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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Qd2E0uLpiF0yrWJuswshtWn5NG8UMgA+HjPxSfGEsvulWsHpxNqo7jQTnxjwe6ZTPGIqOSUcgSXN\/B9uDZMNmEAqs9bA2JUX\/0UOjiaQY2LwrVQuPITa7D\/fQoMTzM2D9hbC0W43Lpllr5Fuqd6IQ5S3PZvsx\/i523QKUaxo41ZFZq5FV6D9OgbiowRG3jaQ1gC9lAprXtso2UNY+ACSg9kv+O2VMzEQGgBTBfbcdpTUixHcdsWSb9fHCrdsFDlpcTSDf2oBU5DjhCHIyUtSMqnyOQjZAXczZA\/W8bTWakyAA9F7rxWtcsK+PfRMEZW7AGfGKdXCfVDveJzYVaEJ5t+UO+50fT3cltBe+EPOf2YBVty0xTW4pNsWzs8fJuTtaH1xhh+4z8bAAMew8cZkq0ODXyTekLq1+gikTeR6EvesX93+JeWAoMGLwbCgGL\/+pIAokdCztWYDZlcBRpcEmh6olGtJ\/8IAARo4n2frBtNlBQxvQy6LvPMMsLtmTTQz2GxAxHgydijiYFy+PLxKSU5j33izYqVHXMFg7HOEB\/VyN2X3ZkFl\/p5hKWtcAcEJjXyDBvSZ1IU9uT7ithlkP\/TElYkArIQNZWRHvVTSPEXRivwqOGKpvI4imCa8XvBuAh9Cf\/FUuDY5xQK4XEDp\/mx\/I0bd1GWl\/iLyKbgDRsZCklRS5MJypNOowplHuk2hqfXSVQdx4KPa1qKQZKKOQMYqc5n6ksPFIx4Z70odPgvuOoaqSrO9KHynSrpV+DBxl0vsy3kiXnfggB\/ORB2\/BPZWxIlGS721JNctmgwXClC5vhaIB7XxgljLQz8XPVxNJuOzq2AOEkT2v4CHmtxIyewmDwmjBipF7j1LJ5cm+uFqHITl7D11U5QLtZomVHtrKXy3o\/3u01bScbcUrcCJPhlpd7jhtUAbv4a3hgxqc6MNJxu6A1Uscw+WQuIsIEBwYBgOTjJ\/aXqtOmXm3VXBU6HWJep9UAAnkdXDQHjJ9XPsZnu7hJYaU01+aZovO23IwJ+6qh+Bre9tW1OkGWJ1f8Lb9IaNRGWrEfAvDVnkPP1UR5ZWhJtFxr\/PFWMk1qXF6iNbTjQw09k9j3mxOBU0CJCENPVnU1C\/FTj+YdNHfK6be68vpxRMFKCI0Xzcc6UTO2NVx2lUKcBM866NQjIHbs3zFsJxCI6g56io8uCtG7lxsFhPOi1eJR1yc4J1FG29uQom5eGjwCCl1V2dqqIqDEFhOCxmC5jFoAdXt+s4HJ1yXoc2MNe7DWpqc1OgWadA1s5O9ikBktDm75S0Ve1Fi\/cMgSHO2kGq6MOWqo7X9P6gX1nXr5iP3rxjPLDzsa1gUGTxg2dOKOAUlgxOIhU+OgXS9qk4zC2q5v1vW\/GJy4yddfsC\/PdfFco3SMD8DDREDttRmc4y47DiprMkh7nA1CWEtCLfplK\/C6GFFrUFu97+nrTbqWO8uNbGXJqbdgeDiHtBHMQ7ey9PeRH9SHxTwwJRBhGJz8sGuffG9ihj1zBYGu\/UP4yJV1BVw8ry1RA\/YvfZKxk4HAyn2kXBoFqZmCLMH6KAXl4Ziw9wFoeQQBykycNFAo1EZt\/9lHU8HvFUo2vOtpExq4ytQFK3kRl2kU2cZh4bIL2NoQ8NciBfQ9YUyfZveRLGd2yfQOiLQL3PV8966uUXtSDeO8Jmf+jFcpSzPR0j1MZeyS597PY\/cb\/coIzpyUz7Md6DydPF58Z5xOnm0mv+rYHyN+vzPxqJ\/WlKKtbGkNmxhj5693TQgayyqRuErBev9dMxrZ+KibHdfVUd9UoV\/LfokkHX\/bxJUW3JRHjLs2oheAxIYYr4QAkkMpIHm8qGdSkZ9Bauecpdb8hwkPLB+4clvNAiWxfvMl8XQj8Vc0pI17fqB1tE3OGCOIO5nGgSa3XYVNGuQbQ+obYAfGEraJjpfSPMSEycSlm4zU60mdfoRtI0I2z3+6zzCGmhNU+UjJEOv299XbHj1HzHzdYO\/0zZ6yzU\/xwtVyPEN8eAxXiE\/UcrJKwbM8Nl82EV5OgN54N1JrVXIwIuiFA\/1m4I9AevsqHnR7mgbYi3gk6ryUxy6OOC6I\/IDU9wpkcYiWpXf5tRnHnFoJzix9OV2J6Y30YSjHoxrsaX\/wHieManyHC+g6pyZHDBTmJ0DJAlXQDr9kuWicc8IhNk6HK7jRxB0Wc1Cu4XkBKnQfI5Fjz6lmrxAQ3e\/222rJFlouLt7Xn954ZOFtbTxXR1mm3+8uo35R1e7KGLlNQADeNJ1i1xP4yoo6A4azQ2hq\/ge8fM\/lecQUxKApRxYQkQvk+qoXhBBXrbvbTLNGN+cSZKlqnMkODVurcdMT8+HIUXltjvgrqLMdsojSVbyf01IvkhW7Tt0Tx++9Jd92AmijK8zjlgqvhnvKHoNlSDkO0KPpTx0kKWSc9p0HUOz4bTjOlQdPjhRPhEg9XuuA2tYDDQ0qAQvkTUUxDVdXHPaWahs0Esfh52cOPAlLSFh0QjhXm7twEx8ZEkIal3lmJwxmKmRSgjOqBO8v3u22EPVlsJAogpS\/Nb3PGWf8iavCO0d15MsrhKpSKOGYpWaP+PZS6D9g91GsFLA8P36sLHrSCDd6voyGTvUFO\/+0PANBj57jGL3vVTzu1QWwPaVEL9qQoREChd33gslSnaGkdXOYbrv+lTEd6Fi+DVTlQaLkqeFNd75XEyvz4aEEWF4QFMclonRzgtldjLGMxcFvQcI3kcA7MsQ99ihdCOiNU8doeS8IuIhTwnu6yggdChGV3zd444OHEkCijgOlgT\/LYoOHmsaMFInodJcVunCL4frc4kc2lYyNCs5erWWRK+Uvgf+6amsrvrXXI2VVzugSRmIRfC51BrDWOt+eVxD9RAHVZNtLzy5G5MoOf7WFq2TmR1utJNyLmpFusvWqEqkg6dhOuIqmu1Pku8NIr0p3\/ngX9nrXUd8gYRKU+cCyE7l19RCsTpoe7hu86nDPqYExezHmcfnzEqI\/luizfI1rblgNrchkdhB7mow00OARiSii\/msS01mHGly\/Mk00PUkWcoy3YmO+4XG4yIUashiHaqV96cxSglvTl1dWt4gQe9HdZRFpqoQV5EOHzxBFYBjy2H7jqin\/Ki0Qxk4Tk7P\/40RZVQhE7a0u9tHmySNJbDAapdhr19Mix74ikHwmz0woWobXw8E+Uj7OR8o72ZhDYgn2rX+L7QRsZXPhgy28rNnFOEcDCbiiYWFmi7oG2KoqE7W6YfwoQtCJEkOJNwHvriKhBwc1uZiNxCyqr6bDWUUO+z2TEdFFHoVrAs3T+l37aNpEDzMhZqBkcASR\/nYVnuywQxl1wuN9r\/82zOeOAjwxj6e1vNvHMMd\/+xiyHD65hiQQazvK1PG8IWGIWPqSuhIrKXrgT44FbPbFaZw5W6ip9DWoFugfYPiOlZpUjsrkhAYrzL20wwpvm732blIDItUHWPm3HvK3y0ex2hZXbZCUNtH8zJhWJtwOhxdwgE9\/xjNvMHxGHOTKoHh\/SJNsjxveCdUnHVKDsqZ4+f+357lWAeN\/fwGC2ExYkPBfZqXE+x0Fd+qPuOjA0IzGYFcfqSbufnxKcth9CjR\/06Dp\/og3PxLPviTGNP56LWP6ENKmCkhKzuE8spXPzt1qmJq97PvbP2NMlT8O3oIebQqPbFY7FJM+mjaNJDBwvg+oJPUT2SGr4QECy1uDgMkD4BGbA3ipOviwV6eJRWH\/hGc1JKhuB2Y\/GIfDCg3M3SuB\/KHwAPzjGQVbOFIpUNOiIa8qs1W9TiUZM4Iyf+D0d+9cvuBaxA4xfkdMQefVerI0TYcYn5RKbKtn\/yqPoPVq1TOBXU6NSMUL1viaKKdmbKMevzbBcAk4Gl9KCw+LFk6dIhTf96BVAxdTW+oUApORyuSWo4V3VgyIPbhUtDBLVTjWhSiN0oFj1G\/MWJcNRGM7Ws6HbH+OgS4STd0Eng27HV\/UQ\/CyJmxh88IU6kJ1t5\/Wv6EV89hFnNS38ubyGq9hW7c1vyy7u\/x24GG3YgT58UfIL5A5a6fxKWzGV64LBNBz+35veKBZt7pT6dAy6\/2qqeADbKQ4XLnmZOqgz0pyNZhFLIA06qXCULPmXMvHZqYyiYVke\/XKkGBLy4+O1GO41NfRRXo8xxtKv1yrAWc3nc9eOBdRV5M2oCtaioHKqrgu5MZzUh9dPROGJaHoqEC7Ebdq8q9n5CT\/7HzdnajPibveM1f+ZoJ07wBYUmiVj3axB66oj6Z+SP2X\/8RSTA78FI8R\/XYooZTrsKdV0DQP2jH4bbJMZl2ZFNWSD9CD\/\/qTfEqGq5Blygz\/Tm75Yw0XGYJqIWy6h+\/DNE0LB6Y2zO+ASsCH12k0yxBLMXtt5Nljbm+t\/I\/fkY9FhH4tteb4P6d3ojb9DXJi1ErwB2VaX42JFiqu2COIDvEucVKn20bVBhhQ2TjLIdsnBYFgheFTOa0p84zClChT5DMo6KE6VLvcwRYOK01a3CcDDujQuVJfOCNq8veIWhPsnvi\/Q==","iv":"c203d9456fd64a6438b1a8b4d67fcdbd","s":"7c99ded06b02525f"}