Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo Is China’s affordable luxury market dying?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo 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Fp16WdavOxU5g6FHKnGXLpUPf9UjepCjGR\/bgDI8LY+SiGAVcjkCWv7A7Wr2Quo71hsx0pkTEVF0fu0oXgo5qKzBULRDmrUVeaD\/\/PUbpjuJ2jpzf1A6TgaO51I8PcQ6773IqTfXw\/NWYKyqxTe1\/neQMdDQXV3\/8V30xOlVUBWGlq936V0o2weahHw2P0DH0gFjIVtEG3KL\/ZYBYhKEpivsuvxpVO6gMmdx25IqIoijMrVncIqrQYHEu+WWqhRpOwGJBCkhszx7BtSqL0jvYRh\/Ko9iCBkneu1Mb9JEbdVZQiybevLL4SPgI2m0hvDagIm8Z2yLo4+MZOYy8nG3UvUG5PssBL03ZKzU0vGEeVPWWubNskg64ihcNTd114P8w1yJd0joMaWBbjD7TVYVScUatV0ZF8feFSPzQq67+MVZg5TF6mYlAh0KjVLZo\/ZzkfrLg3tLgDWoe4LzP5yZbdJKFGiupjMe1OXpLx9TCqjtqHwUMUc+G02UTL3jDjMYUFc7UF8SFUZnrIdPv4FbDe\/xXZSyScvga5XYzn9puzFf8nDudtsC3OBauOiSKgtEUhDk\/8dzW22LnYI9ROSS5mWGbESkOZqBbwDJYv\/dIAnP8Kj4hCmIQX3TzT1QxImfWvrapmGP6\/7AiNZsH+xGz+w+OJPQTUvqcaPX\/B8zO3IF0vYwOyektIwg7iBSpUaMrSwYjdCipI6Q\/VwgC7qbLzt\/eyJfDfN0+NFoKERJWP1XviL19NfmnO3pmhvJtBbQfFYaJpLrsyf21nK6xdEhmaFDJ1Lo30OaePiVTOKHTiRFLrzwUL2Aky1VLqi138qp8F35Wu3EzLztHxkGzYfL+lUupvRm\/R0UP2\/YzO+\/5ZtQRyWpvfcaag46Aq0qboYmeDGYJZKB8lvlP+OxWCB5zyEVljURh6fUa\/xmwKReb\/KC4YpIH6WAa0mt3TRsSHgwXAbho22LUqGdSEG54fzNY1MdBwR0BhcIetCrcCG1Gx\/en6fI4qNtraKjlxHLHCNxe0Y3A9jHMM0rmxuUBSrelP9rqCtH\/UD47RUqWsccIITeb5kIbgowhE80eDmhMwfTsouc3LIKhoAT6fjZGC0nOgoGo14Lvbt2Pj2aGnXXSm2C8BwPtvPwBZ\/p7aPfcnmQWRAK3k4ik0TNT3HSVhhT6TrpGEsbm0jcMJvWiZ8A21eNKiUm\/S4ltM9ey9HX\/UYYcIjymw4r3P3K0gcztI6wEgganItaYiO0Y0i+ZdkPLuMuEuR7dBrDZ1VZuF3oLH1Fzlx8f11odPMLkdNJF6ByudfORSKtYn++NNM3qYSe+R8GAn4Od83HIvcTh0G9ZAPIrV78XmMxZ\/P\/WF9hRvyHOn0XYsgbAimBU22ksGJhqG2BZReV7xnpznfZkAdy2PnAr7PB88P\/btXUHAO6XxKboNHAN0nUHdS\/83Zh0gBUCd94LHnGYETiLX+j4SYIK9