Marketing
March 27, 2020
Young Chinese were big spenders over the last decade, but a recession could devastate that market. Fortunately, there are ways luxury brands can enhance sales despite a downturn. Image credit: Shutterstock
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F0l+q2zyb26sApwYg6PFaE+XXQL1FChDrBHkXMH40XtJKvlKSbH2VvnRjWmZP3KbOtv+kDwW16eFP2xDMRVw5CVYAV7ff708Z6fnS0vBEmQesfta13yQJhyp0w\/K1b7NfY1AaGnxlYXPk03wLOTQMBa8lrR\/tOo4KTXx0rYYzLrLAJPMjiC4IJOCwY+SKjvcfWTKKGdzE0UA3Eo5mFH725jTEgufKo3b2c5V9sZ9AYYLxpZC04F4sUikFKaOpG0W9B9SKn+ZxrzgVjGu7chl8WbjkYRCzfa6oP8R10uMoXgoiZZUAmk0xXo3KkXbj8P7G+1wEci+cMpUoiIZdaecSholrZvXOf88gGQ6RfW0SEUC7zJX75Fu0TivblK6upCNc8VXMtGjTN9+UZP3gXDDkzNbiuqui07pB56zba\/TNaE3TtHw7rPA1ojGliAY4Mam8T4nXdxyao04+0lwMM0e5bXnb\/gsbhGhqy3XrsFMGdFUL5uTtszfOvApF6iCwrXKATcB3\/\/YR5iDyIPkhdNyzEK5hzUqCyWmIAfy8PnFHXDB9xhpRV84lCRkDiKcsL9jFGH5JAexeVJ03\/VtSAUjZi2qOMfgvvdQYy1EHTOrspN6zz0vnFT9KvdasxAaCF7WWTFaGksYctHdcM5zVcuoj8AmVj8+n3DsfoAqIjdOKt2lIbzwTRapFvf5I0GHkqrXRNWT6MQYZuIrUzoI2g0UWa4abMUE\/81XrRmXMcNrxlHcqj0sulZpHgs7DBpQHUJ0HA4kE9\/UpsFg9A\/xXcpz0YNTJ0el3xWlZz\/uHFVcaCLdurWvEevNgvh8XbFU2jBeQq35+eEVquHDsryLMfckPvOP0Pz70ty6BRkxph4YOgW1cxIY3JhgdjhK3n8FwliSMT7nhYfkmm1dZHvaDHPgKf20QTjkXWvEDb2dlDeOVvxK439REkKjOXa1d50nu7HuLDPm95o8E\/epmucLL6x9BQFM5\/ho45eeWebD8wVNFCZNx2HsOvfvO35cmRGI+0bh2Xl\/GwVf9ldi2X6CJ\/mXj6w4kA0gvdXDVCMVj+DbsWDfjzgRR36KgZ1ud87oQ772avozHit+G0PkYuBz\/tDJtxwfHe80JLszK3rzZNztQTNfaXoOvlkVDPU0bgGtGUkS8WPaxr0lnrMpRUMJSI5Wp0+GF1nxqdwBXL68I7XRp4rRApxejcg0KPzumZ3XFLnkhZgoAxR0f29CaVbV+0nekEfVZGsfj9gDWsoBWfptWXl\/ww\/ds7aCthh5gqD23r0PKX3n9aV9Y+YXg7kK775hVT0FaPLCFTyq37I8VMiZRW4yYi7g2E8cNi8+82\/nVsB8PqWpy\/y7UfcMeXsvoI9J+I4IjfjLyZ+epQeopbInJo7RcdPEwcHSegacZdqmQpHGicqjEypsBg1KZZvWnxeUy2FDJ9QG+too7TQw9qEra3mZ2WPX5t7xQUj3WA9qmADnCrgpbUUP+\/2\/wmmLk0U4JECLmI2BrnnA6RLSJcSX5QtKh9DGcpf0ZBo3eoFbBYXvL02+wQfxTwZPwRf+NUTa0wnVImk74qmJiRzo7kVnTOjBi\/bhrsL76J\/pW4lnL3QrYrepNtcMKeHMIOSoQwHSieL5HCYj2fcXzoyOiHh4nVvS4anOif1OSyZdgBoUbnqRwJ5wtwKtKJFcAq9lvl1wP9jH13D7asYF0ryHEQJ+2cLpCj\/aD1au1zDW\/LtIG+