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 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ssw4O80hT32BwfD1JXkhlSDHuQuqA+N3DhYyudzrBoJrCgQSkmlTzi2gnQWzYIlt+fjlVRh\/aUeO\/ku2FZku2iarLjS97IKEQ\/hwLj3IzLb\/6qeKtW2vyNL4V6XJBP\/FCPM\/mLe+H91uzZ1AslZYvLz6mo1\/Dk7SXy0qQ0h0tsczaVI79VEUsH710ZwgTaUS4DMm\/7FBt\/zBW1IiMsl9BeA4gPcbgPFPZ0JGf6cJS648D5wox\/D0FpwFwD\/6roH+LGpZ93kFAVjm94qUoqRp41KWj2uR3PE3pm9afpswFh6Xw7XgePeKgHUBQQg8LIpWyubvVaYiC30bXf4iROQBtYOckCvxhviQd83orcFepPe3F2RmUcUZP\/3fzwUg03+Icp+i0yDvzq\/kHYWXNKWRButXDYZCTjopCZkQARHWQI\/jyJdJc1Via6ljWnwsTnTU6Jj4hghb90c6ipSFq1CLVo00eeNk28JPyCQB+8TPAJj0l02B94XZ2CuC3gaheIeOPlTLICgT1FRRyiqBhkvckfsqVV20LnX0vbhcAqeuMV8LmQulatlmovbYuFimxCrDHSSY32PyK2hiCsKsbZQVu1U91uF9FhlSMuRCsR9jF0tnjTN9CRCtiRDEfQK\/4DvCauq+p\/WRUBNhE0NfLoA93LAMqqj7isZznwWf95+DMw2ZBsrtLUKVu4C1qhUpUOhz5HZw72zsRGEg74sbQRLCHp2K7jju85sYabUzrjrQmPhRFF\/Fuck3saLdDPbZaRNuAoYXY1VY4rMtfmxE9H3vCxiVTee2yR9foVDz1mgzLXMvBfgD1CBMRQLlI+ODotDi6HQsNNyIj1+9oN6Po62amdCF+cKRPHlSu4z\/VChR9Lr7ax9cfpZMcPtP8tMMiwTtMLX5g3R6FigsD11MSbX1FtbIALFBbsoJf5j5KtpL4+\/Gi+Pnmv5tf\/y4kQJfgIVsx2OU8MvYaQzJaBH+oEY0ftRH5+\/LnVg0fdQv4tJql8xQSU7aKkDqUtOd7uMmN7d0zpMT39OzfPD2ISh9AkzCN7cjdmXM2ZyFtycRcTbgg6giwwKaxDhvKr7d73C8Qu1UHujw5e6zWG2Y1izkR90o6GXidzWYClJjePjH3CPoXXsB415SpwxsddDeH0B76\/IPAxQPxWTVEbUHB1u7NU2\/9JavF1GaFUB++RyKVjKYB8CN1Pun4pyqw7o6SlV+lnYchaF8bOd6vTSQ1VbpkhAGIyVcmBLF1IADPWkSoLkmsThM65en1733rTi1a1tS7rQBTf76YO1d3ULH7hIFxLnq+0BzPCmZp72r1+ojP4wM5iFW2yHDdLPnmxD7OvusGV7m0Z+7iXEXemRB8b1wY+hO9Nia6jriAHMgwmTbuwFP2ZnQfyrEggvWN5bXfBJSeE7D6EQ6MAOerI45ZltvrRdDPJLU7Gwt8kkVp15jjODHCKCHk+mFmaqajEu7wCCx5HnRrGE\/+j4iiZuGwAjlgU5ByKmftAQED0tlfwWi9LW0rpt+j7tQLBpyMWjJmyDg\/21HNfvP111VpKZmj0zznlhYz46W0xM7y8jvmhcWT08wlxgT+Jxe1VcWsovudixl9BiEj1biQO1Xo7yDuI7TdVXtm7DFZfTIF\/RNNMMe