- Luxury Daily -
https://www.luxurydaily.com
-
Mainland China drives global luxury as brands downsize in Hong Kong: PwC
Posted By
a Luxury Daily columnist
On
February 16, 2023 @ 2:00 am
In Featured,Industry sectors,Retail |
No Comments
China is expected to account for 25 percent of the global luxury market by 2025. Image credit: Shutterstock
By
Julienna Law
{"ct":"TSbvlITvFMZM23ICXuZHOC+IDqJd4nqoYPHN8\/uG56OloszNVvz+hBtrXpyMuCPM4zvq59\/CCUI4wBpQi8ofud1dm+cvCRvXHqyJVwnrj9khx35H1xpS8BodoVGUzjA4MlKx6YRPkGypfDoXkuvRnayOdpk\/D02\/QjSvp0PTD8\/niumTSp9yGyWIFZaZm6fGrdm2aO7gFD3YGq4xAXyR5ZrtZrLX9L5OqSGJtjKIL5d0JMo5hStbQJgLIOZQpKH5u3xfreQ1jhfEYV9v2c94Lq4rlLlc2KsOd0AqVSa\/7JtmTIfKDIjimjOgYP6nLOriwb7H2Yy6lvAtMR1Qv0h\/HyzbTwJyFE3Nr17SaEVvRPyLKocUEGAmE9WiqGdlxOVD\/WDHdu\/8H+viagvwOSY7Hz8P2AGKmcQ6Awv23ewXACNUcLaQJii7iWrffjUSK+aBYwozJjgOP8HedBu2gYMGkekCLczCPIMQ0\/nLMr5opJLWoTjLBCx5S2Kmdp7k1kXEUZn1qT4eRkKqvgMltDrL34FDJlB0AEuYoElqETeUCClrbtT7mzFh83XbPgMRvfxRCC1zf4\/8rHr1kJZg11BQBm8W8RcTLMI++SCnE2L69fzsV0NpQR6YYAJIQm7Wk12SRCOYjGrVIctEo8u21fKswtNWw00JfrEcKN+0+qPYpeXs37RvnUSx8HNIzLJwUrm0zOthQ8NkVOAVtAQ6zywuX5VisnN3EfddM\/vR8B0EDilsasEtooAuSsidJjDDndqn6yw0OsQbSydmF0TxksC5A4fRSDwKA9QtyF5iCaBEU9uG9ClOFPjSZcFyKUXqqFsnSlp6Z+3GX9twUA0FsMNfIIAyLmkXLKUlKtqis+PfcTXNFGS+fjX59QL9WUnzQ\/iAy7XLNMiX9Bg6vyadH92UO8S5+twaK6Py0FawnLP6CZvXRUGzKa1cjMDynYsSEbvmHc2pbwOV9vDXbaF5KW\/JwvJlVZ8zGU5I\/Hie4DNXFzoom0KRGtk70P9Z2K24BfaPhxIA8QhBP8mGCFOojH16Tntof6t1YNe6o9K2P6OHeqCFzFHjZ7eeKSHBV6cAWB4E4HDtUlW\/HgwidalkYEXHwNrV3lfdMMyWhwZTyYWhuJxwkTWLj3RnulSaQR\/1sjxwu3gzflkYtdqAL1fKFsM4diliQCraAjcF9phC5Mhlwebsg7o3f8+vew0l0py8Fvgt9OQAjZ3UGDb5J3ZmuCnb+vI5bfqyOfsGF9tkyzlP6ePqS\/\/TlO7XUydRhgwIFGyIhpE8jzkExcKa2l4Wda2kvO\/U3M6+oEhSbtI3RpAPENF62iEPfsY0G8QQlGYAzk18Z\/+G5vdDf\/v67vMPETfIzqPzmUMD8ZWfsVmi0Q8oXi\/3fLubDEse+LTgNQXK07TNqSMW2YBrQOqIN1xEaLILl78qr4Fgp+Nd3MN2jtAVJiupXY54aHrLKGlHX6R6Cr23MILnZxA7C+YOtKM2xLbdjX8rnbXFZErL\/cDsluDDKLzTsyY6UM8NbJWFlVaW0PG30jaa3a0OSnoCT5T\/fliW9JnKKCTwYWCtGNZVtmQp9Z2Vdgeuqw8x3oiVBMPv0Z\/v6FoA3dQdLBNUbjNDekRUlOohYct+IiWGSpls0PICtSejq1xcSCjQSirIg9GMbOvgAOwsqVBA2HFSvPL4eUYKSGmQZVD\/juHBrpXlaCSyqBEHYb+vk+BJnEmX\/sHI2XgutHGu6z5Y2iqaipL9Qwl4n1gkWcEaM+5BPR6FHQ2xTR\/oWmXxB98GXrR1dXbzIXlPhZMqqHU3PsBoiq1USd1GH0zLYU4+zR\/tveRGRXvh72LEc2dwtE6cUFZIEll6vie+uNCXYD2Q5W0MNoThAuoiVq5JChtDDH\/6+SQi90qTCU+XJRbeygDi4fde6Yq99eYR7zzlS9bVvEk9\/OgZMhHmOEg\/tISdZCD2RfhybvcSD7Pb9jqgGjkKIYe7CPcP8L2NNNOmdnxxpz\/XP3RvQJSb3bsb5oclbv8wxTTpoWCtL44soiQWs2eAuz7hmAInSHwr5dBDxwOgn0ZaRoyIqkO1CCi1AkOzHL9Z\/HXiqEi1+PDA07xYX3Uq4TAn0Ou09np8e57KGncxClagVRueqPl3xuKeySI0+KF2I2e\/xwHpUvscPm5AXCg3jS+mkPcMnmWlpbYGr8FUnJG1sbaO3BtoS38gzHwot1dUr49nNH3JNrSAs2YOxhdvNwuoT8MC2BAjaiaumR9YNLr1mHyGLywcCwg4vyNxoKy39lcvWHsdLtdJokso6JFtr9FM6YfKCoNFk3ccyEVlXgtd0S\/j5uGaFaUVZu4NBGVP2Yc8Aht6yajSUKeXc5fu8YKoEPF0BtL9SEcen4eULRovRTWnmbs6H7cVJwHMZMwLVX1Id31ldgl\/k6xz\/+pF4JKyaE7ssnXeYv1hNPC9TQeN8+xnbw36Cb3CQYylL8rG2ytYmXBOFR5x6niJLAUd4ojyP7O\/+MnvkhLl7Uh2+bjBeFt5s7yJzPH9k9z0EBJ50pYW93OZKJguyqVi3YNkmkjd6r\/CFTGH2hqkY7Hv2Dmc8ou8ewSi9HUAW6sHIpTJXkPCSL5ikPpKhwv8MlHhS9nKXX5nBlmzpFAfhMrfRErK\/QSM17D5BG6kb6nYUDlyt+uFmnZ747cpHv37coj1KD6B\/wZEfqFK2MCqPfGOROhUcTZJIU8k6rTLOn9D31TJ9AQ+IcyUXthPeVxnmL\/qU0TiGAYHQv6XbmWPibLo8YC0TrpgGZx18lyt29A9n2t4M\/ODwlpWhITm4\/6tpREJZ9rzUUYHKiwUD5YLVy4v7tVbjA0KL0TGYnYygCRs6UqystltBwUO06EyRRN4U2KI6dNKIPr1gEpRWBcZRKu0rJGa94IZBPHSyYyopYeIWw1QjkeQycK0Hy15xoGiXcCIM45XMFqrNIBL+XVLYAunuYzCW82FuwN8en7dC4TAaRx6z2nDuSgEzVdZIFkJZe7cGGuvTKVdak7Ebo7iDAS22HU+LTI9n4QSX0WB6XRVe9GY\/\/e4OIQs9wq6wgHmy06gCMVKL5GCbpWHJ5aSWkDVWuVRborsk0jBjwJNNtBB8iVV0eKFbvyXfxOOGxMU3rrDQXizzEQHvGnG6FOqm+of3nsehmRLFhXW1R+emJv+CrXtOWVlrVDvg9Ny3M1QVca\/XWBvWVzr9pILAfXoPYLs7\/YGsZ76B\/sfNK+8hN+W9VOCx03Q2ZAmEwCUfRakq3naTYeffr2FG45nOWxfxUJ7q6lvM1333XjVa3MW4Mr2Hpmg6MGfc34\/F3LFK2kGKRu3lgboyYyHoo5ugR5BmbvjCqS6nAzXrQrDiZ2sNuQkY9kHQJAuxU1VpqtRzQNsO3bOzVb2FxfStNZZ8ubFuWrNu0KzFHAsqNSTz9LhaFxSqD9zFJenBEtO3871eYCBxH2WqOGEmAMLjFNVmwBbigZDc34UGtnk1Pvb6Toj8kVbosp8R3W6gZ2v\/DD1ISICeuQMtNgpxKiWpQfrnc7iSFnTecjQPz8yq3nzbfNb80q5sFN3zKOpCYGJjL4Xf3eGg2eFFLu4AIiDg0hDDy6ITZnAaY2Nlmi91vdbu6ySm6a4TMGmFoijFIw\/fziw4U\/PSOjx6Maln5Js93jak7bzMZ\/aC+D1\/UzK2DZbHpc090np8ebG3tvzAjld1Reeaqkm0m02EOe5XboaEvt\/ZE8d0Qt85nqY5LcR7aKwGIcckl+Q\/LQV9JSZwv+5aGXu9n8DvCpoBrh03kmOIp5QpsJmAP07zuPPhbSqI879Nc3xQcXkw38EprlaMh\/rBgstZULlgCJ3qLFRjJamudg4vIFgezz1wsppqXUm+PaG4ySTH3PZ1cdUrQu7ZQ1eeg4IOfJLMWcMZZSmS0gaLAgWorRS5AfyEqtD6kqhaYK\/HQafk3TNEWZb3j2hD3QuvIbKuDMtRjg6dgrqD9Jy20u2FVh\/x7Ef6okbMVaDJCQ910vXzucwl6AnynMG7bRWUKyvt+DLRrpj168fSEOBNIPF\/6jLXllB6hmznmAXQDahNy+a9fvu5a6OdZpn2PK4w8fecRteGs23mFvK2TVHXPy0B6oZCx36xUCDxDjP7brxvWGQtS66iGrOV93mPEF4EVmnxu8IORHzUyv8ULSTJ6Q55HXZP2nhU3dYVpqoeQQE3H\/37PBwQzAV+L2lYpIP3WPzt+k+F8E1Dm0Td2M0QSu66aoa1SXxKnGyFQTm2S5sa62FEYrpPC0G7mACCC2PTFNazUNJ+0PBOrCK2vpKgwyuws53kRL+yQjLQAZ0121V3dt3GdwvGM6dUBjOlufk+TXwxY\/yYALyLFqAy\/dLfFN8eW+JQ\/4xTff2iqSYnZuC+EAfWwrVDgdqiXwGwKHZSmZlqi8LebNk\/ALWuANrZtJjRzHRwBVpI7mH2Vwdh09Y79GytDEIw387yX8VcCxILWY2hsWLnvwi7+8bX4CybVSzpLq4oJ8qhHeBFjRUTocBwW8C3Z5Y80JXoMdCxRMSBLlNV0cdHPLIJCYEet5g+3ImA1h7WydBgy8a0+rH+X2vUW7yldxmpel3o\/HA0UB2wPxOjdwiZSdb6bSb2UvXtJkQBroXjoRKf0NXYoAj4GJjHERX36SFSn3aNgAdLyK\/TccU7kl\/urLFvPmd1yCsrOQ2s2qtDi6hTDCWuk+EoqLg9cMnlSeK8F14hA\/iqs+FBJFb7Vypwz47jTPN4n\/puKSm9UXtnps+gFG6TYPUDWceg5eBgfrfBt5d4tcRydAX+HLZBRthdIO8F35\/K89x4CZ2Em1PbSgbm5M\/6I3DLk+3+9Ly3whhlenCcv5eEe2jkczVUOQr+1KPkzN4icdzaoM2HdEI2tSUugLO8yyTTpE53LzNLDuRw5yE40qT6g3\/ELycWYNgCUh5UobVLV0ZgFYx2kGPxBJo7XmlvrsuP7XaMgVfcM1FAmq\/SXFekzv8321R0AMoWDaBQCg7mFbKDb5jQMQ5FZyYCOWQU21h8kHeAav4VYpkkXDkmFAYqyDa9bT3Wrcfwpweck1qO5qhqqFCw1l6nK8tNfo4SBGfcTJoB0hDga1\/0DT6pebsTrc2rVQ0sGXX9H6M2pSeNGEOqmXGQVmtqzzqr1Q+ODCyNr1mbAvgScTkDVX5WhmuXaX7Ussn24aLkM5wiNUfC0htPORrbfT6d5gDTaZxfKvWhVhMu5U209UUrSvaIfX0\/dhrzk1NkcFyuBnrpQoMW6Dpio5AGVgE8csgjIoibmaAvr9fOXMsCuMpg2GVtvl\/sBXsk\/IVcmdSo7WFFbYuVHUmUTJAdqyXdHV7CqGR\/btYmEn\/0puTN+2tloGLztlbLkRRfxEZhYkOJlQ86PdVfsErw6WenfhB5RbJcLcpP\/9OM0Mf2bNJvZztABX\/d3saMAcEP8olgkWdeH9FAlU2Q78wlo8aQ6l9RCntViLAyY\/zmBvnhqgvU3tirR0hUh+4\/iqvA8VlG8+XkW1ONzcaQ6vzmnJTJB245gBEoY86rNsjeSN2SNxXN18S8cgDJ2OV9HjvjMYY\/q9k2fQGbZORF2AEprays92ZSyJb1gZLC3leIKaudNoF9Ulk4PQQ5HdPtyTLfhT2oLos\/xo9B\/CrN2ldJkX3efbsn\/hU\/H57SKEG+hvYd7tlzV\/K7Myl+0VYYW7yuOJ+6lsLUiXt6qk9jF2D3tY2+pQ1GXCJLGFxvNBs\/IWnUbgojIeRjUJahUy\/qj3laoHnlDoJqVwy6UaH50aNgPSGU1mM87FgoW7\/OS39Iq55dTdIVH016lGwrHGqdYxkrN1MAajwJNqQmwnoG\/tti0kOkXDa4iSIQjR6Q4bpZSZRh0UZVQ5fhJIi\/Vry8QEh2\/x6CcDyL56Srtp+kFxCdO6T2rFL92cVVC5IRV0T53Cw1UDCX9MlTg98RNOaqGr+d3cmO3p+jxHwQ3mxS2SML1XARYPOZ7\/mBPMyI5msinlfYgyRV0VEMke3p+cKiZ+jEgJSCqAkHE4z45PbGy2+Y4cZORkFDY0tpogIEvZbdiKKsGQv0lKhfhq0raX06NQ9u9XkFzPTHLIBJxNPEQkfnwZ2iSXf9+SLqaucqNZn0+LGPLl73Iirjl9eHphK76YRFyySQGMcqvlGLaU6VWB53XKX6slvpaahx3fMnu5sydoePMu0AtDZlfZQqpqO+a11rlUTlyManSFZTkZGdFTC\/TBjz9exZv3TIS7Wmx\/KDzgD+Rk3WPsJnpG7ktspe+5mVpWDsSh3usjp7F3BblpJX6ElgZx1v4fQBU7cEel5RUbbIfPV+4vYIhbIaBp2yIOLKf39imcSfN5nGJ7AfYF52JTGrlK08gVvuNlwP13Mp6J5MARrv56NLLZBx6V4uVv0Rl0zWpT1t3arrpq6rhRoRECQWciiLSkHdyrUP8tiDa\/xFViyHsS9Hb7zVHYZNZwqw2biefXdh5rzxPb071v7l+3R\/aO0cjY5x49\/\/k8rEU1rYGeN9EF0y0CeFS\/TIwPv4dj7SrUJuRGIDOBNkYkjibYB4NP2CgAoea5dIqxQiRzMcMd1LCXM+bs9\/y0XBoFUUuTFWndJTxFqI4pmAD7XbGCPLjMSPp1UHbJrtpTszcUJ2Q+RybQJU7pNC08CxO9SqLN8UYHSQVsx80Q5SiKhBjinyMWDaNsZdPV24trPIvq+VHkOaiHI1Lkm+Sun8mhpm94toPzWX5CEvUcUlcT\/RK4+G4f2GCIHeeaEy9PQpPB6SSzt9wK9NmjvFec9s9KSxgQcY8LfcDdN3yCgocV\/nMDXIiJu3xsNq\/1KGwOdz06LlcgHicV4uW2CdEottiEocc1bVZqvBwNdPFX5jLzi4\/B6B1AuIXunzOQ4ERA\/uYV16UG7csuykRlqPy5Unf7ttSba4zVJNdcApQXF7CiAeebOwkB5LeyVd8EvvZ18Ig3qS6o8OmYCHhCS2so51wVJWwHy31XAC8COMH8UpHSZSGa3Hpwjxfla1dtkvaWXes0Z5g==","iv":"b2bc325effcca3050dd17ed24c5126c6","s":"cb338d8fb20c90b1"}