Retail
March 11, 2021
China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Image courtesy of Versace
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JdtmnNORxWwjfjLBNCJQpalO1cAo74L0anA11MP8twFHghwNP5v9UKxsf\/rRsI\/3XTsF7DaD\/iNl+\/3T2eC46yL6otyzhG9yoEGMFJ+8ILzj3IiugLym61ARdp0VIkeuveA4dHGjVFNe5cBHqbOK9WZ1yMOzTJF804JEkp7JIpk6GlicYcn3tzaYkUtL3I3Jk\/NMr\/xhl+79kpBS41FrlXounlPFXnFxrh4ilcrNKoUPqT8vdY9uBx91ere+PCNmqkhGGL5GoWtYBm6OE+Xv5UlebLct60mYBy7qh6jwVXoqzvWDrbiacQgZgPkMuLX4Nv7x9+xrZRyW1K8TN3yxyYI1Js+PN6wydfiM9E0tbwtYMEPdR8bJ4JKOK\/iJX7TtvG4wBOQjP2LKq\/JqxnCOwF1Ophwr10AXsUoEBZqc3wqTRr\/\/DGxO3u7Q\/wW9k3Kl4SKdK2afTN0aco054kn94Mfqdzzoc93+QBZffXktFmIze4dUx1bLvAXJJUY1\/PKT4nStyrbbccT0EE0vsIF5PoIz\/xg73+mmED6O87xObrCMcRQWp0UqNnsjbMzypFNzvJlxGpF2\/SMja1nxu0hV7ODgTcRcoD6JuKJVrh9TXWEXTEW3n0JABJ6v8eXpJU7M4v4e+XORRNHmac+dsuIojGM36S8wWCdbTsrxjRaURKvSjNilSL8oHng5Fb3kbPFp0Stmux8K4juJ1X+omJvg7HCvzFqsdqtUnXPdLKuFHFumbHeDT5V2F11R+RpI15ul0gdM3v5iLr8Zd+FhUUsQcGq1\/OmByEjpr4FQSvKkYOwhb+OvHVkgNjMD+D6VWMw+W6mpZScI3yq0KF0HMDLOORwf8vwQ9DkxrbUedMe2ELh0sE8QXSqPh7GWyrpEWWTRsxFv1wy6wZiU8jhHNuI42P9TMZzB3IALJP8PQ4g3M6JNnuvRj2zTpPAiw8Yu9dXb4iO2MxGXpeSix51SdLUHMQGPZEcYgyJAYEI37uv+UT3XOxnAPsqQyEuCBmht1kc0ni5KBljZ7pJ8MdbjGvM52gBW2gH923EdBE9QpfNNFHTqRG0I5\/UaseI\/O64yfivHoQptK+rrvRScdLHGg86+GDB+z\/X40RGyltr+PBmlSaK14hEDH3FfRsvetdrzCYaP0mLlHOAATUANXbTJnJYCBeJZHxpSdJpFxdA3CnF\/8KV7\/jd7FKzQoVLiUhr87dLVbU8Mc0xHABOsU4kBcUVqYIPUSO2i2TKk3ZEWn40z13HYTF1ftcF1MnGRXmDBeLrAdEh25ESAwU\/DIgmiIZDMhlcXOaXsJO2OxIdj8q5aqmwrAfuFtmXMDTXRSpnYy7S\/YFWurB0MFefvagQ9YoB\/1XCEcGCYPkCcE6xKrnfP9lt0iTol91aVtd1hK5VZjZ5HczvkydoG8+0dTzyLptix3XsSqLJfN3I3Bz2oeS7luPMNWUE+j\/9hPyP4dxvqSefOVU8D\/MzxFJhNXwQNQTqafPDPOxJVUv6f0rZhqAFwZYh2GYmtr8n4qIV3hK+YkYjtqfRI8JpPeNnV\/HI\/\/NQuHBWJutgu4nw9OFCp594jqotsvUsspiCQgctd6OrTE\/3Gzwn3OMc0NLXwGxqM74MPJkEQJWHle4CAnRDcbH6JVCZrvhMF4+2nu5H6G5zbSd2DTBgCGfP72i+bxEYy21gF7In\/S+Dgicc2Ol9T9vAeLgf\/Q8Wudi6XrzbwWhFJNgHFOnk6rLJ88Gu6Jm9HLgwggYo351KNQUTQ1ngiHVXCUhdhIpz+jITqclpeJkNxrXZ4h5Epl5WxVafPw9hXPf3JhIbKR3VD51AT8DhG\/GCaZZjXwCfDrMp31EPF6HonEtST3mTgoUEKP8VFr+lpm+SA+ByVH5bXVfbxyXtvlZWSAfx8XigP5868