Research
August 13, 2020
Luxury brands should tap the potential of consumers living in China's lower-tier cities. Image credit: Agility Research & Strategy
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pnb450eCE1nW750bfJmWChLaElF+0Q9Php9o8ntDDMnV+g3iZ0LCQPA2NcNo+VAo0btVfV0Q2rUMWksoPsVlMqEYh6HYjMTQYQ+rUbQuhbThzBAL+RbYQ8x2PHYp7UlU5ge2nY9AKVxRONWu7\/oocgVcQfvQlq9vrPFtfcwJFkjx9QeKCAixGsO0DdiztD8xvWd3fU7arkG1qp8KDONWqLznsLqIw\/R0KDo2hzvbIeN2AveLdh6wS417SUof3LQHMLGWEvQG4RmFdMAsOxLU2OcvTD3mhwnJdcNzJpv2IoWnEM202xJXTsEzdQoQcY6zD6dqeANXsIQco3y83ZlAxfGqLqloUEGp093tS0awN9xVSoCs6q\/NCjxQHt1LzPGTY9ADzqahpYpsiMUffmFPedHB64PY1HO1+IrGPYGvm6IAZg1ksm4R4Z1w0knecjJm5bbvOvizfzG6YNFEUihAW0MFe74U2Q\/TNJQTK0djLVVnZCNnipB6NclGr9YJfO6yte1CwrjYU2czCFevyWHXUo\/FOZlkq1Or+gHOQZ5KxjMl7R8K7\/PcX00oZE07z8xdouKnhB7zHrB702ZQ0tfHpjwLltxf9CFW7lnpYN3W0JIxzGKr+OnC\/7WRVpbuVA6HCQXi88lVOsT3jX8aAfkPph4jLXe7+XES1\/PvMnkB6Teqf8r5ll5BenxqVnqo0yVpUwZTa4u+x3rt9bW+ZidU7x6C5DzEVphRgEWFj4miqYrj9bMj7bXVsGyQaBsvhSvZeKgKe44ug8N+nAqOElZ\/HBK7uGmFJrkv9NIc+nb11H\/ZXEyiYH1QIrpMSwWUuU5geyXXnKG\/jAT4\/4chIsBC8Xmd6SFeBf2dSHrhJUCGBvsnyGQjKNQds12rkyeVhOhCRFONB779qmThXYsxP4MHotRBXVaYThCWLHUC\/jeglupknwIh+FZtBD5QBvr+GbAQtMaRAR41a8+99iu7iAeBU13A5zbviX2VbGYFFU8DV\/GiSOHcmv7WBk6WWUAEhMrF9tG1wco\/u5UttgyUvt264pwQFCcSCWs5S1vMhUowBAf+cpP3n1cE2BhTusoLv3rkF7K1FkVkBtLXwM+5AW8kBPTLOzLaALC7cqq5LTnKHXfZ8xUf5CewyxgKwzISgotU8wLX7KZmtQd3Tai37Mru0lGwuRs\/pDqroJdulE2yRfxv3Q+4wxcLOtCFykhBFf8GdfcN0zfa6mPWIJRoYQ3oKCTkze8IcWY2SAZHfMfMH5O+04jo3D1GKzHEYj7sMjWgrCI19pI3lfKl1k8QIyTVs5Vy\/tqNx70d\/euRRjBKk8RcDq5Fk7RsoLJLN72kZbK7rpST5EnteyrRqb\/ZzMhes0SA19+82qwmjSwn6f3JUjR2V6XfRAl89bmfrfXuXJfBG3WTTh28vFycoeh6xXZx6oLn1VBBLN7WZQrCO4Cg27RO163Xu8QW40bu9CX7U4u23291Afl3RImyReQiZs1KZkYPqPicITwpt5S6mcZHub0RK3kUA6ywJMRobD8kPpTTNwCM7VupEzce636B6TxwWK3sBZrQBduHh5Q4YlhgmTB5mJ0L\/N14uw+tBy2AT6XrkgXZicKHi11zWXxsdZKZB+YUmFCGVesWwAnYL2jzJx2P7ck3U9k5n\/osekMS2a20DMNdoXzIjjvXmzBEcCQZRXTTpOQ\/Pu1sTSj1uI0VsKjrwd3E7OAMSQVCq6CcSau7PH9sHVCS\/df5HG7wEPJBKzqWa8qz8mzpVysWrKTHJCc6XfGO\/u0H28AyqIihwBt7Iy9i\/XZBXs+J8Ojtj56\/oT2a\/9N6U38nexI\/oEt2F6GnWnBxCMYT0+3qqutyDl72AsKVTPeBY7ilY\/DfOFfS8gR48MWk0MsNr1McdGzDhrzNlxdG1YhdWH9roiNRqYWpY9vEYCaWtV6QykWi\/2B5ksQdErTGZFutoTt5XBbxnHwlpIJj8voLMigIk5zqppP1FJ5htTPJ+13KG2mDWvMAzpbRVHitWRGnFzkxIsoAVWkVViT25s3EgiKz3YwuAZPUEbiH7TzSPV5OKiiElT1SpaE\/WHoEu2QIv9GABDoE3COHz7OaYdWZYCEcED3j0lJa1WKR+XPVfupTsORXMX2aBiTqGcRQp5M0xvfYKF5tU0gbHGD92\/E2xqLEJyYAs3AK\/gX7oBb3nMJOWFd7BjuicNC0eHwnY64HUYP88qfwldwJCswK2As0YB8KpavQYM2uAM137Ukl0WReGCZsilngDr0kUZZ3E4g3dfHbMSM8sr4izrcv8bXasrx\/hulso7aAptBkJu1EA5jz5NmqpDA8ecudlLrrf7ApKcmO4qok5Uhb4kqz7FXzRAxtEt7\/zx5TGMII2LeM3IOx84PNOZOzBFcK7a5WgiW68E3mBIqlfPlvVyiH7\/GvJJVzbAjMAgYhlXMs4z9Te0XglCM9zdg+jZBf17P4GIVlCxxM16BNIEKn5aNyBHRAQ1BDvMzfm5r\/t6FJ3JCbT0XpQ6sQB0eaARNK8ATbiRubBoEQfAxVqWjYOPMTa6Ts3DA86mHGAS7EqH5mWj2Svx9KPFmMWjAuqOJ\/ou97enC9RKr94aWOnXPFstXVLE4YtaXRAGCf0pMucN61WdIBCODzogTuPfzEQToDOAxDVrsmWh5auujvua+DluH0klL+qmg\/\/j9LlFNE6F0sjGK67HIkFwm4c94YjhNK1Kp3+bfRjEYCIQVvbxzdvoD3kX\/VQn8WUPzzUheCbL5yyK5rPhrPX9D8AOxhNrE4qBjuc\/yenlgddbkqGN3jL3gg7tXNVCenhgOm5jvo70ipqMcHWHlqJ4bZq+rThWbXyax5FFD2rrqQHYSHxo3Ysa1ySt8+dtIUMMmLf5Zxb17QZSVnjnz8DTFT3wcAWA5uge5PJGCQx8VO\/EsZJu2snqs604JaFpCXp7wKsnnzQbH+xUSdEj\/lJDQZV8j4J7t2wJuSB8I8dymZL6mIh96TgngL4rFWzT3T9oS6GwrhSaxnAaaLITFzNawW+3xKSeTyPhZToYpTjL5+Btltt7iDPeg+4LROFUkiX1eLH0rg5z7NCXvdPS7trZp80lKiY4GnmaVyc0m8A4G9GKCYO4LRge\/wObLQ\/sNLF32u5oFbcJDUWEk4YyWrf4eE9FUbuNerpMUNxi+xqiHRLrxqW2Eq931\/rT31KQTFdIrGkp2qWwTfqKWXwZTRfJlqhdKlXwKvQRwTjPbRdjSTAqkKzdILHxQMxl0mdNJQnmfPQW+NEIz+Sqf4wPfy0jsToq6vptW4uOb1jqxue8Xun11udEDMNQFRt4lxFQxAU6mrY+L\/kaM8nIjtbfGbxKdKFPK1y8JxOTtYmsUIATjMvN+NGQs51QmOJGiNuMPCnVD7NanTMDYjIaA8sAAqkW0r73ms78wv5Rl4eCsdA6VarcoxGRPaDZSEojRwcZgQ3KjOA7Lm6XBWAqNhJ96GyKV2ATuhHPuVMYpLy\/EZsODVdLi5u6jjjzbfBfMJspzC86SGba9lsBLv9F9\/lDrQXv5WTEL8+R78vTmd+9Yz67ssViL61TPVTi3pSajnRLd6feAAklvsmxgUCjaTUTOmsmvJOMj\/uKu4QDSCypoMAERcq7xjTobgwG3DAMyMevC74VIByjfCpSRikSnD5n+A+\/0sdNAj2mNrlOS8CPAYc6B9dCucHQZ5NcgByl6CXVuPHWpUvI597OMAPevCK3oSuJ5nozS3dWOFMUoPZE1SBXiMPL6TA6QQVwbiz6rQn6pL5PL7d8V1IBFPDo+Er\/PsDsOiv4VZwFC3btrP\/iKVhmtQJYbWpdYWsS7SO5FsyxYC0Z0r8SpyCx92baOlYqo\/bMhlxWcCiMkEkKN2zknLlGh3iKEepZKqacrErfkISNb7qHlnZtleXKhS48MFj\/GykCJgvRS6B9yWzcZVN7f6F4to23wGMqSum5KUlAnPFeN8gX6RDSGjnt7BGvXAtps7estoFINHRB1GAw57XTnKa6sIuqs9gniiF9dw0QG3xvId+Rj0h6o4Iq0gTPlN7DP81CdwYl0u+Rf1a\/MmCmVTs79r5djnu9fC\/0hvDvBYT+Hksy1wVzz85vFZqUdG4gSEbl8vfTQfQ+UiKKgdfCUU3kDACt0cXr4H4pjms+i50lmRD8PIPznlYIgA+qPiDlYsuPDCD0AQVdA4XiiF1+4T3cMzel0TdtZcaKceD+cr3jqe\/cOP2w3d8aBGovcEf8ctmvOiom2lXQSJKLPXBCYlMcpYE\/YyRwpkTiLwgyj40UZidKW7VGrMPvNGuyjFxbBKaydiGvOG5hFyjYzIuweMZAs6kU5HYlGMDMuOWhI\/t3CY+EOBBLVGE72kf0HdWybWu\/yxyodLVmiwS0Bi1CK+punGu7vn42JGKjMTcEVljta50fSeQ9T\/YbYXELEgLfH0bInkaTmzbufOYkml0cwrmemD7bq\/yVsKXcfudWxpM5S3wjbUhAQTpv7I\/I8EzMLf0FXdFbPuBZLeAlYBecbmxCA3TJBofkap\/p4TN\/OnvG\/DbcwjGc5w7I874soPp5gvCFUmC+lnGdBT4tcLr36vv8PDx6W9yUbOcYGPVQoRi8iZBrHc9hM2WqnlGtlv7IpKDK9QvMhWk6fOsALBJniNEeLXH8Wo7vZlDCADSSmJ1Pd2p6hdKM67VU8W+V4I3R+RaQO8d\/61xWfwgmlV1TSyQxRDVIc5fewW6ZXj\/6PGxSrSbGC2WcU5JmLbKgbUU6QNhE\/dpskiM3t5ZqOl774V\/B5gcCD4KlEbeziYymPvIJYJVYJISit8s0oMqxeTZiDVvCHT\/4ae64va5LHxCIndDiYn3UbSgAp7O4cN9a9T6gNBbj0Gn9AhMbcyHc4WJNVg8V6vCjRMvBLV5IKgo7TMsWygI05Q0HRbOuG+7FCN+5vnl6\/gWGDuhPWIpc\/TG3YXspGuoOl8eeyOhzkGy+MS03Cgb4MHe6nQLiR0l6+O0wwMEXN7UL3qU0OQseGthQjh5qp5QAHzp1YjvZaGdYII4CXzdAqFPiKkgcIFtTG2mf3KBl69t48ghNjKZUQLEGUWy5GDEREFcf8Tkkh0sBXdrUTUYrnZS7qb8UJOO5htc0cvSDC8MjRZszlQJUawuPK38+szCeubPZwab1EE\/RpY7QWUuytlYykex4RdMF49x3TuV5R2Xtsh7wJQf070z5lCNy0dRk7fSJyI9uf7HXspU3s65VOfMtkOCaOLHXJ5erNySoiAeaQLf0wHPWWJaFiNEGSJkdoJ5Pr9cIF57xpm1wupkmfiPGEhwz2PkK6cwzSiWQ8737FRClSjV5rXJZnm6U63MDvGivNKTumucTbLYnUgqunI8RfYQ6ytHrR2jfeRGAHQ097ehytAl57VnqqxQ2wav++6\/85EgZzPzoW\/rlrIoX6kVpzIAmncbABfV5Nr\/\/ihc6j1DT74rZUSQbTkw581Sl3JvTWEXuLv9xRvB2wdt7W0jVC1XC1ZGqFO90EUEgGe8mtvb+La51MQczzPASrqPiwXVDqN+jWHM3dseSogIeXqw1EBNE6aZAd78ffAW33ttBzHe03ykO+nxtnDxqKaf6Ik2gGCmKhQ+aLIwf39YKwtv7yf80+pb72xliiXUGbFbZ3m16OWgoPh2\/IJBZbFDkiie0m37WTU0so0mVPzUVoaGYBoXlChXeYftqjv\/0BWvYYcaSBl0BxC2qemPIibPHsgmkd5hDtm9atSn4ZtOKRzxJi\/emOrFqzuw\/WuMpGslLzeqn3mwextBsxBq0Yzu17TIvaAQOH6GFTixYSQaFI7+36XRQTYMLe7qgA3sTXTiHnDZEqFE45krn3Gb+Fe4NhlidK27tBWGwmnNwUGqpP4ZNHyA94+q1EyTksE\/9LcYcPetUsc+FmiE3nDSpmB6hKS4FJaBLfDBNG61E\/Q\/Ifuuit\/AbeCnh06yMB6jYVlBMxbbFSGscQlPD\/O9Zu8\/eHyt3ufA0324sejTtlqeRh20ZikiytIjCiXjhFA5TnZ9C1afLvnnGQJpI4y4n2iL6GB5MekpOvILkm0dwh6z4ieRllZ8TkGHX70wmCt1U2\/81cMltMCJH6shkD96K0Po+FEOeEU3gYGq5Y84sMnibr4zxWvXJdpmJwLUVet\/GpbyXn1jiqRBd3s9AWvi0sAfqe9v59222yGnUG\/5GGOEhhk3YE5jZHOIR3ybVmkdLvRS6KClBE0QMmQ6IWqIQN7t4Un7gRulrB1aqNzWS7MLwfKPXzNXury64UOkurmv5kfnsqqinxwRC2qbnHAUuhBWInnRt4Q5HcDCnW3\/Ad3nibQFRpCVQguKKQSTHG9UNaf5SVImHKUkHoXAWCuO271yUvWDOV0ZXcXDwD7Afr3oYyuToxLNNqpP4tCn5BqVlr1iicveGQRvaGjj6cZ0LjKZ3Cg31oraHCmNFp5E6gHF9gNuFRwM5Ioasbw7DnkpMczf7O4OCEeqIXWd7db3fFUtCh0DN930tIMJPxJxcBJtn5FuS\/SbIyzfI\/yY5lU5407P9WdufGyP8rnqfNmIyGERVpunWBN1mdiD03gZF3oHd3db3dL5NGXEt6q3Gx0d+2YG1l8IGmH8m9Zr3f4JlMUR6VMihleHmjDMmso8JOjy96ZV14fZKWRBEtGxlloSzfhW3CR4JZRyJ77bs4PHYGVNthsBnQLsaL8GIP2HbLnp8q0sMxSPsx61uIbaURaeqmzcN0Sm1CJ8BwrRIVNO1f2MtNMR1v4qC4KqGu2A64hrZMsVMik6SChel107Uow7oETum6numD6Y0VZnfc8sg+FwA7IGzahaY65Ovth5BhS+i1\/ryz9g7f6n4vprIhunVC3UGLtb+1Cyf5nSaDOzw8XtSIldD7A1xMpR8Mt8zw33OWHxmqaq2wRNYEoByg1UZR2YQFcahy\/Nn07xa4Dc4peE1ARadFXnEEX0k5tmgMBOBSdpuzlkKPY7KAXnNLgC9Yk8KOXTQl5mrGUIk\/FlZOADh7Msane2OJCwZsSiX\/qmLO8XEQ\/zJtAOy8q1z8eUXuQCtmhik44gj2CAKshwPPrHjqd4avcpu\/PKueUfOR5cpv6ZoqYkhypbe+0rirw92AZSpQ3mRmPLnq2JJeAV60NYmdu9ZnMcdsFYYAntc7r8YLrsPvBItAFOWXTLD\/Gbk5g86InqsMK3RTVz04Qvcl6x5x4K3fK6Gt8GGISb5o6w6F6RRpJU80gU6IsZ9iol3tHKZhlIsd6hhNFmaFJu\/b","iv":"80deac713086151357a39ae732e94c71","s":"6c392223015ae004"}
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