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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4PANGfLa7Y5LxHWK+zaeMeoCZhREsZH+pJEeRvkwAWou3yqCPDpaLf6XfaBQCf7TVLrsSpSmHTR4eehyfsDS8Tfx4OjeHfUz4\/1K5A7oyRuJaXy7aGPDaQ2tNyzYMEyr8MRNi4hADF\/PMeXpsvmzJmzoNi7qdZVyram3riWtJq1SOLsEBCIKhycRvDPJ7qbd8oRGvhz6xFcI9SN+WwAZHJ3DnaYGXGAzbs7RVoCsWsefZl+eSZki3s3yQWl331LrXNHdGTd6C5hoGTem86gTHp5UhIKou8LNDKc0tUyITk5Twbac5evqElzVmdKmPyCgx6rTxlSPXyEuB96XD+d73pYAiW6XFw98nXnAhy8lNVKtrIvqUGyA3aH99ScqmWl+W2Y9CX2N25D7\/hn7kqtRLSaQ3n+MkSYrb40UIYOuIkAfzkSEy6d7QNmnI4AUhb\/LXSo6+hAJB90N0gy5G6KTezgURc3ImMGuWpvlBY8eDuTnge9TJYtMm3NIDXKROn3itY4NjCtk2LxF5qcJKOVs88lUj0rynkBCNqYRiEmQ1HpuSc2o9ISYjuj+OmFMWLHDp29XIBykIbZ61deJgdgfSg9nH\/XQeNfZcS5wH1\/ToydEdlrsStf7xL9yUXNEQ\/buwwn6M0UkmMAjZbs3BwCGtdVk5ujX3ma5gbw6x1hw1XQoLQAiELoF4IyMWuWGwPr\/+MmalRlreb0E3Y+ywPOLy3UV0C2CsDpoIzKKZSnzc9a4kvL+c9HdcW73z8R8Iqv3ydFGVlDBwmUS1DMUl2bESCqS\/0KXOoIP4PEVP4GrW+qH5KUOj0jmfyZcdh3vBaW4PWRMDaQuud+MYaevBs9\/BlnKpiLNcS8ikIDfrJOBohJT3KHiFTI3VHBE3QGbxUcLNKmDPh7TkLr9Orzr3ZiwiK6a1AjW\/wC1LtGDHupYm9IucSWkynJQXGAwFPUkx3JOLPYZauM1Ob1GWKzU3kjZiSPQkDBXV50PiGZKKyvMn+Xzb0RjOMpjHqa+FPS7VUCjdKAUvr+JILl9ug+MO43B9lgfjgo8+4iGPLU9g9rXMWNHoWrq7KqgqgVPPMTtbMAZdqRHqwETv57e2+9oc\/yShbVkaC\/hsurm81IpoECreswNQrMuv+gLxI6NqQqd8l3QWGZ92aLQFdHm2fIdXxceSV3BM3LWVII5KqwliWA2EK1wW0GFl5b97t63OTeMwxp2KdlcIz0o+sxRoh9TJq5S\/0IY9rUTxqXiLzt7RoongufZ\/hN9rluh9BPw7ym\/SZne0752VKt1AprYSPeD0og0HIme\/xBm8F8RDXScK\/r1BU+cKJvmSYpb8UoqRSYadyCZMDNBLz7zmNg27fwYJp657DAyN4UGphPAwQt8F8ryCTwIDo4nb83aqpMz9z1x5c4iyEWOi0rtVxsEIb3eycJWk3Ulwrdbef\/xp7Gthqz47zt5X7jXKgl3t5+6ZrZ8lwsrkMG1wiHGtnV4cW5s4Ni65DiPXs2bRKb9WsdT\/MSSdrDSrJDUFklkcaRl9fu\/UIzagUYY5xLlkUIbitmndul\/gtxwIwYrV7ksxYm4xCQd7lwMB2bLjdFzLvmy6y3gjNweZ\/lx6ym7kta+GU\/okXmUaaDbtiyXey7BM7WydX8+KPHZKYsh4U9s7wIQ6SsfKZB9o4zH44CBNmF85prRrKZBiXt\/Dy0ImNN5G3c5m9w7HRZCbAS0ho5gzweJVcFq6XpZzVN0WH5su0FM3IYAP5BN0YMbs3+bglrJ5pldp5a7zy0Wta9VBmHYxwr0onr0xtk7g+SBMvjuMF\/I5qvayVUr\/2Hn1eauKIrk4toxi2PXyscdS4dKbqUQWFaW3P4mNIRDxZaowtLVGmtOiZ+V5MyYhEiCg9aGPaKmoTPD5vLOslvnwbikWPRa\/8ysnqFdJK8Jr1vTzu65cJW+Nn\/c+HPcHjdk7tkQZJMm25lDV\/sBbmeMYf3BOiHc9WJMzjVpVc9RDJcwB5jx3Ywue85fEcghGx8OFGcpvCN+y+