ccXvvRajf0dt0LGIUlJKUHdbs8moxVL0O5R3m5SajFKigFHrN8et9mMwby2vDwkbZ3WDJEF2HXeWanVxPcK0rcgLlM9zkro6oQPH3i0thjdwg1QhiCm1Q+h0uy\/cGFdp5PeEdPpcT\/ek2ry5DM3Mh\/br50u9z7565eSTaspVmWq53Ge2Sian5Njv+eTTMaa\/0WUooeolygB\/wlD2oS0EEYZ1DZpeJ5zLuo\/LgNXVPSKWJdwn114biPozRacGziY6D66qNT4oLsSVXxCueNb3SJq5J0TvmWJtr\/zfbLyq0P4oFMYCPopl8mPDUeRe1q0WSX1mCtBz5PcXwlpDzyfdZZK5VUV7824nMC00JQejQbTnH7h9TqbmRFac2lbbMpxg2yWXeYHFVbO0+Qe52UU9\/s4B8L6ZFgYoWAGEtyBHOawwIJz53wALoC8Rd\/sZJ6zgdhULB9jo+aqLaZGAODeR1eWj36aBC2mvyO3AO4V3Hj0\/0aasaZwi5B\/LAPhPWgyuQXdUj+snCBJEnG76QO6\/nuQX\/jS1LxRto12ceeI3kRfKQ9goGFRhO36enOVlbGmNmp+mtATizTmLhhTVPLiR+TqekUYy8jmABRySn0ij4WXAITJph+QGBDsBtbV\/kNDJpf1xgjhFk26vVxHu2XKbnRiLng5nzK2Dq0OFrAYyfqZIv7z1m1ad8jZ6QW7rWi+T65q4lhx4vP5C9mVVVkYlkIP4C6jN8PdEaBB1EkgdjpqRyBUY1YzeuSpenmu9ekmlScNdeiDo869fijRd0wY\/zDuNgLRJ59gi9GmSON0gjDzKm1plVgtYHwnPpH0O7a4h5iLoHZ8qrOS4GIbOTLyNU32reqnFAkbbovXtYpyMtiMVM+SMBdN5gCcAf4ZKUApYgpdgw2ySnKPZ3plnbnq+xY4QAJubd9p3X9yuaRIpI1SEHQplY3K6adXkDjl6vWvisU9VYYkjTy1F5KzoMc12BrpQY2muZ2\/GrIwpadbv\/WQjspRMESDb1apPuPF3WtDYgsvokszFSr3qfI7pQWwSiQQ34uZ7BFRzmh\/cSc65HRYaFGwUGCIP2GCic8cjiuy8Iad9PQSi1VAyUlfA44Qh5vp\/QHVSVHbiaPsARu4pV0pvg0Hn50QtT3t551tagC3NfPl4M7kSupgf19TjeezsAohZHJgYniS9pfKVYVIv6SYKjZuVla91fEQH22k81GdZbrOM43Y+IWNMN5zGt0r1Noe8e4Rdw2sGitnWTS3EDrSWJuksUgPOr4fZhbu9AqanEZmu9V8ePwJtdIcaJluO+q7LsobQjKI2DTy7xzdBOC6qL9dS5HDWjkj8o0TKBgfEz6oitwlPygdyoS0qBF4dMzxEXzcNTw+tgYKJr\/\/OWcNf7zHFvTJbYoaMOduPn56z7rGcurGV3jgpnFgzHb8nWW1ckBlVP4FjFbzGreyYnWkG6l\/0drqc\/0S6H6ZcoOJDFGFpl86ZwYeDAW1dlORf+xLVyvJ+P4g5xZzxneXDRuQ2NgrUO0b1wabLYF6FKVJqeID\/5OqzJRznMwaS5bv+3UfiMSKsrQPVEn14I3a65kiBw+vxMPZjzce7vGfDS884BvuQqUmov3EL5cQt4otvkz\/5WXOaTW4VBXr2A5SwhsP1enMDNkB99peH48PB9lEusq2zGQxXW15B4DOikWQ9ZCK1Eo4XcKya+kh6Q7Rj0UhAeTG\/gol0UI5hKxY9QI1b2wHKJ3WRk9wmg011cJrI8VMmos3k\/fjtka8xmGk\/sT4adDaRUn+3j0LxOM65OCpDHPAgqLscUIhsWDIW3KvlE4t\/bBOSm2Ftx7dn0MftSRDMOWM245H9xHzzJOdI7A94mZur3iSxhlByBtM3r6jcDUtWpnJSyDuEhBYi0m2nD+eP768DQkwvMm2zJtJsfXCXN\/FSoQ7loXyO6GjWVFHisBV\/d2z7plIynJCh7+Q3E0cQ0QJf\/AEmLSc3DuBwTsuRypQDLNooh1DWP9VdQH2Alklm3NjtVV3uFxnWUAYyK0hSOdSRO\/7hYZKx8qFhAsXQIXAtF2lfTSwF8oE\/pL8GClUTxA+vAczLAySTWKLhuafH4me8vTMYqjHpkYJa0oCeJRAEGOWuxssECqBp68Tevm1XfxIKQ3NDFhHRM72v68x0PYk\/STaDrHE7cXcX\/Scq3fahs7gF+Gzic+7Tviaec9PW8\/NvPdswMFgn9Njd7LZU3XLP3TBySfXnA+bwQewC+wtFCWNyquMYBBCEZwiKNCc1dbsqlsm67jQcv9Afj\/NiPbaFBebkDbYq0S\/cKWo5iaecEGi65sdTXSVAcsEBLr7+KHVqyldB84+COiaIjYtw07yW1RTGmwJgBjEl0zWxb46J9A4N0nIixQ2glI3ZqM6tJaTcTlsYQA7p82qnzh6mDK25v4FU69W+nMpm8m9gwBQPVyT0FgkSsWicBBblNVY6dJeMnBriTaK2R4o6pS+YuVOastOJwwQaWXzQKs4IQKP7\/hnP0Ww4WN81deHqvjEVOMn94KjxBP4PtizUnpZoLcK3DlaovVQCwFkGAXH5cyDak+F\/eBxJDswOeUdhyElcVJFkMg28rbY9bC+scks2lKZMH8WgxNxdeEdhGbgJIAoJR+HM\/9lPfMZTwfQuAf7BC4Bis\/QZCPe8xLmLIrSCsjdHZANuf9WsC4yc+Thi0Vt3HYm8a00r7V3otj0D8H9lcPkKsbRcETboPE5rSjpXbxerSELLQnwldszSJCypobt\/TToZPHVfhFtN9JjEk5E9tfSze8+xBlDB0YukuXZdwvUgziKJJ+hTgFH8TInHXHyYOuzTWkHR7xzz0QSh05ayRZK0NZBFhsMr+DoDg7Q+PuEU+34qWRn7RcmKEIW35fMV2wVYz91jFXE6IrHb7TVAIHolOTaDr0gfvPcdWysZeHjMt3ZT35\/Hpzbe4twO0SFzhZGejQcthj4Eq+oihyg\/2Jw7vkcAAedCFbijEW91\/7UwIkOHlM1dQ1hNI\/rtpdkFnv03DQxxLQwRKYRkM6QrBhaDIo5GFyyNByDyp99YJbHutwMGlUGfyogR0oEcXeOONqv5mhXvFsGN\/l29nsMNmp0HhHucHlsi+GUUzDtF7ilr\/iHlx49i2cK\/BSjGnfanIi9X5Ovhqs6H0L5dtZOaYbEpw1dFAY0I+87rJbhcScDpdr8tZLKevnXWY4onzecTyonflhiqiHQXew2vYRulzfs9rT88vFN+G2eCYmGr942mKU4LgngvMW0BarC+7nhzV+n+GByakC+gWvS5XJ3Ar+XmPlFXSLlUv7BdBYgbnG4AKjzOkCf7AaQWyK1\/VYI23V8lswuXRIZG1UCwPrePIBXmDHIW\/j1tX3WaIxIbtzkJu4PM8TqOfo4wW1wvE3ubE8ZNWS9N82mKVyxcQbg7hfELdtuZCRjXnhVzgq0i0R\/TWe+llfF82vhr1I+AX9EWIN+ez9K7y76PPLkv\/9y9j+YYYmgVsKVXsBk\/VKGym+gWYxXF3zDWxBEvF8wXG5YSWn+PpxdmLlfRFUFgYCu5tGCsB7P5H8U+YiRulUggN5HJ6a7Oa\/DFvL67dnchAeemUA1NlajykIUOvX5RwDZpnGhPRuby8bvOpes95Z6VxAC6Gnu3vr2tH+CxXgDzQJoU02Y1Pu\/66XGr43+Y7DDKKhmy22dbMti6cI9NccVppfvAEVgEI+XQemVGbPDCCLR0nxiPTd\/qw0TkZlfLmllYSfL+sa2QqOzFYDSZqfSS0MaPikjthQRVGFVdphX7CgMOYADCkR9DxXX3rkAUBHNRQqg4O03loMrqeT5Mo58FtDqL74LJKE5frBbNhpxdrI8Kh\/nyE956e8Dgmt4sunztvZ\/wm4JYwRSZzY3wcnwuxHnPnla1wyu17N+3S7SpgyJNGOcD2KJGW9fo\/c9Glibr1cNpD4qxDg81FAp2Ix+UEQFfhSOaKKe5g2f8QiYa55u7eF+E6E6sw\/xpoQHxZkLbPPW2emZhh65jxb\/