As the yuan propels China toward a Golden Age, what a rising yuan will mean for Western luxury brands and consumers in China? Image credit: Shutterstock
How will a stronger Chinese yuan affect luxury?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors,Retail | No 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OLoNIVAR2apLFflS2TG+\/vbRhLI\/k1jZByCtxOrSXso0zoziJcz1mDKE10YPDhmV9bD3Tv6KlLFUzfjxIibZzP0JpCmdQbuPlbdzbWRkulbAZFmXmNHXfkyMb9sryC3yoPIPBitmnqNxaJC\/AU183R2q\/GfB4lpfHThTlbP7\/vWyn0TR48w+CGL2yN2WrtoKLaPrgVXcNpfVmeP+Kv681bkoN3kj+zlhO50seFXf2Gkh8k+jK4XYV8IHZ71r7Y3GAom7xfLnANaKgdhMrveR0sIXpndqEYeeRPD2UWnvXWsnFvG9CWfbHUag5vO\/CUqbsKyDidFv5vHsJfUSz+l5YzMp23j0ehO\/dSYh77x3qxV6KuUl466O0V\/UMBWcaMy57cGS569dY9PFkYnE3NCGJ1QQy+253nmsXiMSkpyn\/vu6Dbm6hS2qEgvkanozF+nywZwtmQpXvjX\/5wYjE53DwanmoBP2pMPb\/wlDwJTULkiU\/6jbhJZTZT8o86+yvFa5Y6UiT+AexGPbihlwMUpupDciOcNaX580mw790tT07i7pJmXjYHCL4mCeLjFs1Geq7urjHNmxlmklpRxhKSgnaomrpmxQB9MTKXFqnlWcD+zW34R9DTxGDlBD+QWP2nogNEy\/N1cmXowvT2e+g1gsjucDVQvsAizh18ivr1uMpmFmXp\/GSQjlFfya6284VOhCo4hueMv+iDjGGLCDPjxS0Jr9CB3aWWFBqrG14S+UHYAPnzc9oCTWt1yUHFfFOTqgN9837eh+05nZm4iVK+ycbqvhm3H9dPm1gU+CSvb7sNT2HYG\/ZIW6OqXofo0fD3v2Fy1J7+tvxFWCM1wvBc+5Qe+zaL2aZ4447rUntS1I5UTyC+AgDEF6DF6q9w\/k\/61ecua8V9WInxzQhenjow9\/DW52fv8HW1tGPkPU2A+itylQT1S6CW3EHX6ua7G1GuihHQq15dPi+5GrrpxTKeU6mXCJmVMiBFYYO\/UaBsgLZzWhrsSJcqPQ1PHF9lCmvxUeS8nXVp0YwZ2q1nV5hKGFzfiWOddRTg8nKYnHVXE3EV30i5o6l\/sJ5ub\/vhCrrqNwzZWJE5vf3ZTr6V8kKvI\/VrSRckswL+I5oU6yl9ZMMOU7A\/+QrjuGZoz+B9vBJ2l+N\/lBq1b0ZOkfaCU6DOiB1f3hdowpYFiCXmHZ\/ZDLy9OPHwAPfcVZ7fgDwaLgaOOR9NE3sKQZTy6RJ1+0NCFUUzzKRS2+cMFPTK\/vlrGPAPDoceP5B0iKfZCqy6wU0nIuCsfIpbgwZo50m1HTOl1kauNaP4RIpfHgYYiMrB1hjFIZlj7\/A8XCUyvoe1lJAEO6x7lM1RCrR7GZ\/yOUQuadjFymtS+1DKE+UYwDyH968RO3a1NpZemBGkOvAkBEPHcwuoO1alLzMQYc39UiON8DHKBcDKmuJi9e2MVtQA\/LkrZWOpCDtN2ghpMQzCPPdKwJI98+U1MLNr79BZsWW8zLGDkzq8nbBQJcn40DBg2eL3qgCYeTf6bd5t\/aW8w5fRiIM9kzrQCeWj04ZluRmEdTNJYutC6K2Cc9n27CYdiw\/YHZM6HjkHQpKjCltVTzxgq1lKnGuQvsLsmskcdTvFib7DkliFyPHkGPI5jlc4k2ws1NvrQvgYv7kQM0a3TL10IWHuGOyIhXuQbW2c\/O6uGeNNu2n83KAN+BjOYhYfK14ly0Xc9L4wLuBHrWTtxuYpJyrPVRxvXgaOH9XKzvc2Dmr71fNM0Oh7h2S2wlqPf4V0XDTdjkGlZwiVUnnvXe5