2dvxh6h7UdFUp\/GIu5z1gzYsghsNc5+yc6Qy5rp61IlCLjjZz07L+N\/bz74Fcy0CzoA8vICJdEPE6rAvSCAyVGTfBBp6uLLFmlsANX10UdpdRkdMc0WYOu7rpZH11ZWo\/WpAPylupQi8tA0PKNK+lyMtxNQs0SmqD5Nwm+Osq0YwKObrF8QEEbb6T0ubYSGjSGT6rZEy70Qh3dPlgp+mVBjbXDvIXIB5dtXryZGFUf8zIufUPi+oNyu9TFDoHgHhbw+sAzFGaIoU8ef7nDrrkCbNpJdEb7o57gnvnVrB08Vo\/T13LJ7hawruMBEnIJaIRn0zIM9AX+JlWf4b\/+X70SOmVP7Hv\/va4cwuLlagChP0JE8lcvurhUlw0bT9wJ1YoxyTJxYnwr205W1B4p8YHc\/NOyF7MRCw+yX\/KcYnV44aVLgH4i3kWgjyjGoMhZ+Yb3TgUFD4CCmp00SehmgGnYkWifJmR1B7GfnaxDaM7mMKaPkEpN6mp3x9NdRvMaIS3C00eL29DW2Cjg88whON7tkfABOuUIDp2\/azzDiFYDInz+DPIBgQBY+NrRUi1j7WeBwzPOElXIc\/fsNYjIwd4mvZl\/L6Y0nhJBnr9Rfh5g3qjvQjmEr3OJfiTGowQuCjt8h+0O7dLf27fT3F2lQWuYKsg8ojX8sozQXlOmqBMCLrV497tizJK+9648axqQxVJ1bxTrHXNxGuAJSfPJaWz\/W8KxU3Xj7MnUpA6bJjFbt5vd6\/oG92PLOGu0pp\/RKjUT9Xjp8OFNPQgZiU8Y9J4sP9rXmAnyOkcZ1K0g\/Dcqf2ZjSGKgxz4L5\/3BQd0Gp1ZP5D7pPnSY2PoffxOjER5GOfW97kjocu\/65k7ezY1Pi+aDehyLG4ajVTNA0LCTFdGRSeINgxwgPrYQx9Q+ngT1nD7AW+SfKba4eHfsRBQ6eW\/qXA3CROsKfIwwQuzXD4zCduO\/fJoUFaUfQUnme2txobiPpWFZcz\/yZzH8ufaz3CQFzp8rePWUG1pqYFY95wdtJxieK2Mzry0W5f6JVgLhRTKmv2Ilhqk0k5WYrwV5qB8iAXscAEscETKrMTMTPVfM0v5VdTQSOmzyH\/MXyyxJGi8kVUMGkVtKQZ8S8q\/Hu9x3nuyaGm+uXUxEQA2US3Gir9e3ojZ7aPCEhYNJjPN3CtTC8bTn0GtyD7zYLkZifZ3nH8o2U5e54c7Zi4rS9AJEkdIJE5uptXMMwQJInKIgerFU\/rqaAkzZ\/m60tdLZduNHThqSiTXuww+n9imrHvO1jc66\/FIvMqvTc81cU2+p4NZ2Hr0UQCqw8xxB2umjmrZV\/PEDPmV5c86BuQ\/4uIU5kuFJgysG0PCn95MHjEhhbXSP1nZpqmXXTHGTyAoN5tqz5ulIQ9BcvaOMDP4kS73QsZsehhresmiDqN5OxcqtiMq7mZDJkQGWjT3jFYTuzUpPjoF5SvuzENzOrcm\/SdS92ApFZZtlSdNxvNzkiHkfGbEafLJYy2iVxafXwahq8XWPoXLJAsl7kxCwJjAkoVW4qPcIG8PHLOPtKDehuKZHXVKAsSrPqQuWlzU6RX55pive+2shzr2R7GjOctEJKpdDYM+3LgqXY3i0n0FeHSH25HhtvejDQCbONNhQXRkDvyNib+35vXCxesnooHa4KxjKCX52Q8D\/PC1utjklfkS2wjcSA\/f1cdybAs9RUHMYvm+iOkhp1iCYtC6EuyFSSSfChe3VMmfyMuOHTbwJfKvTVkUEZ57QMWJ2Ii1XC1Xi7UOaaeiT9flGaMyPfD7BTF8ommvGcI+I0esdMsjFy0ssLc8xWWU5dDYkUhORfUK01\/VAf+isHjOvF9PYPVX+pCNO5TFGt1IULoAUtfPLOovbKP\/XjbTuiL4UIST3NjYs80M24zI22\/xJSD6yLVtuU6d+MunyOeH8NxFCQpKWmzH3vxwHr+aJeK0LqG9UTW9IuTGKV4jYkRBh+Diw6Y9+G9oQD8eEZgY\/+mR4Zvc=","iv":"34146e7fa17cf1c9d46adb1ca085658d","s":"dec44121c7bdc863"}
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