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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9+rF6pOhuHGFcQ1XcqZOarql2TZiNpPtC7YhnGiBO0\/LoVaPsL6gpr6GAFSQ+owwhLSXmCYyC5s5KB19AgaLrLAWIpPMCRtlurvsIlW48YzF63bRwAJeXryIRRiFuIQ9k60q5NN6JTiZhw1JHfntutDjlx120ttBiqKc9KV1j2ZxTM5iIxFk1SveySRqeuGWipC8dRJQSamSDzdHkmnIUBi3nVt\/RPH4qCc7nRVqQIPASoDau804JrkWY6wNnsdmtBuuEIBGFuPga4cmKVBKsyofmM9vrQAuy7aLrnEbWR9EmhULpwGQSOvX+fyFsIjIUnNgTJCEnpOKRFSbVWdDQec5TtOE1wxfi9PaAGGK7cDlkNsvWdzTcXZ4fKwzeZe7j4jbd5mPU3rIXfZP6U3zV0qKFc+2dzDNrzhZ0NlL1+JjBaWcjnN31qDgGO8EWqSMfdLucd9zylV7reEtswHIhzhjXYfPIQdWCTzuvWRN4IIp3WJs41bf60uW6tS55QqMIJFbv6Ic+f85EMz7YTym+nR8nRyL4oLH\/f6hK7aOGio2O5XAgWo6nJr7c9u\/rRbj9Qis2jtRBp\/Jw72\/K9PzrOo\/QfTb5hbZdYVvOkFddc6BT7RLEqlhjEu\/wI1nkThYteqW6OK4s4K8BJZ5nP8K9C9bVkewueaQPblAAoInEPOD0eFpRUUxgCY6HDKe+Nu7g29uEGHnNkJWNhnDMSQQoWOuxWOUdGkIbDvg70FM+LYC1OJpFYxFKpr8XvlfS5wMHK3p5vF\/i4LygH0Nkug0rCZadtabS9etyqmx6CM\/ryczz99Yiuwwb88xPPhyyr33Zxmn36xNWZOlISjJ47NEPTyjhpZkZEBwH7i6knWWJzb\/gswkSVb7bppFBU0nS6VWAGvId4zHPrFUNC27XLJi8BRdZIyWVWnXeIOZ0xbyn685tkuDF+1Etje5SKlKyLN21MCh2d8K3gzLiSIudNXkuy5lwJSo9aBP4cQwJ01Dctnfu1hdm2t8VH7nd5da\/bL60Jx9IwQPyz3TIWuK2KQ89ZSmJUBhox77fo1dWKSNOutdjLhAaJDvVY5elKV2jtg40CNLRja41WuBohlq4lDYgMAVU2g+XMbsNENrOzvTIc2oFnl6uMDGpGzY5KbMt+I5qkqNjHKrtpSyNf\/GpTf2Teb2B61kVhALa83ufzdFHejXSVea3zptvaPKzbfQ4+2oEuFy+ApqIMFllpdsZKKCrwYo60QtC18ca74j\/FhcsPT\/2mHZoWFGPV3cwXHWWi27akRpPGe\/TcirZpVrK5GEggtAgxng8fMeAuCJ9zJaA\/CqHUWnjerpDBWzANbrEbwK2Dh2Rmdyrggbimghq2NzzpZi4zcVNz574uaYxr9my1WMtgK1hAiNeWMXRz\/tq9HxaJ42L3VkCY7i7ZPR\/2s4pSUV0eUTXjCXUqhyyKG+aWgTWtmZtmJoGMCxaafL3ccrn9x14QpGugQS1ZdVlI3kM5MVF0iBgjrLHAtwhGLe4m23tSMqHRNpdqZNtC4tMnNMYr0zNVbV4oVOX6FbA4X+P3mKuP6LJMEOkMMXS0xIvCDh8x0bDAY3LYBDM9JI2eP\/8slK1Zn7Dkn\/jNgkLsEJ8Iar+2gFfBg31SQfKtLKX9Hw54l8qAM6P+FXcRJc1mUO5tFkwohbq6VmgwEDbVf2r46+OVagqKER0iOCLD7qh+b9qaBQsXmry6C4l2LevogRpe15FKb99IWGyIaDMqMfyPiPszjYG7h1hSonRrzhrsB3qlLm3Mb09jY\/Pw3+pCYyz+DkgMzFXToGZDQTQwZqOAYgBcJXNX\/uemgMTvR8fkd6eHeld78Xkpv39\/O7LsLqIWyZHD+gNIBxOqChrmNseF1RIadxsIKtBKL2yQpf1vbkTHAhNDH\/e\/KrqGdbp8UPBrNznLzrWTuOpv9Y7tun\/wO8MNatazkZ2zHNJKOyaSE3yWZEFPLeS8Grutp8SKetC8WSyxGLzK9xuvJTYK998\/4vnFI0nsK7rYXtZ2p4Hp0\/mr2Y2kCOCCFFjffQwGVavBXtGoxWpuEQizkZIao6jYE2NDi0PfXwP5M02MP3Oj1vQRZ1THKqQjbn1gTGE4CpvlzcrZe2SnnU7R4LOU9izAu\/Ne2t4kllUFlMjao5GdzE51dfSRHxZvegigJdHn0MS11iAuQyX8NjQ8SVFIok5exyU5ln0zyJXEj9UTbLR6yg4Onl3sg\/+xPigG6fpwLSBUK8rR9gPFE7ryrVfX6OjJd81sD7cxRCn7K2LmJElTshO+gR1iFliPw\/2IEc9TPG5wtdiLNZbvc40NYwEsF+gTLfr64sJSs72SaCa8weZ94n1gJecnS121SPwzQ9BW4d67qG1GXLXTWuhLFcn4ZciZGQIflUvhm49mpt3eXWOP8HLw72LDe3zV8kSJwbVyyeQUhEHyd\/GdJmS40KgTxChssWsuCn9+jf2dfNeydHUzu7Z92GShmldbV3L6y4g619SIcb8EPkRa2OGUaLodaeXvDN4DiqGNI98XTJlNoxI3RIqbkqX48aPPT07gYdpDF9VfPWamANDt1evX2xP5R4oikTeeX\/LiNnNJle7iAZM8BquSPQUr5j6KpAhlaYZag5ex4dI2ZAXAXj11CSpz8A3NKfNcNPh2zmjlOioe89FIZ+VWBNtgrC1IC1q7+GYzSXoa6JRVp3QniSWbDWPRItwqf9\/28Ia37NWJRc9QBIls4DbVN\/fwt0cGioq\/y9crBvC0qWR4++hD\/ilyhIYZJkn09dg3LYe8nz7XdTDvy3NSneJkUHlbnz2yUBC+RznesbFG\/lzrWfqChPAqdKOXT35FcaSY61FUtOKnNlt9P248RiVltU41hssLunKGt8w1Z19puFhncul4VRE00q9+Kn08OXVt+msaQh5ihI84Vlxl\/waKE1ydoJnmn3fExI38k3SA0k6T7BaTBR6O6I68eIUB1hDkSu\/sRmzN0SBti689TgiIvgAT6Js47St0wlMuDJsr4uhxhs3yJ2IeHu89Ud9+gfNCnExxuHObqvG2DOl+iO7YixdHGRaSDzRxY0gr1mQTfTkQiSdqbTHixvpAf77jaOSzCdU9vnDO1wKpNe2gXGnysVD93yvM\/\/MjeX7O5i\/q5f332Uqh+JYtznftMHhsgS1Ld2d4Nz++E15DBJx\/pg3ojW8TeSCN+DX6MaPf8cfVo6gmDJZTKoAitocso3AvF1uZexUpFw0VB8qPMrsCZdc3cd9LiIpnEj5yGNsFKWHoIAyWSn8MJd1LPQZwX0Y5HnITh2Ep417R0XIR7o9B5MZqQgp0qKLzlqevK2jVd5KPAzaVmu9fOPfCCK2pDeIrCCNIeH32IVKtwEY+nHz16xyFR5qUuELZwxfoT285U27hpvWv1\/5W3zUf8Aur8diZNKY4jV5011YYOhOlFVtYdnXX9pwq1GQeLJSV\/+sGkIZ+vHdMX5fMxmonIJZU4VwMCqZXJzVRONwbaWEP2CEC4KSwdEcurbYu1htjMgE0D9KFUTIWqwPbg2hZ0v6dRufirLRzZkmyHkGRUpUVqWg5FQOUBg6awEbhb6xcYHr8MA1damXuq+vvbOc6paWB0RWauHioFvLTmwkn1W5KijFM9jCRsj3Nb+950nCE85xo\/8ZleT\/25KTZPf4Xr+SvTpvlhS2vFU\/e1vhAwvVlEn0tQy3swjHyQlNO6wyGE1jL8\/hqp3Lyn9BvWCymFfkduHvLZIdSrpNIwcd\/ZDdrQJhgwwgiT52DzdSRSAtNtF5yFeWhuATasP1tCyTOZzSi14bMqeLxYA7hg8V1ltYXSSH+xe51AJFn3mWs9IDX2xq2nLtHG2r2xRbdGdNWTOQei8wuP11WB9qph87SeRfG+\/QpFM+ZHw9ESg72MOpfWSjPzyALU+VW9OiNqGq1PxXRoZ6A4Yv+30\/afnWu929WwvdHI+a03xGIZuRYWrpJ79pt8mdGeGkKGnfZaOfaiEgvPg5ZlfCISLFfNWiNZPgauPTlc2LZe6zvDkRZYUUV0pmVjSSnT0N5A41Aw0I\/L6NwnG4UzOI+lp0Iv0m8qGtO0g6AIqG+f0nDPWBEa6gikF1CH5QZLpERotZCAfxOR++kYYfJC1vYDQ9FSTLBjbwg7T88XBGpAP\/P7EUqQ7HJmWdSz0QOQEuVl7MC221NQ+kXphVldgx9wzWQyyFzltbBcjnNWqLz97kGWJ4Zc84+nMErG4xkQ5\/qcjQxvJakJ6hoP57a+2MC2p+wlVePBqM7jdnOfY4NaZEGpl4TzlrGuaejXh4LB2rEUMDrhqcVV3GJJ83L1nfje3gFBnSoNkqEyQkImc\/dlV38trsjEGuMbYPyEItuQGzETccL80oaWKBVnKZycUic8WOpPTSb1dDrSYYxweyTJpwT3WXE\/RG7V8FHLANliAVUdiD0sqCQ92RknIfi9zO+QsIWlfHPN+phaZmmV2P5rDu4wv6n0EmsR252gDwaQnPK1rI2aPAUCeysEYQ4vjfBOD7zBZyIIOgUwvr5WW2Wpn31m7FUKC2MzC0n8q651UPP+R3GtK+rw3cOYLLKNBjXrKsDNkbIlMnjAxqL6yQ3f+lc7qccCnbaN6BQ+I5q9\/NHcec8LF2204riu3\/gaoLy8TjZRQG7jfaVGZ0eBnGvyLYeziXqYHPa18JEfnxzru550JseQV7sGRejU7yUqI0usEOETC4dPMWZy3AMBna1i2eUl340J0nLWo3elOIw58pjDhGVayIfk9x5\/5rOb6Gt9YHAiaHoxmilrjPh9WMeYBYD2FJUj2fBk0jLcFBS6S+o8li7Fp03LoVuO6vK5KSH0TGx2w0iZW0B4vNJK5S8sYSCt6SfakZdq3S4UVu1tYXgUVKQ6HXjeC99QhsfLmOjJH1eFNJgqyPDlrK5s0e4IbWwUfuDVWu0KKIL7EMrhAEiINPyi2tSwlv4xmb5nlKuBvJyDcg1LKMY2b9xDH95yOc4rAkVS+xcIY5n4tFR0cnwKFFN94mOyrKVh5r2aanhhfhvuirgx0uJW39KK8+zMr83rdCtPukxk0BavtUBrf6Imtl5y9f","iv":"0e41ceb1ff0f581b2b6b4833682d4b66","s":"dbf26daf2507ef8d"}