Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock Why the Chinese decade of luxury is just starting
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing | No Comments
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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tPrvMQawRHtaK+9Gv+fnGMtA+\/YbzXlpMnT2BCm9Drs\/tSh5AGKMd4RR4cepjszQGSYUK6chCaSbiCpM9bYyX89PIBzFFBn0blMroLxzJGxysWT+CQFJktJdL\/Js1HpObSFin\/udpOP8qDTDXTYVdiuuhcKh8\/bCWIO92VIxJZ\/d4a2Cato2NRPJZ6UhmUCwqRDhPWzAyJVHtK7h4GDLcTeRb9lk9zPeaaWDHYpUqBYNRYiumTCj89pCrCCKjweb34L32BjAtXMizf2n6EUj46XLJDVpoHY6UsIcnaKjk2nI5iQ1083THEEgAog6gEotoC24yOz6bQqS\/HOqAbu9ydpoe0ZBKi+t+nk286dNoW3VUeOGrex9exMdalQfEC9ubet6yUlBdY\/jrQXz4uFJ7y4v5qlVJ46Jj11M2uzLvXAgh1IEw42LdG7VEXZF1Y+kTPsyFsxNahUBBtYI\/KsLyNmUxjJOLEictywRNVGc8BFVNVYhDkX\/mUEmVx5KedW4uIn6bOdfzKyo0dMAYkISztkjtHgLJPKRwl7GYGYa6Vf\/KtOqf3lNv+wRerz04Nq6ZjJqXPL6bmWuVSlFjOxENPp792hrQrcMfP42BKaal7ahWFLFzEEQr7tE\/KFqnO+oRkCZSO1LC0U8y+500rkE4Vg9wqJduf\/7qW22I3RCLepTo8AQkYhn6q6RbAIfPcRLNvj1gsbSuMeL8H24Nx7sfKUVWOqixOp8aPRi7L6lTVfKULWX+Zx1t1aah2yhlbRkIPxEda28Ij2pjKVndHTfSENbEd90vo2y0c1hfuPe9Ghvr5dRZYxpeeAKcbgZSzR49yH\/NGni76lvh7zXH8n89S2qsjKFLvuZ0CWx9FevqLRLs6F1\/N42JbTNvKuw1b+lID0Dp3HPNHCkYrAItY8e2Dhpm5\/E9c+R+wVT6Pjs5Xto0\/BGS87QM2hkILrDrUzeJgWzbwQWB66Z67vEQYEXkdCPKTlaVJVydM2HRsIcrPUfB6ivA1elouyxM7t2VPVIlHfM6XKMb6F1r9UdVZBsdum2c2rWGkSaaUcIIfY90\/94bG6eC4t4pO2mVgcmbEVeE2XLIqyydp8j1VnPt\/c7nHfFRKIjZnj0vLbQeXW6TiL+l9ber6Q0KyG4VrrgETaNbPotWF7+k1ukEG410JoL\/c4S9P2P2GIpbICf\/1TPpXrW+0DgVyyA1privwSP6Abf0lMx425NtHsrd\/3o3SR6GqSX+zV\/xtrrKeI3rrnx37hb5V9+z54tHuP3pXnwjTfgy75sbd26dHGn0L5Q9RFIy3+7PEX\/VrjlGfwI18nOjcaA5RJBfodx50Ux3gLPw6C7uAe6j9XliK9pBCuO972EKJQ0AkLqL4Jd7+ETV1qnfT+nIW\/em11fK4lgUNw+mlfucX6Crz+cyeupzWhVh+oChbk2TQZm+A2LzvMsw2LW89wQIn1cZrh5raI3mjCGGMZkq5Fnbbq5JZiiexjtvW8Zny4YywayTx2VvKUXn8CdDrIf\/+qyXPqOUAlIm+53yCLdqqVmwYp7MtuB2r37qT7JYiBjoPnLvDSH49CuJN9ATUltcO0KLA2S1O+nRA1RoGorVjvT1sbn8uFWpTbmSvZ\/mQsfd5p6LEE85XclifGnz9Yyd9jAEdOk10egbZ78LncmuJvllWI5p2r0OdUMbDRmdhX3VoiWWqMdL+woxzbVxD8ppYN5ug50srsiYP+guydtznEbKXNMy4x1V+XBa\/\/aLizb18+fzngJKveMHRzk+R\/KXMTcbGhb8Vc+JrFIKr9HjRIUhRmknSjJFtaYQ78G5QjwzL2tmigROiS920VLf6y6Lrg+L8gaBhd21HDhTgAxek8t6\/ABs5dHIODOOaDEka+Jojr\/BHF0z8rTAcoRSxByu3m\/XfnuU7M7YPTtbrwCcxjjP3Tl+fcdHG\/dVxJMGbY+ZoMR6dqMQzPt0LfZh\/Qk9MNCwtjC2Fdg2LHe9bKlJI3\/ixxHYw9k4IC\/GdxaqhtDXDxWnMKJabU71KUOWUymKOa73dJ9pA+pWN8lK0Ck1+OVLsvC887TPNpfuWhpKRj0MWzS2mkY4y7nkBakBf636b3ClhvvbuAHOPQyfM1QXszccY0gjLkvG09aiyYBmBmsw8YPvuL8FKr82KDBanA8JoljHYRgzFyyNi4aLY6ncgauzWEwg1z2FK+BhiARvLPX9WweAh+e22e62TdGXgv3tq8vHEEMr0uNdt1xJnp0OGatZKJ3PZ5gjFvx9MGg6xj8c8rlxYu5MMwb6mYeLWXD5Dniw\/Lb6v+Sryg0Id5l5vehtfBwUCpZd67E6ePrZDxDYV62Fy3U2Kl21J1n0lSmvzawvrHReelyeagimB07KiJiWSsgBXB8Eh57NMvYAWysa9frvgmQPlxfPyZus\/UIe0V3JaEECDvoDn+AkvFXq7PfBpGXsWfpjwub\/8gua+KCZZezpWtJC44yU2sHr9jUHrY3A1C5+2vZhI\/ohT8emtFfdLqjTm59VqZ6IUk6Jjf1UL2hrc2MBmgASXURNJAGO9175X7PxhuxzV4zUJNq4+HEc\/KVgNqhN4aWt+X9AYB3k9mw7e1BI9U1tRsAyWM92XwFs7WrBZYK1IP5PXN5chwf4TVmQGlNsuRxnwF\/GpcOBqoYld1\/gqSfnDTWY7J8l7W8ZPcfIJdxIhGSv3nPkEYMvmOyCZMDZgdyI6xVXA8YL4koCq7PZR\/d3m+JMa7HY47A5mdQtlaR2IsiF1sTiwVjvRVSBeJT20ROrTRuzT9AZxNkXjzBLX4eg03p6Qqqm+lpjK7N2Tr2jP+3lQp79OGVSZqNWOX2cO\/\/3AXDljy9YthAyas3lvkn1\/NVr1fegMIdUyPo40g9pfXbvaX51qIzEM86yApKvR8MgEHpBkPSCrytmpeTElFVE\/F+YkeAlpBIs4fc8QZmix2RGWiLa4C7pua\/bsQRHIxoaQmJPySzxMkNz9Fgj2f0LiYROZlP+dPArpuKh20CiJyBnQNBynGy+Kh9QJbwgrW1CTc31\/8EuNQvbFAff4wSNvTjMDozo9AN2YD\/JZX3sW9ZTqw6uIjKuzvEd9OJEhuTh7\/N17VCNqnURmci794KvNlrpnPJzHmJFjltYTP9H0JTZa+UvXMWf2IZQtB9kiVKFhpr+6HClRGfoDuYHY1OtqHRRRI+iw6MJPOITx3siiiDf77+THS+KJarjeTT0R6DNpBCofaoPsyUzpC3btRsEmdOhIPmmT1UJoYByoqN90ra2\/KOFdcn1KZUW0eESsyJdHlS79x4VIjDXGIrmrAsZ1WPcUxe3FfZmGLIEWCq2QbNyQxqYhhVQWeAmLljQPbf1gVc1ELNhX1Y7pOAfknUb1ZKdsJDDO3+q\/oJpZeRNUHXC2jyV8UKnMCnPeZld5KHBptKjbtcZgje9eIwA3L+4CfhUgv5Z48Dc86LBWi+6vOHBd\/LiDKQZGyUw1AiV1Ny\/wFgdzVBznjZRfQgnmqvb3T8Vbi+EvYC\/AO+DuK8Os68vt99MArOtfOp0fNAy2Ka9Mf3ySGM52U0MnDSfLneTrnX3kAVDi1XOn94KzuzBba+idYvM33OPvCDanqblDZ9da6\/VW6pf6DHnfMkrC9yARr0tMlOuDzIaUet\/q14h6eHC34qW\/hA4g6EHajl9GsVj6ipmY3Z5jy4hulhT3bnoBprMSANRXK30Lncsnk\/RJzG80QFlpGsC9Szq3\/QvmSqVnBcrwUZPL30i4AmUCbbFeg70+sES8e8xzCbHQXlllssa6Yga26DUlIAPW1mj+nlTln2iIvhdPWedtwXAnf8Looqp8z0DHXaq\/QMUUPvGFfqKhKRRCxhjECtkCtIgZ84HUvze4CqC0dfcvGLfqX67qx65Vg6TN6Ey+cIRaRkqNDXuFcpQWk7EU8WaP01rx+eUlOGERRz9UuHI8OapTV+z74gf\/i7hWrpmk+5QtBnuocwQFWuoRdHFpOCxkW4\/dD\/dF7zsJDW8fasxfnSVEJjidTZxQVeEQRnMircFidtfh4sOs6cncOCEIcl8Ia5ncwgvTWkP16ssgP5fMn3eYtSwxJBfVsNv6wREKx0uq6242ETI6i9k\/\/bO4375EM3gOEX4vRgGrWWh+WTcV97vDBLKfzOV87QL7uNtsk4wmcPSSbJkyJ4T+vDFJsdIg9G6GcUXvheXa1xaSycwY6KRhMW6DiqNCpVlIxxQvMHOr2VvkOFffb6qTRRC6y9zqAean2taRXZvycaRqDIabszyfuIC3wyDR6osNibANpGiFwr8o7QQtjHy18BtKaxyf5EU1TkYGB6RueSSVNalrgh81MWra7x6a7Q7DoYK54km2R\/PIXYbCkCh23k+1wZXXGXnW2yTX5s3CFGFkqaVG8P\/mm+Dj8Sybuw3WqaKaC28ZNOXDZBPTQhjFGb+O6\/7\/+m\/M3NiqHDG0fSIncpW6weRoFtKr7WoXfLj1yX5KKZODHt2uZZsx\/vw+ov+FdBELVbeUV5Na0HKRYHTCxGFEKgfk6\/4Hwdk27LxcU015sFirTFP8rByZ73Wcl98bvT4HA90SGc5j+zYCTHRwsu7M\/hppxKmUpk4wtEc7EJ5cMaS2fWF8MKt+b3lhaOvT6NixkEOT2tmkBjiN4cME88Fr6pqx\/PNCse+iD3ooXecSd1ahsXGwIgkQaWBTucQYjf0WGTPzhSgHZdtO6PyHA4rmpLQj8q5ewRJwJkVsRl198ngVx7CfUIyOaFQX63IqCWsG\/tXSDEWmZ6LkhOlie9RrVm6N\/oo5aulc1fu++iSpVjMeR4O3\/DgjYbnFx2Rvt09iIBeapJgcqB4jpHTTb\/suP7fqVpc872J6V89fB9MXjun3HPCcdYTQArsPip7CQ0wZkjkfqClGYOYcjXKEW1d57MUbLFV2+E+skRBiIoDFdf34qFpYgY9\/fl0dyOVxq4VjTjUE3QWvj84UzHn9zn3z9Z7SO3+6uO1gEsLuLX09lDsWboTaa2XRA0gE90JLmfPUf76BAqdLrNsQhU0DKV0DHC1tuQ+jolGL6bQ4TVo9cV\/OqvRdyePjr+3Z4zM\/iekUA3","iv":"21a87f664a260e24ad4616403e20f799","s":"7eaa2543ab2201e7"}