1Dtl1XW8ifPz6W3YOIDnGl+mHAkCwGpVq1spbuhVwQ3yFhWkE7B+elttlLDzPBuPMjyAZOSQ4WOjxdCJGUFqUmWYRGD34VSotqyTajFehDor8eZ3rJ9Ei8ajjg34OJLW8siu0Z97FKynr82sa1wKBDXyszAMYKtoqm121OuQ5MfP+\/qD2sQS7A63nG\/9xFV88HpvrYRNUf9Wwej51xK1EuTu0PjcYeHdKKuNHBRMrnNqXbi6BDSMqZpQXWhFAKOsgSoilRk0Vu6pLH6bGYjkPPuqsoTId64ezUNMwEHHJfVe4BFavjaxrEaDvwmH37lQihkS6NOMq3hrosg66ZlQd5MTSRxv68tkCJwTPzYTX7fR7zK+k+Sxiia0Hu3np\/MAqvjz5fmbto\/C6rQ8\/pHI4u4kSi99GZO6vijXESq4PXLCO9YmXAZYJ91qVe6w3xAgI6GQMmvA76065D2Pv1Fyn6LQhhEUGWHUyyr70mGc4gwYNzFQpBPnJM6dSBaY3SKBXKNgx42fzW+ddiq7cmorcLAJ5Ytg8cf9Ns3kB+rksL93xG144gwSmOL+YvUd5UIwJ4XMXKhTPPfdf0h0zKjbUqhNZ\/9LTxPP5Grq5qF6qfOu+BegFYWki6+cyRp7fN8WBfyjn1GhUI7CJRo7vtL0Eb711H9EJ206mg6tVXXL+c739zEWhKwQLGXpMxAkitZ\/hv7ESfR8VivfPFwEztAdnHxho2n7B2VfZ2zNR+hpM+fpC0geIagiKDNelPkTzb\/QOTZuxDRHc+Byvm4o4LHmjJqYo9HCRuOpxvDWnx3ch5EQy9LgxzV6m6\/F2kOhoHxkqFI+rVy7rE32GDW0DTkeKjW6Y0Plwi6iT0QAWfEkkKgR0X+V5rGp07vIiR9KrmvW7\/T4D6dw9IsaSYECYyKQh6E13CSoZN1qHesaZuBnSfn\/Fe5AULfKBgQlroxXWLkCcJLf2zbE5mFAnbocVLihyRI50zqFclmHaV6qQ6x3AK8mNs3we0GFEJ0iCruEkKpT8uwFO1fV8eHnM2QJ+Zyn7CVWPs\/Tm+EmHdWgGC5GmcnPECi9MeArudrydrR+mP6KQXUBnPknjihWh2ohhLxGA\/eFVeVhrRz\/dSaGzN5+CM22BOLhi++va0t5\/aB1biI5FIxPhskCiVuNGpQhJ7GWFlHXuKtPkMTHaDdtSChuuoBAIZz2KtCIFLw1WGLgFdh6IXGWdEliPVxFXw6TP+otP3cXyokK+fTa2R7l3yW0Am8CrDAWGGDA8c2I8iPoU14aF9RHcrN\/pof6RFKMX9UxHsV6MRO9ShycA1FShv5f2CPsl99jTy66D9TQcmybLi+48bZgcS1thBWMlvpBKSPHPToA5mHJUx6PSReaKl2dDADtWkpp0kNyIHNK2rBOUB4H4I5iFhWE\/tM7muozbwIZnT1Nxo3M91yN8TZJlrvJ0KSZhLz5UDVSpf7tH9vwpJGZ5kAgUjkwl2yExpUnJfqaD4hsVL2wNnAxmqG37k5Ws2PCtmg4QPwfs7tVxkzokc0dKg14TKV53tejbiUf9S\/Dxkox5GrOH+cJ81b0hf3mlamWanLnEhUaUlHYcZF2YN7Gj4gVl631o+FleVAT44VxUjBLe1BocBZRtIUZ2wIwFA5Sr3p0H2bc2oX8vPd804ivGbNL3HpMtvGHwX1wnDNrpcY0bAVoY5bQdUNIPakiKwU8Z49EElq2za6Lz0PTHOLhxERf5KmqtDwStYPvEvasmmdArykPVym6622QqjGfqatjH1XGWHaK0P2ru9JtVBX2Z4Ii+Dq61zhpuVcNBVZEpxlWcaSaBomyPl+d9J6ckusaVZCMJzm6sRtktIKaHiyOA2uJ4kj4ukJjgNkmgLPLGnMwz07FrOXBmebxPAgd\/kbh5dFZs+bS6AJiwdFM7HY+XVafSw6srsgerVqm9Anc\/8xkWnK6sJv8ChTO5UEPGeoPpCT1aSsp\/E+GINfi1Hmsn1v2q1V\/Gim6sNESL9oDQnSQOcBWBa3u+wA9hV4vMSaGj+PA8MgvDQGBjXgD4S2x6BPtPBOGVVfHO7noulf1Fm+Lry49JoGt\/a+fSmwQpqDznXRiiy85rpTP9sVePYDNwK5szrI5CWX5lFKLYKzKRAtr5mvnNmDzWILLtFNnroXx56RFQDeGDYuEhhAgzVZAUJf7feogb+MMNTCfPJ3nbk80Gd+P6uKPkiDWKUhQ+B7TvYNah83ozrBvUxAqkRmv8OLUq0qN1u+IsJmbVzke+e0T3F3xfGRdeyOWJ\/8RBgFH\/3GRCGytcrIOKJ1BEtPcrxVFAAMHItWnoDL4pXf64jwjvgfzXdqIf8u+QpS8vuovQkDoTlZQhUiQ6rM87BCMmsh0Wo6i8Pib26v8FvUpg6mwA6Hv+gcyRgK3ljTpHE90riibH5Txyk+aXoen7yTHZkO5JUS1uA0rTdcMYu5+Ddlm9nwWbbII\/S8xB8E19PJfNUU3Llr9qUexYV46hwFzEchBrcLkrH\/ij2fptx7DockJIJv08xCs0lwoVs2GO23Fs10vKE2doMMgjCMEkMQ6mrrFDnQd7ddV6xs1FAxjCOxNN6W0gwQRTuH5adN\/TQ9XKR7SJKE+cW98dzE4q6gHb6zAEdG47LZWvwAE0+ch7WNN\/EdDsFN4DxXyQpweKUzYQkiE2mIWfIyJZ67uGK\/6iOXgUVtSIfX89Re6s1wqrcuVU9oTSsfQD4mT5CcjGhiFY1YTgd5Ve+MwF7u8zbOrY58JwtNv\/1vXVsnCNku42wy26DECI6wxjBpSIvDkOB1v9kx9RrP2n6pZIsChN01DR92nH5rv+HAGcQGpgvSw9wio91IoZCJsPpIhv29t86LHXp6qKbl15uPKYNJiM\/RxJagJkJHBpG7pPC3F3A6oI\/lPr6i+wv0ryW94eloHww7o02UcPOao1eMPw6aQIkrh7cXI8wriUPv+6FLyyH2c7h1GoyTLsRp01yk573C+J+NJcPvL4vcWODBrdlSpLVGlaK07jIs2q2sJfopLYNsg1wjounIfqIAOt5XSvGjDGE1\/T1LlHsYKID01zUINrdQP8vwBC7visxAaYSLok2psCzbxm8F1UXy0+ZAS38437dKwpOo+1F1FifPJiWJzTbpQ8tJlzVS+YdzTvxHucf4usbMqKvaxI8ncy76REEkoQ0YUt6dN17XXiE7F0m7M0ZFOOfdFP3T5LZFEFENJBIpDJAFayh5r7AtmJ4FhmeXuuRGsIBUD1YWk0PxjNqgFy17MDcE0bFlCP8N7viYb90ZlsxDylsZI2mPaFBk4m97vVge8qyQSq5XRZiRqH5++TMdlAQn\/PwBLcTIaQIeDF1+U7Cjuhj92PMzA+T+ifaeKUpW4dPuOxj1Ul44NQFXVBYFH1rBcFHTPsZRkgo1MtqpOT3B\/CfQUSP6DWUcq6gGQE+tYSS","iv":"64feb07b5aa1e76ca7d762a21d6ca8b4","s":"eda213818f316749"}