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 Bya Luxury Daily columnistOn 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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x3UiKhxIDKrhhs++3dDpDgrq6BObPyYaDTQZHJbnVG1N0\/Q9Cxt77kZvjOdG71pIFvngVF3WN0+MHnwiutdBzSH6ODhj72YRspFBck8+Z3xfiwc\/LXSc2S5eqBUsF2+7OWpPKp+go1YndYP+fQ8RsTcTO6R1QXsI5\/68O+GSlVwZxyEMN\/KeUthJBWEyFgT564SsSRTf9Laadu4qeUgmNRuq5\/\/dLCZBAppPwY3vL6D5soBFA\/YKsFkvyKwxdE6NOdA8RUtjXz+AKFE4MOC2+r62irCwbcy7rNUZTygEpSYeCUhZjBnsW\/YiIpgCwT7WedN31fsAwrao5ebl11rtO6ePjMlKTp3umoCbnQ56WNz0YQ5GVS8TqEMwWtAhYfcBQ\/VPfC4u\/0B8lraop1Kz2Vh7z1cZswIWrZn2fg\/exSEKw2g9c65MPt15l9r0DwqHW9OJGIQBu\/LJmLBpgUAGbmY3vU\/d\/zapRl7HpJjsq7NL8233x0pYwFcbc8qGhqnS4jRov2sccMyCTwNNx+vCntnOkRb2aL3DsRy+su+53bckxF6oOca9oZQGI7LasnxeGsm1dgpw1BWLd21qKzpdm9iopuO4ZMV+yHAh6DRYc5ChWpcMW+m4hFKTCUr8bWpppS6i99zQtGBlVynt+9Lfw\/XWjUDlBX14ksn1gfyLyaB\/0QQiSNtJBF1ABnYrVh5f+xecN076swQbbduLtZgmVeYZLchf66F38awo+svIAd7TkM8Jdbbos+g0JY1Z412Q7a7MdAtdOVCeBYkaO66zapboziop7X0VehmsrXEypbSguCF+8reBCm4u5KQXQYnQALL4I04txz+jgSMbRrEBtJMZXig9fP1syM3mGSDGw83GbaIEbCSbkgdYvGGDyPYPp6dII+j8UISk+hflzaty8iSc\/VQ4JyyN2PhmbUvZJsx4MR+HSdVotC2xw+t8gJkLWl6hd7gcwWCCKg4SFFxXGLPbDrzv22abVOTKxaii4E17igAoAUR9IqbLYkqtIrKyzWWeFKgjNFdIO0u2cF48NlIwCFBsi29\/mDPagU\/9n2ospWtADvaRrr1+fQKz1S7acGgC32JM6hF4CQKwERsxQ48pdkSdlR4q1pIwIodLuc5DHf8Px4QK+mCQtLF7Zb+w7HL0MzTINGGCmw36d6lzmiFp4ImVi7eXP1DQdvWU2+pf+4J9DY0B2lhTjtSbGk4+\/4M2eFKAtfEoej1dnjoMEoNhg+nRiqwLcgd+Mvk5vAo34d2RHnWbqWsc3O8NAPChWnjHsXLwMfSt\/Y6K\/s6TrulpPWvDVkWSwjlVP4eVmAWxRE\/PU8MXQu1JQ8rveOIHm8AlzLJCLceaAk20jvR5ovWs7Bx\/4tZV0BS2imu7Hdla+RzZnYK9k7t7KrICdmrQlG3hXxgoa\/UDq\/zsSmKaG+P1K8dycWTwlUwDummf1x167DeQTqzSoDOxB50xWG4xPjjN4BOj4cIF0MhzQHvwwFzg\/C3tBbUrFFHDd\/5dYgAYHHQvcVrCUlKAaUNvVY\/7Qk6MMK1V5y82UaTTWpR+KpgS1qhFRzLGyo5DFsR4WERGU+EBPC\/tLJIoGKFp7UHnw4fS2YQyQLPToA3TS\/bugTmX5b+K5KBLzQP0NpP1630nH3aKxg5T\/kGaBjQn8YbRI3pwal5upl8mbPDj23ifZRyGxT7Cq+8J7jp53tSWvIdnNG0H1w6SiRmRybcOrp9OVuXv\/XZxFJmuP0GyiAevs4Ugapvrqjtsf0PWEGm56C3WUd1m80uU\/j+th0zdZOmdVOSe8nGtluzaErWVUzcZhuDktNHLbnahLnZ0l0XDLp1qIbKG7ePxX8DIJ+a2GbpsKrPui+bQGl8MFh0EHGwT8a7Qb4lQFBEQvRKt2X1yYDBr0GCwd4BAZuIYzeasihSrDPx1Y8pgqkmnXwBeunDJ8\/KCJnbekzCJkzfreeDSGL1EO0EjMZn8NjvEP7AlguiIYlrM\/+34I74ClD+nkSizqJH99JbCl3D7A+H+8TdBSMspHLeK95Bnb91BgDlw03tosSPa9jruvgLbS\/TQPoV5JiEq5WmsD64Jfzc85K2mf5yzEQgWNkaJSWnWIOXIjFdpQ8rO+6dp\/1V6mat55pyYUhevi9nSOoEX1R0jExAtRdQcaJ8yjJNRFOFUZugXGZUQ2wief5vOC3Ck\/qKksv3ApWFGBqjMfppkkAnZ5as4IGsQqLB33JMNtsmzOhGdyfXAtW5Lb\/9Z5MccfSiqSe+5354L6NzU3xiU\/vwrqEiLXfCgma7skVllcS5Q6+X+blhlUD9Av\/1DBdq3d71a+aJXkLJN2rYgZvct7vC3ROzee7FIONSWBHqdm7pIrzFa0H7yLG2TYQoyhvAWIhxccenFyjXdVRdzhNhAYL6PgMK6tAl1i7J7XymuPAcgFadknSQo6U9BnkySXpqx5JfD1i67UFY+bO7DURMOr5G\/iegEjm345PF6A8AzrLl4g5wjguhMhV1JlK1HbrCd98hcgTMLoE27ectYFyoyzRULWk4uRVHve6IE3zi9fCXNyLEALWyoiCRFDS2HxP1FQEJ05FvQhZ5bol4GKZyssiibnJJf4BsYn5bQ0DGL1UcAyEFCvnIiAMxaTZBqs2hnKG8BbfGPD7fjJZGNX5Dc0Px1Hj3IeJKM\/fTURMaqbCVMsjX+fIqirCAw6yh\/fzzrDBBqQqjiyqit+sIgT0+rfRcGbyl+eqTzimxq55Ntn\/kNI7cNmYLtLsV5dS1o3y3ebIFl2eUvwha9HNglVMkmiVCzGoNKxfE0sEyh+VUn4BsnQT6x3nyh2abX1y+394sSAz8MfvjEdNr32bdKMbjL5gde3lX7oL7IP8WjOgCs9Lr5Pd0wN\/Xidjs4KAPAacC2pLRctbW+sGKAnZeBNOoY8VkDac56BLVMFaNxYvyJo9FW45oKfLjvFCf4o5iqQtBeaLPPqdgM5j1gP+2D3ey97U0T2imK2zGo1M\/7GQ9fAXAbqULPbgmj77\/wj2TyT3j1kqNzDrFeFyjSAhEVQAKVOdHdgh\/ELiOEklJKsy1VP1H6bbJodvTEuDI+2LThZmZ\/t5FfXwuVUML+rwS5OO\/f1LtXr05aeEFPH037jZzFROl6RqUch+1pqbGo\/aPWAx2Th5wDe5UImv2C0o+j67MtpcvLDOblpm4XdKoDsFyBSw4LeJ9Ufc4zbbyk0Lj0iXCau0kF20wKc\/fQxmFwEYa5hcKgSgB4ziBrYRHp04F53Xxe4u+Sq2OpQH4JlZ9+HAF7nFCd+QPcIJnuOwhehhX+5YPfw0v034kSGG6zbkcjdSzwXLParqvSh9hwMXUlQuM4DsmmTKlLNnEODc9BqzbJ\/GcIIM3ThDb8liFYIysef1Th\/H\/oV1+Mpzf0R12YCYyyjN6QIKcDI2+Kn4Q6FgioND45htCqLwFK7GO1tpxex0Jgi+kt8Zmpp6pHgdA+sefjT5vaqRW2noDv3SDwxeqGTYlF7YeDYRFy23kRevV9zdUVKdabt8k0dWKgxxchhxqkQD8XaFQciWScbmEFJ6qp1+REl6sTOuzllJgdarkVjg\/xeVCgT61pjBtFObcDXax6qwj8HJrufZqOqidciRAhfsHKlvihKxU3ZB5ru84xPJ4Vo8z4m01uUhxg3RABShKTN0UUH0IQC7m4p31zo4nJAyU\/veIhQ6nKRLWMniKJdv3yegIagFYHGPeXwKCvkkgqUbQVErq5to5daWJfYMpRrMQo4qIRiv99TMmoyYXGdKkpMOw63+hRTMPO0wcP3WI3NSQ1Dby3Nh2\/fLrHNiiFVGR1tElMG1qnW9aOTTDRZIkSJLRVmyRCP87n8boy\/0g4IkMM2YewKwoBoOr0KG2jC+MQDP4pd8Ic7IA+a3OmUaRZTOq9qycuIQ5pbLGUwwNadVQCBBtSvSwqJUNaiVNjoASGvSYunV1vdJGBufKgC36n2AQ01E9vGyOnzr5FUSMATTzey1G1+DYJfQf1oXcQ9ayRgEHUVHDkRxts43GsInk=","iv":"737190c074c93c1787028b01bdafef02","s":"8d26bab9f906625c"}