+udoYtnq01gSYL990WpFnAgDuGcjTkD7uHE3JEyoPOwwIDGrWA2WvNti+kXjgQfH8z\/+2tak70edFdBPZqZCGx387x41+su4qIkCri3LdqYTXr58m6dEl5BbwlhinVZISRvY5pNTtASOjfE9IW5mwiENrRLgawwolyrzue5\/NPVmpELZNionmcCvIuoiC\/X55xhlzUrZJ3+5UaknhWO8N39beJLcLp+POfp+MimjlmynOw8PyoHwIDiZh++DilvVbBeeoNwpB7DD8SedpDJDGIybMT2Gkg\/N3UGdRFXv1Xtb6CO+bmv4XveQn0XojsGIDvZ9dU0WG+ESf+xpvEFVXTjBa6rjasqk1gEvTh05Hzd95M+LeKHdQ72lwGDDaBqG4rGFu037Vg4qQVbaBf+Xo9lZnzpqglF4ulubN5bxguNwSkAFgHosJmbGqaIRxRiMoEHwnlc9y88RBUHEMdyZRCHVubJeQwF4oJR7ylk6tOGfmdb7+x6OlynZMnchVbdbYmeDn9AjuUE2rSubVVMNUI3SLQ+008zZ6NFotwvio0ERwLWQJRlAwIiZUoZzwFRRa4Y2iXSJ9IxJOW\/NdxAJIXvUbZkP9x0IB9fmL8w8HeL9Pou+qdaSHGTi7FSPDtnfDIp5a\/vto4cGd5QzkGQpQHxfKTVbhdXRJDoXyVXNjeNyxP0qt2\/s3UpKZDO136lss84Alxj3u5SqzV0v4c\/D+4EXnLyAsjAXbz9tMBDDAzrhmGLLS8RhZmIV\/ceRKtS2Exy4eDKbVdPFS2CA4\/9RtxArZwE3Z4YQF+seew1O2lD8ljSK2g\/di0URHmLBiBq9gtdd7YtAlJgbJ2CrlkbSTwFZRB0vLrjTp53rZe1F2UDgPFJLWEaLZMrTC6GBt9qWbGL8A3Ez8Lg3ECITdrJae+zI15LWUtnzQPYmVRbjhrkHWuSz4EUUyaFO4Oy38yAQMbF9KbOzpaFX6AdNG3UKUXj7E6IgqaqChHef66lV5Z5xZaSym07fRHFZMulvUHmdBISanV83XYznWHo3NonVU6CL+inzlmaM8id91vOd\/Wqq+5+psHAPA7x6EJnfhYJw3FjjPaxbfDZZbXxglcmpPCOAVZCZGGJzAM+7\/ZgtEatGXxFBcqyexyr0NfT8iJxsibU5mlhJJ8VZu7Ar8LYZd6uIHRe6Sq1GN3aFP841C\/J8080AlcMXD2hw3IBZFcrhx89xi9zMrxKHOC+pSXbmvzcDf5PhMhkNleVzW3AFBoPi42jybMC+uoNRiYuUgUTtDOJtEzoiS192T41CkmoD5gZdKtPwvxim9yOBgkhxUzIKU9tA8pDEH2vBoZg1j4BrdN80PtBmxggzA0qcdWPXaUet+1L2IVDA+MBsxWJpkBjDqzE2YVrT3PF2SYCKERLwm2ZjwAO+xa1q5JT5SIrWZLw69sLqeNngDn16g32BMjesT33a9MxoTQjvXrOIMdL5tSrKxRWZW8n3qV2RhtzbWZWtGERRIFgciJGQ0wlJmOIrmD52gQJBshw8isUwf+D3dfSjwQgEimYbSlB08d7Lopvg3178+K3EX5GHUUA2M2a9fHa9lkep6SfJbYbuDtIhxuNcvSWS1CjzHl3qh8+uMEkVmhqefcfUNFts\/gGeIvkcxxz\/0+FJu1wMpvIaSmIkdNffNeQGjRVNUf7TT9HvZF8yDB7o3WGjT\/rkcJrLeq8v0TCXVBR4CfY8tcBg9MvFmYrVXoFKpwgci8ZlJetDfukSZx7\/Ur9tq1lPRGghALfxYAY7SnGOKRCatyQgh81T1uOhVp4\/tsJLvzyjok47y5FOb7caKkQZRMxGXn5pjvDtwxFvLXAHdjxqkxCZJQKiNFfr\/ANPAii2K6xzE\/OC1YayySq+hhPeHNwL7c\/kBoDgXDa+oSSAaE2uaYhGQX8FwquHJr4LYJSwswe3oFvztdtZA7MF0R6s99kzlprAdJdz\/vgLZYX1lBsC6f37Zl6+P6\/J38XOqt18jnIWocR\/BqahWshbz7M8ShhOU6PxMRoln2w8bCVOyzD4X9uAH7aipDDRvIRpb2YiLQGS8H1eSmgB3sf0H8LKTyH9pbeS7o63Cduc2vWfWzqphd8CW9yKhwONtMazlDLT\/qDB6JUg1MNoPAjrXbANmNBSF9m\/6IVEcENwJ5lAg50irqnf5ecRzg7Kempgw3sS1MEn8RLtYPuOMcDgewv8uktoZjzP\/BVWI779VUHM9+o1yKsFvmtHYsR0j9uPXFxZe15FStGxNqU9QVMxNd7EPSSHrHxrbZkhfRI75XZ7bt42HQcHZ63osJGQIaXmuBOS\/jgPPhLAjNa+lpJ3oTgYiHyy6pGyWF1A0FaTJQ50wq4guexm5DwthDyCeUP1e5s1ez1TdFltPjo+EYUxVfr795n0J1n5y0JsPt2SsafJJE9MSgyiQJbH2HswgrN1dbWIwXTBBGgPnQ1Ovpdn7O0C\/l4UBP4YmBBmEEwjIRpiiuTc+9fUUTVp8\/aIQMmF4IyH5QI3SVtqZi0AtoH0VX13Ot3WG88hRlf\/Ot6P1choBlvrHR57f0VmkDSpWtJnQFCgV9k9cCCEEZJskARRdzvIM8OnLl\/n4HhuIdNpBRFXdjR4OyuEAQPMScVrZVk2BG8htpsdozhBwLcI8Pn91I8IhG9XV9Cr8mrxdxr32B8d7Ssi+qJx1uJlpyT\/Ae7SxokYfatVzQRRXBvcVbHP2Pze0vt9a3gBNQvNso7mFQ9E7bip32fpQkt\/SKKsIK3Lmlj5UodtVDZb8\/w66uD1zYUCxLYyF2tbhI7koPsecxzCryHM9tMNTCjwEhcx3zG1XoD\/cFaMJx+aGF8fzopCjP+rb\/lV1ZxQrj4QijEBARTxO1mnNJ+EcB5Zf2wls9TOpkOHHOX3+9xvoKLH\/tnFjBYCBznFeb\/FW9jVGslZUzfRxybQIahry2jj1leh7wvUd8fM+WCRovCTuFOsn\/jvY4zgvSwWSwyGdPzYks63Jd3mfM6025QzfuKSyuuGrYvpugKvTrJMpR5rsgI+n3AZYyehrffJBEeSEJI5pfkxOIhJgrhRcY7qiJSXMLrOZaOla8W3GjXCw\/LvX3tumDFqNTX20dcAu8vzoRlD4zFMB82d\/R2TO8nC6WlS7Kq\/xKY84jY4tm+oo\/3h0tHfQOVnvRAihO4\/gLMsCXp0EoX4YFeHRUuRMjv+eSxNMqT0k64AEbtDCeST7osWN37PABvytgHqzEUOqlZf+7x6gGjQwzA2aIrEZVk4RIMwWRTOgcaJIxCf9kZTjQiyBVK0sBoLglzrw==","iv":"12a0f5298896186949569c9d13fd7cda","s":"89bc25a82c65858d"}