Research
March 9, 2023
China's wealthy favor luxury items that increase in value, such as Birkin Bags and Rolex watches, while younger HNWIs spend to reward themselves. Image credit: Shutterstock
{"ct":"uxd2qSETI4AQJBMbl8CWYEsRhxPbDOniIDuaZRnZT3lLYm+s1v4mn9gxecjfe+1aXxgtDk7mu\/9L1OIv7bBgrErO+P1t2BDy4vcPaDOmpf\/3jFqlTZAmpVqkUTcOi13JKwVBZSzhs8prmt0WyQP6hED3yL8ar\/WryY\/khIK3TdYXvVbkKosf6EZhKQCGy\/ZO3NCbnQz63DsyYltgk7JIrzSWuLkrpPXRw\/u8PbNVOs1p6VyaHP0uhCapBVJD30uz5FD60HyixpMdT8qgkv7yGT6Y4T\/PTgua4iiwQzTwgJFIF3v609wLjC5aNj8vELk2V\/\/6Az7mqglAX0ZgLW9fSxE4hU6k7TX6KeQeE5gkR9n3yATXyJNrUIU1B02ypyV\/lM05o+UpOKxIEuRWuWnoJ\/Iqihjq6OKJtJyX3YXQ\/GlOXFOXamlEAnHGOd0cujP5qddSZlJFfbtLUhDCRmDHdIo5cW4RGtn\/+LdsJAv11fUmjb63dDO2HUcq3RI4dV9\/vih4b\/e3f8V9PYNDO66AVp6aHPw+H7KTxsmSAuDrC4JTvkdDc2nkwh8cIPJLN2YReq5Vmc2L7JWuTGoroNwm48eVRxTEXnzNWOWdr7A4h\/NSJq3WP+KIFw8NR+2P6oAWpw3XQoYeQVAFFAxKe5n1e+KeW72PQQH1Eablzr3TNX9\/UERRaPRkDeV0OMtfRe6B97GpcRISDKkjo\/I9QPjAHbq78BSnS75YeB3IS7HIuZBtMAWPLTFwoIiwV1+p16O2yeaFQeHH0nhIgVNaAeouV8h8VCbGagf9ZT2VncqtmGG74sa9mROQ8pSl6A+dS6wFH\/+lBMXXLmpwQ\/wpbMqw0uwTNIJlxt8D53Prx+EVvvjW4oKyj9KUIXq\/F74TSiahGtah20n1+PtlNWqLcTLs1mmedwLU5HT3cTg8G4TGgDC+0aUIItIclsvPWKTnRAFFthzpO01SnwB1x\/y02Q\/vArfS61jkg\/FxpNyG3FPB4fH0y29PBwWuNxN\/8Bfsl9qi82LoJNVDhC4rn9hx07UDnSHkNvaPG+the9lScfwBo\/Gx5hpb\/eQX9akZLFX8vYa46v5W8OGuaKGyRdWrvuZIM8Uo4NXe0baLU7NC2ubmEIfy+BD43TvWqjNYDeES3iBGkq3AiSCn8vl+0x7KxjPWCzEcL3FrpJDllpCzZp3T6pT\/h285qOe+n81rcw6KUmbiYFKUzQVCN5vb1PqHA+BdMSlIc0qUOYO1wsePnRuClYUAcuVTOTN7Mc9cP\/NaW9sqZFEgzFN554qz6xWpO6ZJpB\/tKty9Ib\/iElHaeD\/KlH1ZTNsUlP4xjrOgh1+V7BMAnaBCvF7IhXHNVKU0iP6YRkaP8GkAZrILxGsO\/wHnZ7UcTpytNQG1Ds442CYq7xd8BpSUmGjZicTtjiSjI9Gihsc2H59vRYSQp2EDMhvxnJKWGnj5RXxdAfsfAM5aklX7skfVcQ5zV2FjTNxCDgFB8n8cKrbSa\/nIVWFMo\/PdjZ7TiVkCX1cI4eLieQGbtb3iz9TcD\/3