Although some brands are still ignoring the gloomy economic outlook, the vast majority of the luxury industry today is better prepared to weather the upcoming crisis than it was a decade ago. Image credit: Jing Daily, Shutterstock
Are Chinese consumers moving from spending to saving?
Posted By Staff reports On In Apparel and accessories,Featured,Government,Industry sectors,Retail | No 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cGRorGm6Qz3h7v\/zEKm1zd6p\/hkw3TO23CIevq2a+ok+ahMXDrI4OdM\/2Y7rnzvtwWTnDSR2XIb2M\/KEQ02JerxFx3CTnSVxYALXpzm5WPprp8+2mHh5VkzP14jLXB7urdK6JWP2jdpL9vmJ0YHawjpi7OI+dmivuvDFBFw2gSf1BICWvZMz3MkOgKUDXiQQTjH6WJrn\/0xyT3mdRCZPbrtvI7TuZKcjwo4p+JyhDJr\/WS6xJJYAJI7GqG\/UMW\/n9jphR8dtLEsX3J3idbxX6wCACvti1qmwT9D6MV2GDG7o3HtYNu3p3QHD+oN4mihxUfJs2EqdO9aU57kw5fw7l6kEcP7\/dnlZOckMcjufsxtg+QyE237H0KNdO8JvolCuhFUnyOrKSjj2O1twQpoUM4Lq9lWxoU\/sYjYFLK7OtLmRW2DfmKWbdnMWkRYgn+3q1hBJkviQu3NqJebcXrh4MFxjYJu6hCs48FyEecFplD9OxGDrNkuLweOl2DIVq5w54y7C2NJGD5tGChRIbwsi7jpgO\/l1uRpxECZqx5bKajc9M6C9OZazaBsHQBUgZ2VUB\/\/5sx9MYSaVVc87KOt0SNqfiz\/AEeN7jDiHcxWD8VnaD0aMZYMUYSZbDUwMafj50U1wOijkTVx0AHM6C7RUs0CCKhFIccNA3B9fSbJk7YGXYk0Akr29Mm+LxtJTIT1xRrQMNk9CvqcUSCcOycu+RKgXQUOGn+Iso7TSu3sqOuDZHbtrpD+icYvpWazcLmP\/3dcIm8Tpif+0TYSjigiM8KBaUF7ejt1IPTEVMH4TODMXLmfZT5A+GcYXLPJ6x\/auZSM08XKPna9sLDO9r1y2Xcpalo1y4LQoO2hlMp7qqJWZgdoOEdZ\/s8imOf\/wbdAoihICgYDgOlfiwjLOjkg1sLNyZVMYirBZK0fWFvI7IK5mLzhjSHvtLYMZgiY2eFkCneg9G\/I16mCmybfFJ9Ddm3NgYnqcVfshDwvba9hxdO1dRHwcXPIKF6cmU\/YUgeFXHFFuunuAoKuqARA9UTfk3LS4vSHEDAyk2XxNYQqEwEmY4tn9dz8+XdYMwBEzyKj02x3WAqKKGIOA6Cnp4lJiSUpvfuA1JJDPcRnMPqBsFR6tKp48guIUIj0w1IUuVy5bZzCnPRLWC\/ZrF\/FYVde+xZ2ibN\/mQ9yP6qLtfMdWlHIgSlzpT4wm9BRDlHsiNyQI\/0JCiSV7mYfzNH8FOhwTFC\/If10ZJsa3dl3vjckEjrQ9rOhFu\/vvy3czKl2ATSF1Bm67GOkMt94Bosxs7lgRKBXuPDtpuOuYSS0b9SNHQyDupK64Ao7iQ55hR+jBkEeUvpQKccXPeEGcizbE7JbJJZrb9LYq8\/mOjmRgokl8wK++v0GKyNHU\/PmxU0ccqQwOVmjcMq5Vi0JMPHl0WOj7bVKvWckM+IR2gwlh2UVJK99EKeqUakMxQgq9BTtkCA6QQpc3iKRksM3fSR5alsaXUWYMJ8GhwPjjzauMzdm9eUu+SxcL4eSxDx7WgDRhU+MwhGhWYxjpIcnNTXsCV5sEviJM1CWxz+mCVZHfRO8OyR5H4mb2tomZZp38grzDs4yL3Wkq3577zFV4novpT3P7CN\/N49kq9lqfj5urAnEH7y7NzV0WG6fjEx4SU8lLXlzyXkHcMP7NR4Eoe2K3svcU6IEQhz+9CKQRKi3iG1fjmIKsCJ+wByiukPgao7bcGkC0XbGsrhXf\/jgLjV32idJKTkbnbtyXg4O0HBVPNc4LVGYFKSbIHob5ccRdYWJ13GX0ypNhgK97MlG4Xlm6BYFWSuEwdR0YreEbLzB5JfDFCfPU\/qOL\/GpOnhiQFY\/vBzyv06bvRA\/4gz9AMHDwr1U2YHhCZp06Xv8Kzp1RgRa5M9LloRRj7tqKkrjIpOlwT2AWcNbt\/JRcQRj68DuuSdpKyaF8F\/xxIKgisGZP+sWfT5i4CHVmlN25ss8ScC6fsHKttqLKbWPtba6rJ1QgYZ9QUVrGHUt6+VOKgSr8zpgjf2gQwdrFZAtF8JiV8yKxXFxig7u2MibDKEzjvsVPFuZyWC6690mtdbCx5TVeDP27sL60ugBzV1TbR\/ZM3tRaYYq1XO9oP7DFvFSvtfmhpTkt5zqQbDqi42b7N5mHNvIDRsmbBScmJJokPkJcc3kzLKEBaRUa0x93nCJd4Hh7Mr\/DlxKht9QK8XzMb2zcrVtR9ilDHQGmQaGp+dqV7J+1uwNpzb1V9ponj4\/riD9wdOCzUqW26h0kDkf5jGoJVhZvfLECnQSOC5k6mAmcyvxn9HuFMy\/Mgc9aCu53w9uCLpIuxXgQ5owGWVNWDbRR9sdI2XiQ1Fp506E\/aSYijhM6fzAccetEXp+RpE5v\/qUBmfsB\/2VHbKdD4Y0FoPpxfePLUjAvpw\/FiRFpXvr8MiM9KmLOpOjIku2aBAySAA0JCBZthPp\/jtpROej63Kd82PG4nqCpVnBqhVwN7aHkAoQrXPJ9sRoxhvbxtRJNe+SRcNZQeYqBBrUPwufs7B0kFZ8VYvo93hmTmfsO1+OHvGdMlIBWC8Jtuuy\/XZFzD3PXBneSrELq8441ACVLPemQVHTyXcenYc23qc5w0cyKW2gJ+2OiZSYSRMJPsI61vy+6Fgi6z0h5xiZf2I4ESNW5PsehtXgcmOkfRA1ueHmyz05b16xTBsIJmeuNLFWOhhJj0xUBoux+DARm2ZheT6JWfyXViyL3W4+Z17ZW8Uq4eIYwzUuAKWvaafbe8f0hN1vTKZEp0zfq2roUAbqGsHORBz7Z8VSMh7YKduqYwzZpEVGLZauzUCyypIYDH6JOePlvnqULzg1I7SX4joEYhW7BgC2u0YJ4NFNSqR3RYoi7RrxvWQfdIzzwujlIkg18i6E1qUO+ZzCPC6V0PXbGHROfupGXvjg7QU\/RTHg2pRZnkZqNMATwaBQ6tm3KDc21xuMphfjcwPmlj\/1JxkQDbeTcuxLg7RElHPLS5l2uVVK9N+RsECrZKGw\/dgNCuiIGIpCi94Fk6\/pq1\/jm13radTuG0nbb58dX996cmtV+CRgX4Ir+xe65+dvUh9etlPVvzUKM1mcBS\/jDllZbUnf+QdI1u2BCWR467A\/WidMDPFiYiI93dtArpoRfeM8bDD9L6yrsw2ZWTW6tbd\/GyXVrODAh5CljAU5jj+u8JpfUGyZb0uWrFvfdt\/UKTD0KYC72IsZrh+UzVH+XGjfxKZ8B+zt7BelYZXtZJ8BeF7cx\/o2R4voLBrI1YHFhOhivW8j2sbClc\/uspa850KfYk377XXosbcxHM6+EhJODfAdJByBWchUmu257oIIk55QHhvcCL9c4y0RetD3x\/oEkRqfvTh\/AGf6hGZLmz6k2PombrTTuNo8ED1b9KAnE7l3m1TF9\/Zz4CtnT3MtgnKkZHHZs0oQ81N9DQDsKlSuTrHD0Z9IZzqRf2pRQihczqQLjGOXK2dZjxrjSYYPCUqnklXNbY495C80AtUSMO1vayu33u1V+GQFbbWKyM0G6oZEKAflwDzb6Ief9HI9o2tmgBfAnz1qf2ffQ9d2SQJB0PuEVheiADjUNP5LOhn27vesP6JZ\/gN9te\/OVSAh87RkOvhQRhGJmrIqOAYfJDweQvbZ8YW0uBTcHfXIkaBcv2b+6IwRce1T18g2nci8NRhMqnKG1oByQFWNhCiDx7aW0FX8VngxACvjx5meBD7MKuNQW2mg0CUsYoKnqS\/laHz+j8L5UJH5Ts45JddoC0L3Sf\/JmeaOdFDkorbBi4AISBYkq1HbSBT1c2YQ369afMv6wiDhvBiPHvVGkRLMxMC+H2xrIZyMzMV8fdUGV4+8lc5ivb8TNouDDZFgq8pgl6GG+bpoo7RadpxRuas3oFponC7KHYbFVbP7NB3JPMAeCRcFnZq0eU3QfMyBEELEQijeE7ufpUi1jADVSqolByN8xneV2+D7dYjNAoCDze4a5cTraGR4HINujsxFUWbfAW9qPIuSa+Kt+hOpCazN7wl9+x0JyJZc3td4kCOHnxv47TcsnfvsINM1a788q2SPnVJ29RboGwZgiVN0AzAwEv3VZVrB1FAxX4yuOhaMGaY1KpExGbPcqnPHan\/ermz332Hqa9\/xkuTiZ41j84AUuutFIRtK2I3tXvvDr1ISFM9guM74IgGmfalum5Ep9i\/8x5oanOdLguVnU\/OXA7b5eHO9huN6lgjeU87\/AmqqhigF\/i2LY1yRr5Hi411D0RJ+VUnDrtCrD7TmVWBiOCY8Mfa2\/IzsZRwXa8lPu09+XwOlGbJWbKDSly3QPlwZqNO1MwOySlX8\/Gmn7oV7ihDrmdz2WbuDndTkSKzqIar5sz28yMhkt7FmT3\/bJt0hz\/5D5dTM6SdvyMfcewYkvQnEtyOnudaNiZWgngkC52NZguPuEzHGjxWmUVW7gJ1dBRl+9+51PQ6kvh13QTzT3BxaH+V+O7VMbsDm3Sd2iFv4PEdNsutxTH3uDtMWDeqb\/aK0D8d2Aw==","iv":"62e261148f9dc24a763c7665107bb56d","s":"4b37a7acf4eb3b8c"}