dwdq\/CD55zQI0iisH3SRs5GOQ\/5CEHuzQ\/WPKxsOFuIg+WDBRbpVk6g81X\/oExxESYQbtFHhQdGJczwgkg+xyzBqjj4nFOkPulJBlSm++64+yH6hmWLZwJBAZkF7t3dEpjOsV8daQPVtTWvRTQr0d7jXzozrWw5G8Wm8DgpGfu6emxE6dbWTYry+Q76\/ST0X23aGxep4Dz9LG1fATvIyRxU6XVLDPPSxJOWBiJ80ed3rfhSxcZy84IwsuhHhnB9g5ujOJvM07goTKziQYvSNrC69FQj2FDQtFT2+ZILCk9z4PP8gI20xYR\/YCZNny6CDtml+KSG2C2ZT8rlf9EJFv3QnzCrVdQDgxzSXxQmOE0fWUB1U6UMVs5S6ZSpTiG+Bt\/EvJF8SdvkP1R1MyHJcWVu2TyMDfEYGmEmSJNlZixbsKQ\/so7WMYjivVLJz0NcLCNBsFk9rI\/Y9u6SwHqrMZzxCTh37VzecEci4WfEOSe2SIVDyIZEoy2lHrSTI9XwMf1s5\/gpJXG7UG0hhN4lGf3LBUGJiQpey2EQgzRhQp3SuHq2r8AfSvbHKpS2PUILYPDlhSOqV42xuFxx3snnwTfyYN4dR\/q83kzDALoVENmhhrs2KFBCT6Q7RO99ZUk6eXQ8x6TtueaYAUjLDtlfeyhNUIWFpAYaOJdq0T\/Oh4MGy0OHrZ6wUmqIeVl7fOVRZIRPNUJVkpx8z0lj8oHo4kwOXibiNg\/he76FmmEnZ7JMH7+ypUnWCqBapIgWw8yR22+1L0kGEkjd6R1i29ugsYxEC8bejfMtavOWjyzCiKRUSiafwfltAkN5KkRDxkNXoftmZT\/ymeDvCTCsCmWE9GcaDaNLqknJRue8bymesUZfsI9wJS3paTH19Zr4X+hm3PC4P6Bn4143pp+k7PUhkGQO42eAhCL62wqRiZi2FMuWk8WRjguX\/lu\/oBuC9XM8uIoVJ1tHI4Sv1scA0PTfp9QHTO9dkutnLjCCEmZ88v+8tKehrBUmAovwQfBEYx+dGSvX\/G02AGVYL1dmIpXHLBQl\/zMuj44xGohGDalmDRDFtAHEo1B2q+dT0vRJSBWDNSG13xvZAnezMBCYf0vOpZ0nWXWA3tr3tvxseWvLOwJE0Qqvj3ZzU7JQJTk1885fcBe1FRchJAmtWh0USqIKdNHeh0GilCxQ3DAVtnLRBBl+l1FTWK4YEtZVtRevpM+KcXlpCVyO60FHPGN6cyAdxRPojvPjeOuYk9Rq0MtKwpq+Jjfny2C9aL3nbcssH7WzbOnY26x1R4xpa+0hzxIaUNAA4FZ09hpvPHcxE\/loFfhyQQAAFsU3iOrt\/bcJuoU4OFduRQ3IhUrn4o97F8jKH2lviR7rTTbRHTKdB4mKv1OiPtxUgTRV9vOELjv\/7o57tbQjFNx0mRg89s2QYQz8nYQiwV8JZrtO0TIEYBsIjoqV2EM5YaEmb3olncA34l0PJIameMAEU1IYGh3ziUm8Xo5ybw6GzlkcyebI7NRY29Rnv9c6Mp1Qvv\/DydUEAFD4Vg7Pod4fjk\/dRTpGYG3mnM9LDBSQU7FNgY3viBFk9zCbGYbeakvAYVm64yWgz8f1kHqZP2Ne+3nZLSK6JTxd+QtZFIkpe4eP9nd26ruGwMHjuG1sKEHbuUY99D5O2MRklzxKlrlx0Il+HEZjV4yP9l9H0mUFUNgK7j8Lp9cRuGyUZ4gW51OQQHKGTFI9aZBWNqztABBp9lJMtccghpAqal8UEgmfJqWlhsv\/M3yaxxLyxR\/Bod4FOTbRPRJc7hWYSmyEMTlHeLP28bUy\/LqKDKTSnQ6Drf1fK8S2eaDWLV12HEFZybnVGQShSPkRkAyNq5EBkdzB7bTclA7uY80cKW\/yqQqJoRZ3303","iv":"7cc7ad109f17d914f66d94aaaa3f21ea","s":"98827a8751a0f911"}
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