Marketing
August 31, 2021
Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
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7eqiG6d81bUb8RpjeRSVj5LWM6oAjvvPbcZu5ndgvTOwY5awEgF4+WnOtI314eUQ5GbS1+\/nPc2r89OzlE6E1vVLFCAmpI5\/UyOPQAbU4m6j7UMrBvcHaTaby3daRFPYeurlUa9LSvdoZLKm4AIOrGbmcfVGWsuh8IEZOM5u0lb+M+SVS4sZF2yEq7vPXSzuV26Enyo5x\/meOcGmy4HvQp8MqgON+83eX\/vHgfRZ3SkQPcE\/o5\/NUZFWQP8ls22+EU9uPcX0HBSc2qKpw4Slc7V4Nmbajj15cVVeAgA4Abb+SoJEuhY+kNc27axDCbkhYY76TSolXqjxukUtTWdnwihmTyCMCvBo\/7ogS1pz70AAvIxgsY9CggNr2UQOzzR5xviX1sQXiyKwZH6DpaQ3MAZ57iO2msoPGNvVzlo3pUn2povRfbOC1dmfhSpoW38FwJIMt1N4u5U2sr9Ma7PyHDTiu\/n1Vvza1tbgB7jdBmuk2C9oay0RQgKnJDAW\/5CyRfon3ovI5oEkKn0pRhjr0mUl21CF052qrCgJ8Ejpkm\/4MktNg4Q3ScIR919YZbsDYTeYptUdWuXunAUKy5foGAKVq9ITDwJVyGBw8QmLBtd9GlKXau5wkAGJjbk20aC8thVPk\/CNMs1f+G3d28boAsUbTKkhHRr2e7Spx2adCCml\/wjSiw9T39VhLqSsfkUydUMNXQMurZWLS7VKq1zbW\/pDsjtcvK7dvWPnrEg4B1rDvged3Fxsc2AeYnmh8JzkmvoS7HHVxYnjUohWIn39ogQ2SFSpqJf49rHpBFGHJuCfvUZX9nrg3SYE1xnkZ96nsBKnSsxfdTW5ILx7yy8WcyGiV49RHOU23OKZhTg8X5ltn3oTZjPLwb9oKg4zLiHOfi0BvURkRNOCNFGU4eQ+wb0GrG9CHobcegd2\/fYawyvPQfYtZnBbi3sPdZ2c+SRiaQND9uMkpR\/63Yon1zHFU6WZQMaDnx2smnw5LW2RoWpsUx3s91XZBsq51vxvVUlx1W\/4WmVZPmuD9xAyzO7bX1HtRF0WMKsNDUTSODVGrwOUELlM\/SmSuchyLB+kbOuu9TdBvxo4gS5B2o5hLwfUqWSnJjj15Zt+WmNEADa38+tS8YtuBMnZCP1WfD4h8aucziSNl4Z\/yfNog\/qft23z7loYTcbqT4jpcPDAlUMhf1vM13aZWvhpmKHetJ\/iNp7WJUS8uUhmTsubAiLuHuYsWT9mDwTj8aw524ULL9WIW3urD6i4g3uNpU5KLRwukrLDuWc16HnY\/Zl2sK3i9Vg2pmDdt0AjPDQ21iCm3YOsI\/J6NrQyh33n4Ut53TBi6c5ijPXbpFVNYGb8OB5J1Z8m7RO1g0SwFzr9EPaEkm\/Qrz9ZhMFQHxmiZ2DB3UTFZYv2vB8QxIkGDvAkAEVSXVb\/Uu6p4m516T84bRMKaThAA8js0tuSj2SW77UYTmcrHhL4uZAuRlX+ktNQ6tL4Ac0UJrQH9gdg4et68Ol3s5wpJxrSKkRZvZde6oDij4\/qOw+7Ji1OkHb1CTfJfvC5Gc\/DkPAoSySbq54ZwHtfoUlShK\/YCE5PPvxy0FY8r\/rWYz0cSGj3SsskfM+sNjyuheR3z4In0Motcu4\/S5EWSVLMtSLgvmoIlWbmdn3t2rOq\/jY\/KAUopr9x6s6jxjVZYF2c0\/DA\/tqsGS1L7ueqxySbx0QNywZQj3P6CeH0G7OorVRoTDn9D41H2Y7mpYUf2ES8\/bIJ9WI42ebDHiU1IwXUz19hrExH4QJ1iPoC03+63szLX2ZOGwTc4L6ZHYitnI7DVz3YWOvlqtVQXoimPnXtvSSF39O08HjGNmsR5QliaXbfITET8nOgQkwXyuuC0xvzJAo+t0FAdpDymhT\/iCBbd1Z+RusVKCc1MeSAb7UIBA0BR1KW8q0accgkKUKb\/nrDV8pGboqGiqj5GRtcEl\/ccabeoXMnnZ8YzD+MXG0zlCtGtW5DvFjgcpQrqZR2ysEF+3jstnHVjmD5JDaNkHOw0mrG6XXRiGaGnaJKiiJyOrxnF1C98SxroO+hLE9A9BjZMm48EuSGGp+hxRm6eGyqDpoowrK9+a+21mGL0xsfkkYcEXJww4Du0tG6M0BmrS3DkcnjDGT+d3KJh3V6x11fJmT6eawxdm9B5h+LIDAHDFvUkOONqctxW4UydZ6ob6kWI4u+ghy7Rwtyb\/9LzjbnZGCZBDPW9fcXdh9cwDd8MO1Jik\/sWGzi63BwA9R\/kEB2BP9LsDHr6Nr+Ib8CxMX8GylDH0VN4KjEMN5pFiXWe7mDBifQaKMkRFyoIoTqvz7OBZDC6cWe8luWg\/zyulAXA6taYwin7FLd36ooAyGxFkzNj7BweVlT9sQH8HesGWAx6YsI+GeE5hNNgj6\/p1z4lcEPVTcRtRk17dZO7moK979nT74zk2ttKvUGG+0h8mQqjlaJeHTS3rlsqhGzlFu2eE4jd2tV\/JL6QWmROa1ZsdawSyI49gLxgHcdYBrW0lk\/Drr2qTQ9Rf2F6NWvctZwsNT8LFngPcdxOJYJJvluSScuUulIHuI7lFdfyFNuV1pQVoeFNNA5HAgMd\/0zvwgZnqHYV954RudCrJrctUsb9RfK5Uv7n5xLdraHC5jPBTwmyI8LCC1vkHxC7S9ZQaDH26YlYd61BSya7MC3G0tmaftiwDIhU6eYas04aj5+VIF8P2FhqrOqDfvOt6l14a62B8keju5LsJySv1\/8anmgKh4zbY3dMRvls4Dgs314faKJzh5+gyXJxemN3cglOP7+B1eSCLUxwm3ykgYjE2+ahi221rievjaP6ORHhemHOKRQYz55s7dK\/cn+A\/sBrkM7s92utCIZgfH3mWV5um1mjb8Ui48lwiQaneUb9aUMX1Xjtv3dz59X5LxHN4T+Pejvc9RdW0PQB97LZp5UlFbdzZKYR6RJ018Xt\/CXB+IAvvYIwIictsAIO74gX57QAF6jWLs83yzqagnnGyKeIBXtFPnuTRbmARCUJfcgxIupEYFyldnGuQTs\/ysxT5stLsINdAQ7fREW0GK2nylyey60LdjlslMYTUe0S76gc2XbpvhYUmL85cmeUnk2JHQ7sSYQjUaYLSfht5j8r1HORKv03OgYuTimnUeoY3dhiVBAXaqnMn+1PPXO4XdEN\/fnegRuDgReUgUig5Dt9r4h9G1Gv\/83K8vagLDkfLgm0eWW17jqRD0QqCVzUoyjlkrcwRra0t2vvoiobv0OHEdLhgtXoBoTvoSnLXgvK0meRuVE7DZ9jSN5Cl+xKc\/+w8tizlaMAolkFk7jhTwtwp5Op6FzH7TfiBy3xyflAu\/lK1tjHCCsOeTskjfddJcYZebQw2OsKcO6NkNmxy3ePZ8xUV0L2A3ApNmZWmNrPFpCn1fMUTcUvz9j8x7shEQOAH74z9Pzl8BsLWrDiIJCCjFrWbmA1qy\/Eb2cyaJYjxL9k0npZt5Iw3359ADiBatGOShQGBXNZz469mkfQ9CodGrE9goqoso02mnzC60lLKEArTRnxY1HvGTWsCxrn4iUh5cJ30hTg4jrS3XxRo0krQAXLaBMzSVhaqR0e90eC\/HhJWG2WmNzdF0QzHJBmmhgIpKBq8Qn7+CmMAPJAccN1YKjX+KHPLtqLi1hs7J3bI99aVbuu9PH367qYrZdddFVJAqEHz3qx4zYsdkhOxkATjoQw3FxKOmHSuIBPcaeLRCCZ49Y1gBDPyrBjk2OqZXyXRAQNkWbYjUFwhbh179kyJJfjQyfWYGDPLi+7TLjgg1hRNyO0LYw1+R64F3dqRSSM290TCYlajmfBGiGExYicv8liHV0oVt5ehVETQrQ8isCp0bW2qOL0pD2nHMbveLXGh8Yui4oTXcZQQ8x9nCdeUxff2wF2ce+RY9nKYvJv2CQU\/fx7U8jH\/LWQgAEvN9yJDOZ6BK2jIVDqEuJf\/p82eeGlVW3lBwdQ1Gga2Kj3UncOZMGaY\/vIxi8hIMgYwxDXFfFeNZE65rUGHV1nHsUlcyak6kw0ZYteD2M4N6dFVMHIrkeqgrOzenWnj8\/bSYZIumKa9Awijh+XqkIocGYlvFK9WF9tEdaYvIqQMTvCaQvPy6RCxu94arri8JY0ka57R5JJySOaCOGSB8JVRvb9Xxpu86C1JsYT\/m9AJJCIyeNUsIO+DC0G2glaTDBuBXwMG1a\/jouiznlpKlvlJoXyhzdvCClmQ9Z8O3oMBAaYZndCmfzn60odGMIdtY\/f+lriROUeDrXtwhlauYnLzGs7cai0d92+uqLEZC5Q8pz6XExWkl4\/6aLjx0iJIHaQOMcWePTVA7yzUQX+UTY4EBUjxyWElZUxXJgElD5XyvMYCftqj66nDGQbE0w25CcS6jUw2iufHJFLvNgUrcnM3sBlSzhP9qeDIUCd\/XFd0CMZvSELMzeDA0oVOtBEn1VhoVzLBS8V5JT4U6v56JHMWZnQnt0r8oXnAXK5rql8YYuQKLk7JaUKDgi80fpUtVWHpPL5wcW9POEBP9MtNRTayEatA082Ow5mK7UUXD+CTQBm8Khl9dOOS35wHLJUXL8KjWYKEn9jbbfGXVku9GaxfVSvIp9hSEmM3IZ\/sXPzPrDHbEnkTvNoh17agxALq5kWARvFerZAzGdO1GsnmA4dwiowPqw2ifsyRoRpEgFCIuJwKbBidps0+dGvYEK9lyWWEJgMMelN5ucWyE2JSr8oDT2Lup+luxUJ9pFUyV3KU7sQks6AvcUzobZvEHa0vMSUbGBi2ejDSNnlZz68dC0j6XMZSmfD\/y5bmARGbM8LOJCzp+\/F3yCuH\/AXF9HP4jCyV++itMUvPm0iOo98vai9uMWMm8vyP7x0EULSLrudFSgvDRi00EEUve3XQXlZ2YG5f5JgGgAVBOzxRPmJI7nj5EqKhffvCE5BLNT8cwxVU44pWqi50e767oZxaJg2chlYaRJvUy\/Q8kfhnZpNalBEeQl8dBM0ut71cY8F2yxb2nJBM8JAfWhQCoY6WOlGQxiJWYq1pzCZIxV6K661HHkxNv20U\/fgOOlPZYf\/INyeJr6Gq2g50w4HIr","iv":"da721e0a5e1bc720d8aa77c1ef032409","s":"2ba12b4abe39b920"}
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