cq9zPqN+7VWO9j\/TNsmREkOLpqX4oBQ2IF0gN0ex5Zwq2jc8rlX4J6qdNpFf5LSUXbxPQM4hHvZ8XCvrV\/BI3I5Kw3dkqwz3Sjfqe3dZWvBlrlRpTSxGQ4\/QwC9lTHLdgJn52\/7063lLwe2\/DrmuN0utawb2Ob6Gzch+icKrY3XY9evVjVFzVGjP2QbU1YBE7kxE6J4oLzi53L541l+2Ux4sW\/3SlYqiN0DfR9HVh4JawGtOLW+J6jX+LuqUeCW6LlpyXZ9iFxB8629hPfJedht0Qx\/+QfhAugo3aRDmnqBDHbsK2eYW6dsbdnMDoDqdpCq9TCASCeqEikeOwDuGuodthrE6dG5ZHG73g2SwVxyR9+FczLii\/Z34iZXYTvCaDCjaQOy0OKhpq2ejPM2jyt5BUe3paGJbRJLieOEEpDYrwp6u12GvkVvG\/tuABJ0cGeak8NDmY1yelUsfXBLOzeksmfR00DrXU\/0GkVKVOvd1J9+VD3PcmG1dc7JVnKNQO8rybIypAr\/cwgv97Dcb5B\/DCPbZyRp43MKwyDUGc0ZMM+rPo\/9olxszWWZLNOp9bHcjoFqFlS7OJtoTOrV\/T8w4WkdCCgbspXV9NbDCi\/fFk9vb5i0aCNOWTieCfjJN0OiJMwji2GUlBMvC04cQTehuiadspYx6NiuDfFbDHrWUlCRG5pvibYeUfo3ApmuMNuFfnygtdNDVvMy3XlvSt7Zsndn5pXNApUcNTZ90fVE+4jpgZO2x2UBCJnuCtqQpzJLQeciXhtEwkUIke4\/28C7hOGAQEw0rMC\/fYH5Ho7dGzNdzC75+CAb1tiCa3p9SqTHfWUgpGAiFYogmmahs8A1tuA7JM1IIvcsjop7HIgpIvQXwFs8lUnqAzBRBPqRblQElhjdhSrN8x5h8JuVPwqV05tJbh+2tets17xbvGjZv2PkxZDq5JxVbjYvlHu7WaVqQJ3txAWRl3+oOsJTtzd4GdHpk47BS1VtSSMjtY1f+36gWWMEnoIaz0xzxez2Q2VoCd5LaKfs579jOURkn\/kI84S2umCRmjmVyoFqPMg98wV8Mepvi20Q6J5QPmEcehLsVOJWspej9dnRVefEuEVBBbdzA\/bvYoKiEOMwDg8uOQZJgtAUm76SFUsCf9HELZ9K674q3cAvtt43RdzfHcyKXWlmpNmxSpvuNJLMkjKyZei7izq8sbcezcBPYHkbAIPeF0N9OVo0bzJAFQ0IVWZvUdIar266lcE+FljJO\/+wA0RHXvifmd2NjgtJl\/MxTI7mrHJ8+fjPHtNm26gAF4t+KB7thpVgpjKrWvg9YdZvQa6i8So7u0Z3oONZlIH7QVMR5DZ4Ia1iViOt99y3+2uXhB6VObaADEvI0q8d2XG7Gs4DRQaN4jezqwHZue9V3Q9nDYaGocYySnZhirjy3+QrZYJh3eCs0D6XSLcKvTI9JQvIrjS6ModmqLplPzM+OYrYqJKFxyyCf14CVX+DW76737Yj\/N5q9tslLp\/U2P0O25SWP13+keo4Lv9QhchOmLfAhrqTVi1vt50iKS5UPHrPwnrdpOP4UGvIz1Ndvil8+3TDTOz9OwMhh8GxG8GLxXbtSvKo\/DLXoknPHJXbzaJwATeUEW6EQ6ZywntvF57aevIdO387Qe1fFVIGsdqZrRAitdLwaKRaRV1Nm6CXfKGwz4FK1NsbLNytu00Dq4EPfwW5dxEpstHfLoCCIgTzpW7GrVejYMfcxPPbxnoAkYnw2w3wMQjskRrvkSYDbR0KeuvfFlqQ\/TulKO0Ha8y5KmXQP2NQOAk\/AYtR85B6IdIMwPImv7gl7zo+fiw97Ax5884MXIm1c4WF75dm0zfElOV2\/BC5AzSEQxKBntZzzD6XEFnxsSloODj1\/vwIwLILuOsNzk4ZhcZ0pWPBqjNjh7YHRs1Vwr2Fs3KpYPg0EepdsbhZQ==","iv":"2de4f06a5d8acd27ace1b29a2065c76f","s":"7431f5348f6bb721"}
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