d36UXLq87xsqA1ODjcBlfIhtJEhU2EODTw2IQg5xRKUrsuwPW35YSBn+TMIkcMWO9KiBV7pSGMfuK7WqCEK6+cE86ZQXED8RbAYWvgaHAXMAuZqnXJusUtPtpiSg4owtB5kc\/7eOpLbFVI3NeywdFOZCq3gRMY6I+ES6xC\/Ucl3LiAbby7401Rfr353jnx+41TpoZNKG45c3df6cLafgXKPK1yJCVKWBFU62tuN8mqcy78giPhauGI90St\/iWdv8bwNvkrq85OOsVrs+RaUnoaVpUcJpKthVllZLee4O1+az7TiEAzGnqu1oZZ5UNPoHmP23tqpUAdrvyaM2NWxh2yvuAb+HfDzbKc25leK4GD\/wH2sCoWYaew0oa1QhgJ9r51CTRIAVGPZxDNlyxVgjKLAZD9fVmL\/CZ\/z71f3I6Z9jral7dIBMkl1x6GOyCR8xEt5\/o9BPPWF\/4R+9rmG6mnpSaF42fA0IeOaKCSMVukrVrVyV2Rh0lY5WI2ralj4dK2y61uR613We7CWiYbuXxpMPl7zF4pexf5RVQVLOrmemjaoQ57hx1wBO4+61CmrUPzah+Z\/iarKtgfRMSpTSc7hpIF7tlEqj4wMwVYRfs09SioHfAODZ5Ci\/IMbaKEniuy4vi68YSk3ko7BcDts23\/qb6hV0ZbCNqegRToUgWQKM8zv3PQCOdZ67d2FDUQeB7CS40NP68nXTCFp3TZB1Tx4tQS+yJTN\/WEefLPODvc1Ug4WUw5zs9AIV09TRCd8abUWd+ZUnc5X9bHAbW3gDdAvduzS2jsGbS3tvT5loKuNqBEEmwd9FxdvFD6AYRFakBsvkYNAuFtlrkAyAdLzuNCBUVQ2VQYhMVBzron\/dmkRlqjcqrOjtmViNKIHmoZmBWyOmIrhKw7WHHPxNghmyHYH27UjPBM38lrwDD\/wr4x3JMx7W7CfPRrcbJV5q2GplHz29sKtV7L55iR74rRw5Mf0KTtDgDj0wH7K\/jrW\/AJE5rWNppO1JW2mkFctLkCfuxHxrUHMJOXDsgTuY0\/8QOFIC9JN+Opa3\/DF7f3stxBkg1iFZo0pYlHMKyaukyWeA6M+s3cJB4wo9zLd7qRFeJmsk5QFQwSUmJmt6wUQ0DCXfJjV6RVo6LfcGMiVbNhqulL0Dn5LZqBaIdoeh64TSXRTnlfXmZg+oPbdGiZ0cNvrLqJsKq9wp6IjkZ+CsOwSCk9YmeMVtA3DOie6sElIRwCAJswyRreZARBpVE7DI6lFd5fHuMTyuYHRj5ING8BWMQVy5GwgoUasO4TWd5s4wpkil1FYgNER0UvwSsQy6YblKPss\/\/5fp7jdtKoLI1I4cRWvnNb5\/4ttyP6nWcvftYuWH43kZ7CwLLkDs+P+eftLHBE9\/Cgk2nxX7QLT2Ml9L3OEuuqJaGEcvYC0W2jFs+5m8JF5YRprmvvn\/cmwFVPryGpLjzVmRp1uHnRblywZBTXm+ZU8\/v8R74YRomRpC4BCoRlVhKiE\/In12+pUzzqoaVszCQxj\/a2HxF7oMVQ5yG83XJX3SgQ\/vyMrn6SjqsKT0\/D6rhzYUQCaoI33u3tFsOTDaZ5W\/WIbL7piE1vMkN+lRYdsn2q2SchTXOTgsT\/e48pg3rmyLd4R\/SKH\/7xGL6wTKEbF9i9uTF1yFZBvGy9YLRr1PmGU\/F+xAfG1EUevewKX35QsHstv14idZh9w1Gmj7tS013RYlfzQR20RvwrYHaviiCI4ZjE0ByLlDlkKQOJWp\/pVsQfZ\/j3DljsWh+XO5Vu98zt8CYFEeabRPHOvjF2nCDoHZk9EZSsStA89tMEPUtK7rEOUdwUst9cXiO0bpR8ntlMlsHBkTaZ3TiK0yWTc5KypVXzYDzMTExOqFLXVic2CFM0kXQbMsNC1V9uyJclrmBDM9AWiHMyHU7qW7dqIVtheA\/yXcbyc9gNAG4PCFUIHOKyNPn9cZORRMyyTYh9AGhSP2qeVoHCSdCBwVZwEB4Op55I\/ari2rkxGFR1QXU+dv7VUtJQyDbkfR16tMEsgqB6\/J3z99I3knsQZDu4+qRk0Br+SrzndruszNIgSeKZwHwQ44NW4oclWDONAl1P82VeJpvBB6mSsI\/p4KEzuyTDp4rCnG9cJ\/zYtOm9bmJ2\/SbomfgP4Sj0gStKVky1bIqwLmckgkdloy5i\/AkDfpbaPUGr0B+N8Uu8kwltBL8jJdLEmRwBAL3q3ZJJO4CtyLIEUUcv3femCPZK0oqp3fLsKgXdeOKBxyDrqikFXu9dYcpZACbHbke7Y4P\/Jh3pusf0u9685ttruufV2ag2moRUA2KPY\/G9mHbLd3Im7DZb5TL4I8oiUyuxSHf1fqkoV313aq+7ZG16XdouEBEEHTUpvFyIwpQTcrspLhj2ALS9kR3Ur+\/K32lrhGY5XYxCCxoJiMSggkPy6IaoFtHI14eROGidJIf2dvuuG+9XzmjVF5rmyegwExIARbS571XlE83VjcDFHSU+fCS2laz2dQfffS1GWmC5GA8c8UiImdSspshD\/E1Rsgt4UK1z2vhhwjZj\/E3m7cUlDAe+1Ye3HhhhIDtJBnwovYVdT\/I7vlagZHWJTVddjiDmeyui6vqAJ42pRqr6eFo48bO75cNwLkndIvFnPXsMsPfNAUUbL3+ijCezQj0lxtV7YVD\/h5xfzcs+1wdzYG1E\/fnDA2UOGQjcbc+lkFfLwCOVGNo9JVLzuoNYYN2e4TQhhSR8GmYEd1MV5q5boL06B\/QtiAsZ3K+5jY\/gX\/kdzUjJLVTjIJ+isZMdRrX7BVAOXPmCz6VwcTNwR5ImIYIYW5\/0gFFaBV2Vai7b54JKY\/pyYYOg+NYqKkUj2PbLo0R1rHQGFtgvfd7KPRtI\/FHFxy2UnPBFix7IkIoXaGy7k6vcODBV31IlrXUwt0RJrM0q3k1Z6Bj68mo8bGNmij+DfdqCiHz2Xpk6x1SvlT8r1iwuudqaXoG9Kkr53bX5KBLJsIlqKjF2WfuEAEKiNJs8Eu01ApJkmmS8NJ16sjfnZi5jJP93Egmpskn\/BDIIsjY2p8kkONPqBD9E24gbfff0qsOB7dEx\/HOOL8YyNLujN0MJfniMF78JQl4eLoCsI5Uplp8F70LhXHMP23BCC\/8KLWJ\/aks0ACjnnX6p8j+0UP1GX7gcrfXe1mg3ePnUJ1x1SSfuSn7LvdMFoq7a282B\/S8AsGjlOyE5\/LqSw1RBD35r0e8UcbYnfPWeUO5S1kC7ZwPbuQ0s9ckAnoT5UKA2+2Qnk1LZCAWzrI9ONtWnJupaW4ScWr93oynMk74IZy+me+gvhpslAD562Yhq+rZKSRfv7kpU\/\/GcN3dzl2aG7gxGxx5zRGGtULCvN8F7EfQ88vgR3EcJjc4Pg1EPtInMK27oFG+SyLhlRNsBB5kz13ERvp4JRph7I8K4oErUou1F1YLhjgX6KMuV4vj1ZBLLhpOjrcRQupV5tMNO9TZMPQT1Hu5vC9G9cWIRe4TVHvBpP9