXDIj2l9SKvQ7jKn35+bx++crA3Jal4haIugZzBNuC2S1l2E1bOXLgzgyABAWojgiC2ef2EjSioXVdpwnk+Se1gMZRIV\/4+aVtUfm3X9WwvhT2ZZc8BYXQY9wVAihIj3QSVE8OEsVkJqPam0mizvD+YMGN1LrFSmQ7j4jUqIHWK910nBDJVyA9YHHL0PZfl5QwsaOIvrySKCIS9xdaVGb0GtawL+PgL4iBhm9mREZCljMPEElKjiN6I2k3utMVkgSwLMYXdVHI0\/\/vz+2nY\/r7uHSy+bgXhDxPyd9Vqoexw3J23kZSjyqJ4L5qSd4HNl3H2ASc2p\/A3w8bDTf+KRD+UFIW8AUuoktmSDijWKZ3auYctGb\/l7t6Er+0MS3EkQAk3GKQKhnqxuuRvmheLJhZ7GmiDD6jptIXfPeQ8M8c6ONwR2t6QF3W+653HcFgvJ+oF2djt+hwDNBq0R17F90fF5bF5o5gphS3ZLiZemm+G8GEw06haV1F2HQMQOzhHagcwXo985VrZNnwKDl271tCbt3NnI+dcOC6g8ko3lvcpLx8Ti+NKGiAS6VcPmWL+Qf8elFF39Mi25GIlXcRwoJzGduBuX9eqc1zC3ee6BT7DZ0q+1mbspdLS5SDF1JHDsY1CnmkMEBusPSW+WZ0ePTMMParyzmALCLA0JNK1XbsUIZSNR5QXUP1XcfVzIsFHbP2Spiblb4IGlQ\/frj6lSTzxqYyOQiBwsKdUThxGIsQh1CL4x0tTZDL+AFRjNS9+Gj8hJkaSFPvDH8CMxmPb8xXg2O9epeDe89MkktAOQWxTO6JOPPaUQsxuNwd\/pHGzBwx8lpcVmNf10lvP7l5Az0CK\/Yymyn2Jihwv8YokC\/LaxslJypb9xTiuA4t0Qei2VEGvL7wUDao4nrtZaGMSFWXIIpvwu87djFFjqRXsiMqGM\/Dd8J6cNXS3\/ePapg+S2bQzP61iyTNvvhLwK4BqA\/RMklWGodZzRbGEx5kYQKR65UdwDsdtlNuvkVWor2s+UPhmN+CtoIbLCwLMjg8t4ji3LQ42yl5W2+nwRX620tmPJwQfGu+r+i5FjQ+\/Mt4CXEEF+FLHcv7ZOVRFlUDltKB6eov3XO2IKf7gdboy2dKYoFz2koNETfqSrP3\/pJ1FAZ3\/VDR9IdgoGTkJRWE8YTGGzHBxJJe5QzK2FZS69o0kQGLM2iKKyeU3ooy9TzYwzAH941c0NW2FO4kwqtWwOUajigQ0ooybjv3voN3mJHDOLDlDtwj7BwPt1UKUR6Ac0\/KZzNqMO0KMsOIkOpWAARws4CtOCgsPT\/yCHuI2fbjHy5ufBNTbjgCJ3icRzac2PjDHU+aM9WtQFq0=","iv":"755a015e4e3b1cf12c6c87a8466e0879","s":"deedb017ab05a7c7"}
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