China’s consumers are cutting back on spending as the country struggles with recent economic challenges. But what will this mean for luxury brands? Image credit: Net-A-Porter's Weibo What happens to luxury if Chinese consumers cut back?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
China’s consumers are cutting back on spending as the country struggles with recent economic challenges. But what will this mean for luxury brands? Image credit: Net-A-Porter's Weibo 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Nsew6dMBJPNT6r3s7uYyDSkWDRv+dc3i0MjycHOEa12LwbNoWR+F8PREzDXXXKL2xh7gro3DOo\/i9aWogN0PzneUn94ceRMHSNn9VvoKnDTAI31yc9ProjorMN4qkonS55BaVkrvWGclO6O3S6OJgzAWXmaJAB4DFXLR59qBrdO0BFOumbdAvXQqy2hgPlbsFZkJQGvzbhzoRV++MPZtN2nE3wVk\/Q1HcJ\/2TOcwvaxXcgBq6iSTCsNH5+a7N6fEs1B3j+IqG3h4uDNlc0YnnD488ZShtKjUHj7F1E5GhBiaBro1xCXU6fQiHX+Y+6WeDm2EPZ97MSreSXxt6ih6m4XljncS8cTU9itkVV2tpPinG8av+WCMOSzuCS07iqC9dvmJ0IjISoSS5EVTKke0S+6raK\/TR+0gfEcS3XbNHMi0Ls6DH9Y+rzhVZPtFWQqaT8H+\/CgoKucXOVdDRS5hTFEQz9pqoFxpjITtkIrtyn6kx8gULBwRka2JgBrw5jCoSu9LdbpPaw9mNo8AyRTFghoabfXE4R+sK9jHjC6KrkJSXZ0L9mQ3zB6CowyfXAqa5t9WTn0Dj6R31L2YgjjhpN1YHxViMRZHYEK5u8K2QfqpausDhxRon9vImUvtZBxnVOWSck7qxLjHnJREFvqZPL2bak\/Fp0WLa81ckR0zPxMMOmYoh0wa3bEBsWFX0zycExSHgMQbaZXT6d4w748ydSpthR6yhPuPLBOBEDqL+tKeygrO7LRQyLCQUfwrY7UKXEBnhxTj5VjPAHW3Z7wI5HtjH3egcDSxVHbg69XyR+LzKUKKn7X3i+wIWQWOANRc4XHKgQoJYZ8hos7S\/GXTucXm3v4TtayaMl7gWRrC7lDTXxGDVYz68FMQsC84pm+CxqlYn2SOYgx7A\/2knIBiDhGXoAajp+KThmybQtN\/XQ1rbeHi07BaCwh2UWOfBfMcdQJzO5QVExSnJhF+a0J5Zre7V1PHg2tYAWsu6BsR1v2voAlzBi0lyBFHOZR7ccggH5xtU9nZayz6NikJsO4kDY5UDuAkz7YRMlCp+emCTo79CjI\/ddk0BPKKuGlHbngTl3Ei6xAF24OXCphiFtU7K7ebFaj9v68hOzMqY4slmgGpGraU\/fTW29zvScI2C3GvKGM1VGcZBrmuirodxJqr9eTwsgia7Mh4LZKzL3CZpyTDWqN8iB1rUrhmf+7ypBpZW3XTSZ4aRii5iUPpmUA4MwE+J02cKKsjC4YtEmxmX6EZFBibxe8Pl+oZZhW0pD4VtVT8GiNpOcEVkdDNOSOcjE0+yE3SA3ICKGyrhu62IX692li5YZbP+YsTAUZwyRE72Yxpugmvnhhg+ag3ppWVsZeL\/WOEwvmW5bwRmbN87GeIi3aH5QmqXUPvrtWqZVV9PrI7u9qBNMNIpEXhPFGJ7p\/NBkM78nZW3gS8O64q4V1A9Ljsl57Actx7UJSn70317OCcIMo5o8gFmYe6lCL4+pEmgXRk6mVdkNJ4eVVadFoj90OaBCEpOpKQkJ+9Whj9JpW96BdmLrpBS7jJDXscDUvblhrX308ygpVAmC\/zXBzQ0nq\/A3gtrRDU1zPvkKQmg2pB8\/C8FcMLw70lqDINDA3HEsFBjRyMfEGYkCQW\/f5D5vcjOvFhwWdn15Amz\/ZvtPfaaBUOxDYqNib3krJMwQlcvosqSK2dFZXoQMTp\/YcyyucVvL7wBJR2ozyzVJHTwtnSbq5cxwoR9Gt0mn6l0L8DjiKnmylE6JkHPOQ\/syX+HVy0GgfVTLrFnRkM7EY+BQNWpaU37nP8QALIDHSOsWBxgilk4vCx0lhDQd3p9Oouk9cSTj3eg+yDB3XoohnuDWKX\/bAxn1TiR+aGpGoycp5ZhDU\/rCgmFmqW5SjTUKDeW1omI5nHAAYzy9kaxxv\/LCRXWF7kJR2dUmF1k16OzinyCjWvsbBIkFDNNBEKsbE9EGr53XKS8kpPMnhmCbiSFcaDpsWGtpKtrDTtuxIgIG9MMAqxpn\/8Gbm79+noolbLNnNb7FrAad4tI4C9tCBEahidY2q8ugAAcbaH+ZqVs9i7DpY1e\/42V7Gn4ABodHKrQMLlqG\/P9Zbj6vw7hzbZ7EBzQ4hl30\/QSnwy6KSs\/9+5Z5mkaePTeLgS\/e8i+lVgprUXMD0IIXlAzM0ljet753dYs0UjE2z+luXfX0Ztrwj68JKyYG9PGnyXuX3rYSXWXNsMX8Sgn6wGK1Jz8FjWLv\/KDaNM7Iw03SNWt6WYGHDE2m\/GpaQV8QqY9pvr67ig7HdmNPiKnY3dNQJSPZ1QbQip3lXJkY2N3+H26elJTESxzMzRS27QCM2wQoHyHak0tn9bwS0j+HqoWnokP+dPWtw7jY2zmKl\/0\/dKQwkM692uCqah9ljNxQ\/sp3ryAy5lKZ83MuExfqSUZ4aaImJpRvgnlHPogu+ZXWNn5L7YMOAxfNNuza0RG3ZUs8kM5U1m20i3hvBIw0qyGDk=","iv":"426c7d4186042188a3793415525a2f4e","s":"8d78edb121cff5ab"}