China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
Is China’s debt crisis a ticking time bomb for luxury?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors,Retail | No Comments
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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b\/d4SEKCH4CX7z9KS9W58Gg7WTkvNKhUCL2FzHvg6jzDNl+st656jL\/9UqQBTdqRuuWrjGbLtHHfJPVhdIxloop0L0\/AUFQIgWr9cXtXEIHQbYzXYy4dX1SRjGGOyNsrhWHLZaBFoDI0EKZW3XqbyJyUZV76sKUOPijMkSDcANFVJH6hbP3UTYRQu9Zw1f2R\/Zt8IqDIdzP+GlIuGlHApDrolSDkCTS\/08OmwkGg7UH\/wzgRtmCQUj5AeDisae\/1Qq8cQujZc7gUmJsGb6OjKgd5GieEeRkBc3SMN751On5A9eQqgcK4cmkl1qEpfNxSayAKXS4WDTIqiCsg3Nvidxba+g5Y7vfBBU3V7hTWsppLmo1Vx\/BzjZkVNF4flweId9B\/GRY6mK0QLI2XguqsUxFFGL0Gtqd0GR1RZydej1AtKUFUO9HVemtuuido86qbFh0uSL0UZ7UzpJ32jHg13e2bMTIACT8iyzXhTyQ7OXxiIS7YUgaRJh25axLzl0nOnWOJ5fWIQ7g5SXzo\/MdepyN06SaDgyL\/WRt3uHGos+Oi8AMOY1YE1XlkT5klwylZoN6WIFq6woW5+CVoLZQGpr96VMrHjVy5dkhTDieW8B06PlDFGpGEEnqOZ9+QZeCK7NHOcnDzFiIsZEfYOcJnl0DQ5TMLUTijyz45wUAg42mkLYcXI062UYc2C5J18sUBsnEQb9LcuAslwc+yurnTds3KilJIKbbimQbpHGsowaQCBO7ehdAjQzRzbKG6oKbMZTAwU3o3VM0EV9Y+eyTXmrydAdWj3UsKbmV+q3i4Jsyp\/IRBfWMGN7jBTJmEF2kTORCMeRxBXbOqtph0FGkWPnAPXtzSnUVWLf3AqRL3Y6taAdDTsWfksAjCtWE3XMwhO8NgKU6jwkcC8KT5FqtfgGHAoN1qTLnthpCw418FFIzEWU+t6ozoPWSvBCJmd8m0TEd+D1ocKh8eZIenvjlA3fatxFruXFmiEpQIEOHH\/XouhVGNiemd7SEm0On9OLxiNmsOiJFYY7vgWr6kbOO66oYiR9c6eF0h26m1x9CR9XaAMypk0zUSkGJlM9JE77+Ge7Ge\/lVmIfzGvc\/fKuOyB6zitrxR36aEFjpxBmGKmDZb0iJqrzrqY6axWwOBPIbSVlgtO5Mf3kCtREB90i3D7e1c8lIwKK63DFqBlnnVUjYWAdfk6AIGauw0jiiuX0hAJkhF1MHsw9LnLXobiMni42EDONHW5GbON2dHrhomHVIirpfV0MbMkbPWHYB20bSaTOIeTLzyo8mNsjqoThkbocoE+K3s3vzwvvh5MzCMTIFTlIOly6uUuckYn4K2tGCiWUEcirCgDnR\/Ls1OwfBDcZaWXsllkJHoRpv53XXxw6kf2N9f222tQJZ+vHcudgDKgTZEfa2qAZiLzTPpSynI6Alc2zmyIDpuKcajdMCGu7JwP8JT7B3fM9aBwq1tFSJSHMKd\/rck3HCPB1ilgZfx0LjKsz3bqgSJk+8kQOk3D47F27X2iskUNH+3moMg5bYQ17VUc1nZgW4othxO0S8aK9TwZTGEtZHFBK+o4ywigfG0cCsirbAzqVHV\/B0XaNiH7a5e2F3ACa+nN+coTvUnILVeW527Zy8WHx6uY2V1Xq8Upq2oUnGyVOnKxrKUpAZnJx45BtkXpNZnONM+8bdNz+dZ+KHobQuMgUWIw7UgP1zb781MzHGT62fS\/DOP8jP96mdU354zN3Jvi6eEZtZJ6IZZ8+BUHYagYJnoesa7yShkYYWxEM\/wk9InlTxH3QaWwwugoXoULurhemP2+V89OT9ffjG2eAno8Bt+65WJ5L0tPHVjM++JqWoypxH1S3kwMPpwJwELpfPfnPx4E4EnsurSTwz64LQiTHwlqhFhvFuMN85wnp7AzPqWqsGy2B04A76m7nHiGXDirT25Y6eYdPpy\/SVgTF4s0kVFWXr1bpewspyAcHi0QmjG0g39+JHK3rHPicsF7lXeuUzPwViSBE8NJik\/QtJs8JfQV7bWL9QWNxThs2KCt+V7q791FY+4\/VNx2IeS6lenAb8i3saasexRbgJofMFMT1gUjaEIKd2ZZE758NrOdRTfBWoDijLanQrdyS4zDTok\/j+n\/AA59mFN3tenVbcKSkePdw52FiqouVkmPe\/IX2nuV\/dzgHtAc+9KT5l77ClX8pz3SAKLZNqMg5l6G622G3+GoiJDL7xQxSx4KamosmpPHFz+M53Gi9S47i0IeCZV9HkFoWtZUXYglTlsNHHu\/ibfhKbpr1W3GiBYeLIAO2+bQ1UYgZaXbNplq\/gv2zl9iBVVBFh0ZZemCXfYhJ4bt9FqKX2v7fgiI3y9j9kL0wWe3NsqnahzRpheHQAgIU2qxnnXhytxwnBT2KsiFGfajJWjr40uo86NO3eO6AmfMs9Hb43XFyGhZikDmXZFIM1b\/lhbjuddvwiXH2icxqXsDhzvpfoXVq0oa1mtI5r9ymokBBuwi\/sWSoobO1a9Ha8qwprzsNG7XtZJL6DNs2XPuy9ywt66W5FPJAtdGEvOhDMGo7qC1EYai4ipOxOcvkdkHRVeRteufVox9oU1NStfY5n8hf+oJ3cHY8WPPz3vU3y5S4rNNJt7r6R9ToPe+4d7eEs5ogc8zoC0G53aLPWjr6SV1uU+3h4xITuMtbWIOJUSB2PQG5heSffF1NjOC2KUA5Jm4zesAkoS1V\/xK+nTGLNYweArsBNSbgXX8Ap5pioENHZGwV7dFf2l\/BqlzgpC13asLjKIXbobiKRlQvjUq70PYMDdGWIMTtt7AIBH\/21adG438\/NVTh3rGl05+FwbPKo6RGAnYMFLFjstmusto+PuYcNegpZqgin7EyhGMSvYI\/duQODKqGmSAjoigfu1VW\/MXRVfFMgQCYNVWhY8imV2\/77s0IWhKnVe3l\/qP6hQ7bALMT4ljM5FMLOuUE0HR\/u7QJl+kV1JEkk8YWnnlHYPaCw0Z38Z3SjxWHS98Ki1F2w816WpZLYvpW2ZlHuFO2r6cqHbszY4q9S1iighc+wLTYL5yy7n0pDN9jnwPpG9mBD11kKfslK7IE7HU2PhgXXLQFu9xVaZQ4+FVY5TZE3YQnzOAcOI1ZM1j\/WDM0pv9v9KcFVjVNfvGAZukoHjRO5kFErr7k6hSHgS6e8izrEy12pJJGbpWJhQzJqcDISjYYpoBj8DIEWntotcTjXWckNDaWIiA0hpgVurURvtZ2i+OB8IlsWbPDP+WpQm5kOe4KqkwtO8\/RSlFV9Z7td0GS90FR1KEXA1Z7F2UYr\/5fPLmUTsjzrhBIBxDmUEGUaTqESDTNHg3lE6qBuMoeyIu5doKjApBL3svbl+3x6paSM8m2i4yolXfzJspRJuifRGyAEVIwCHr79vNMGVsI8MzfbfOQeDXVqqkA0aDoZBsskUomN6B\/aj17oQfwjNBqeyxQ71fE851OI3oxFSeGN+FCQrzpAAZ\/g5LJVTWDmt\/dYIukGYWKAYrLM3+kMS2iSC10TSGNYgsULkrbsJTQSpxcUU2jdDJKZqXzE0TYI4E8cIn8ZfBZvdJ01XC2T32cSv10lX3LjuMMn5xDP9tIt024KSP4u8FucrY9aLGqWOfCnHE9Kb2wlmCDME5AOEQ9\/3sWY+LF6WRiLGCwJHrtVCVjCBVsMzzTGIZc52NataBa1Ix33zkuo6uZW2puwJSKuCKy0ujk0N2MEEVunjoPMpliKt2\/Pm3u83FXT6CxRiA1ys+tWKcEUyHoj2EHC7rKH2XJLhj0bqlyr+MaxqIS2tHs1q1zGf0YvFmQX4qagfj\/jKmdjS2r2QjVI2pSSKQUDdPNvvUUck\/eiknMMPJbhsvwqyaHxdaaRpizx0ZZeD4DK6CBxS5otQTD402pYfkQ5J0ZxhUDYbkdqNmIYcqztvAR1vtK65PkCwGqWR478uKuo+CyAzwzGcVfMFrM3MDSiSK76VCA7\/UlJvmfjfEVPSbrZ+wUoFf25837YluuNJ3nZeF6Vjy6k=","iv":"036b650627df6809c1b830c47e51b533","s":"c05867acd663738b"}