KTQhpvsYyKxtmjeKg949dkpmtGHt5FEe2uKdKMTKP8bqsBrhURlNvjGm+kmDnDH6EZn9EMqn5SFcbTxAKF14Sww2WgLY2RTQKHawrF4Tk\/nM1mYC4Q1fcBGMZCy3h2PtYXiwHkfTESF2G3s6LMQ\/ji\/sWEZhheHtXazD589YAg7V1xU+gC7Vp5vkeSkQyat1mRBFzxYa0f8Rrh69PRO0dvenuPM8K3zziwcxElstLHtdzRUhoNTz\/QOXPI1xgEW7OVh0OAZ9cTEyKqi3MADRtq\/WTGMMDbjmrl69uliwTYv+STX388EbAAX714pqlgUxZcc0y8Ah\/czfDmy\/T7K3rf1AreNsdw4D9Bnk5BnZlCTYtZd4T+z8l1+nB6oFMikVflr8nhd\/MGLnV+UNYRjMWQEjmqBB5N2j+b\/7DM4QuVibyXxwc7snNimIL5M+RbdvlZ0XIS\/Eu5aUgrSc1tSprm3VB40fzA1Q4YUN4QNbuWeqizgbK2UJa2spf\/SZaO5nXw7LEL5nGqtEURUoylM9JDLjqrti5SFCwB1AHSJA2qWmgMNK7vOR9ECg2VOLYvGaSNAzrL2dQHehdkB7s4XPiNshSL3jLXG4j08a1a8GHx6fpsPcYvgIpjN\/2nHHTkYrDpfUq+ONE\/qAKw9vlQ3UbQ7IvKKnShUYeOyLSKnVYENOLnT0uNa1XpFF+6+Rl7\/tEmDPu\/qtUxsgchIIiWKAQpdOKL367q3ip5MqS8rRO0hr61Vvrqbk4HvdXvWUbtRD86RFg9l0zvzMy5DVtgSHFH0MM\/AjxsNfQWRUJeJAFxGgDFVwXFTbg\/56kSgPhc3leF9LtBoOjU8rhbSQ3FUwyLsm4oU1Kp7O4zwQ9pcAD1jLuIH7fmfn23k22nFc8a6vzA7CXhu6xg6XBnrAFVb1uA9o2Y3FvDlSEE3EdiXIricwyQd0HnaZsUkDzYQiVbvvYapV5wecv8VKNOHGEG172+W+4Lm3FWP+he9ZJfTvQfEYsBiLEurO0fvNXKM87QaSL07VyELpxqw5rUrEAJvqIZY2Q+DIDE5sYNWGT+ttZT+VulUfXwjW+267HnZmnRinJ3KPimb6gKJNxfryRUaHFOYqY5bz3QaMYrrakVgCGTUz09JM2YFTa31\/iRUUXCx67qc81VfMlqwYz5BJzBW0FIysUS6dgyiQrqTnCdSLH1Dl\/FkNHsyPhtnTclkMo5sySg770rNxZq354iZjX2Ein\/MxI4hKQCuqbpzIUSAczvmYEdPQQGIKbftzyu3Ow6eULrKO5Btcy3BWWlhhy3PwozKlPS73G2+HgdelPfvXUx45UXTVZBRbA0FoGv34CgBYs5z\/325n86u24u41CvW+Q3QaKQ\/sFk4voOBFXN3OZ4hRdrn4DInbq1HTIkvqeKXH78Q4Jvq5pHVGX7kPPiZiEozS9a3lTKRCzqxifbnYe4QPTqhXfHON5sLnuCliprUMi4gAC+FdFX1gzU8XufdtjrTxU2ORsmoJZs0Y0kbA5ChRTVDKQRqZRYUkJQGMNUn9\/\/eCNUL0KIQj4gCO\/QDu7A6GaBsRobTJ273oyxOZXQ\/j4PTXyGu2uTJblHnBlyybEPcHqlyuWjKsc\/+MfcOyK\/yFDwqMYohOQLvUuVb0FEDkeSAQqmpkM4Sg=","iv":"42119d9b164cccf4f47399a31ae8dc90","s":"ef0de4a9cf11d444"}
Share your thoughts. Click here