Mm0EvT8qYpXDzosw4YGyEnJw60AgfOeMnaoRJDQEXo4zIP+K083w2BQGGFT1woRtXRxk9y3ygdua7ym3b5tNjJfNHFEyiAmTexCDt2B5hUWI5rnYmFH4NksISG1jXARxFP0Era5Hz6sXiBE1dopg6XdmqOy7tr5MGG0Q42m2Oe0Hm0L\/HJXe+YuyqiLG5I7ozPZz2FAautdVjuwtcp0XQY4DnXNQcfOWOZZHMr\/fscU3c9SERw3aXNY7doVuFSq2aC9ujoZ8vMfubDSbr9YflOq+1sP6XKnmhRZKhdzUu4W5afhQumjTLUKn2Xd0GoLsx78vV0f3Dd5uHXH\/o2V0cWCmRx0niTPfsbdG2+v7Bk+6T3U7CTn5N+Oz0WnwkM4k+6fuEobFDA6I3M8ZIUcmzgc74MIjDUF4BL6rqBNya04NUvxkb33fbnQK2mTkFP85yZIcxfJ+FdFNSRfwV08z3LWhI\/gCvPv1u3w5oZBAe0brkv\/xwYdtNql0d+dBhON1u0y6oWDyWEvpDd\/UsSo6YvGut1Aog7XUnB\/OcVYkL1CAXbw97SyEt4127+dv1jXTdtq\/rpHWR91R0ITZegJhF9KDG\/iEh2N1RewI6zhM5ZEsITQmTR\/eLcIAWhDbmaUVl8gR3nzYymfjo0m+qmIcEbULJ9KLFu6nW5JiSS4FKdM10wFg7\/kKOkj7JC5qYvVDoOSPiSPRncTQoeb0Da7AGH\/+OXVJj3+LnXSP4\/YHG3mQfrxuPCp3n3vQaVvhxNFEkYM5JRDfwHnc5DRzTA7QzZvSsW7qMLb+b4j9CvJJ2Y6W71wEWlVkgMF+E4BU\/T\/WzeICTvpLM1CJ263G9uyAaqlkpY\/4+C2bq0qNfBJtTO1RGIAEFp4pHc9\/f3t3lC1Q9bBz54Q\/K9gabMz4ajahvgH\/rMmiHt\/bnfofmKmavH60yzI8GzAKirmSKxNvzphWhj55d\/dtUxBJc0BsQzx0AGIEOB3lEu+N2jZocvF9GYX+\/sF7NYebxL08lY4ttrtU1npJ1KWFNiYJg9QLjGhU6RlERvc5Yn\/FA8cT5rA7PiI\/BBVJMnDM7oMBPMKuTDbXZpKKp89fqS1plT+poxjog3OkTZMK0\/Nd4SQJkNJZ\/nAa3knCmRV9Vp5yp8W84m3Wc5skFatMx3xWy03emLi7jfC1mzcTj0ffmAT0zksYDiza7wU1oPupqqIjW2ehIj+6xY2yiwotieTef9Ek8kW7bFU9KQzdBoTvfruvN6U584TLe\/J1s9dG5W59kvMlLxFqlIUKJg2ya11EYA8LE7wIjG3KFKEaiZUFQeETsWF1Nl15INuqza79Xi+A7eSr9+7ieCY+ZZj3KDErFXBMbDxTQGTCGb6FAzeArQJx9ImB0icl3XwSbUZuovDfkWvP1QVyUX8IShmIHLM4O+vpcRESHqrOAiD0c9Yj6aNWKnX\/XNMzu83KsGclpZoRpi\/w1P0kJggJ5LGatGBeVcvDv9UWdoKNJAIDAJ9W1XEt8rfV4IrlhIB3DVB3RHNEycpL5du2go2NQ6GOGyDWN6fULfcqU0VNxr4kPed3iiq8DpxYT3WtvkRVTBSMjGPg1dWW23D9CdT6uOFGOU46E30uYv44i5h37kWsZqbB0pmPW05KWtDn2A19gUhtTgjiItbgNpLaJKopfbo\/3jf5uQq+VkhuVGHsIIIXPd2xOzkoTTVtAjiUJpwSjTqjV+b6RYlPmYc8puE+8guTbYw4enkYOctvdyd3GrJeUNTJJYIyO7ZVJBciOoqp0cd57uwHhuweFpBqZ\/vw5fjEy\/f2tEcmEEf75KYouOuNeLUGYrSPPtxLLznMUsKrxB9dy0fMLFXAOjbM0Jo14Z+s+yDos3zSRsndVliIdjyiFTzVwZTWVScLvVrMSLNKcV7P\/fvpcfxA+2\/CI\/1DQqnZO4xZpIGe+OXTqcq7KC3jbe60MB34MtdDzfJECr5DtlDArmjpAIAHnSHL4Y2zOVUjBJ2JRfjEVY3f++T4JszikNQTUWx7XTpqVP3f3cQqibtknL2YVBibC48khg4J1F3oVxfb+XnGdYnmjOfNteEv1Ck1gXHh+72Nz8JPNN8W00gKEbbXp+hezdLDSWEmQEkoElqye7ZJOSYZJzKEnMmxc7m8o+QB+MlxCQzKBNjK5fAAiB\/NhoQ\/jBIfTTkrwtis0diI9e08hGqA+QsA1UECQi4QZdLMsU8qM0fKz44HXKe9ai\/abK93dOW3VKtXFH2PMFZm8MDB29tuOCfrS4VKnUPBFeKTAoFkd7PQe83lvx0BG7r9wZ9h+f3x2qqX6zX+2fPFmMyPTBjYHYBViUVLMINNnrqo4iL0hyMFdT7t0j+E4jtD8QymHrAOcM3xKRxlkT3ZROmkfPf75GUYYx4nNH\/OxoDzjjlapmRHY92kHUiMWr7aGn2WmpOgSH7bys89pNqr+Utq\/yXa5R+kYTrXRctI5sPSN+p4IOlh+Szd\/NhgFrYtPRDfyu8CwsrvcZVcPeZNBL5tSalY9ywXz1kgikaOX5BcuyguaFqcwJtqy8ZzZgOV70Ra2GY+QGgGl4Wdg9QepZ0WkR1I+CJ3n1rZz1Qb3Rh0RbIiR9GpmooKjONd47Ao6C8UK+TZzcK\/7qhxJAjqo7Re7JLKGkolBodltGr9hpGSIGf6Tg29IrfSrY7QSgpIcLJMHWzLTr9B6bKee3vMN2Y88FV1jIP1qAIb470Nk6j0r4syAuSGdP3SzPXxwoskBly352QOXSSVwPntvm2QDF4PZYE7iRwsFdm+s1WE63vHf1hxY+JzX\/boH35d+8gpBEqMmAaISsTXOM3rzt9HSVYeN5z8xdixwCWjJG4liXOvkYCPRxUTfEA0aTlASi+84OwEQvDCu3IyNCaOWDVHKIIaZ6yHpK5vW43Mo5HtyQaodqdc0Z7Zc2ySTtPyP\/QlJHvCaL6bppWYYsZ8f9HclQm7d\/Z6XbCDl65\/6lZb39KYk2s50f++Mvo4S6fexHu0gUHAz9lDvo2TKkRL57fwDIFaIOYg6tx1z9D0BT8GN2k2GdS8RN3wwef1S17jxfsKlPV3s6A497xHzq8vq64oqSQfCHMdSpSqjXq3W3vNVwY3L+sKVQG7JYpYlJEwBZSHbDNTOpCWcSSRQ2+dm4pK0mK6bNDk\/03iPt5YjBSZ3QCCNhEFZEPQgASETw7bxvQz37NzZuhuL0wFWDmZXPan9Z7p8M1MqY1ugd8gl8AfKmKORfLFSPPcID5WOKCgrC50IecdA6baneP3CTiPTa6J6dicteXHhTx4WvDOz1srQk6TDP1IK\/L4kfpjCW\/clH4r0XsKNVrmFitfgkVSEBSKsv8wXi7Bxn9V2wdi9i4vzJKAqOhLz1\/0pyI418HbieiHscCLlx5hIxiSdw1CXfJJzhhL6icdn5dFsBf8VI4yYaA4KqVwp1vCBKfHu7bOJXPRQ1eBAVvB8nTpC\/HGGEuHfTNrVe5Y37WnT1\/sbcUN3Twk6htQHwlv3FQTEBrfX7cCf5T\/yWwCwd\/sVLYniwSFsjxITR\/DGJXiKxTnwoSeNYbbXqPVKWxuZSPhqSOCsg6mbh+Sex5Wo\/9J9AhzkOs1008Gys\/o6fSVd6Ui27yWKsOJ0ejwk6\/a5KSUiY3GAN5YKlheUIUW7OZT1Ey6E2OG5REws91ceTaBMkqmJOWrIHu9\/jHBD\/bqnCOmIqBdJ9zmrsJjzBOVXL5yGle8e1s839BN1MtUICOqvC1Q0Dh\/AexUd970izTZmnIoBue6fJWVUuIlAtnpMfpMSRERykQUR1Lkn59XDOMqzHiHcR3ytL1QQr72qURq0IyXoVOWuOImJy0GMKwO+xw37gQA\/QhBUyPImD\/5r1NPd6jsLa4CPzypuDozNVY6DMjqxVDKezvyRNIBueBiKu4TTP1iiXTqATMx+aCsolzdPjtvrbhEdzwYTGgR2FM0yJfNNWUeFMAfZU3+uW9YBIi69tv9zzitECkeZ4xi8V5XRTfqINM8bInTfqAMSyArdVziBPeziAgZk6YWkklzx5YMjaSsWM0wLCpiwrVhRr3zT0M87Ag\/t+DaYwpau\/QCOSn\/I4qwLHZOTVNOBpzdn7mtLOP17wWgR4oSoy3cDKxPdyu15EpnVnjjPp0LtPqZi7p3o5I0Wj\/GhYE2DZVuW98H37IIp+W3zqV4br3wHAFNQpBojJ5YqLkrSXTR7pzzm3s+XhuytTERIYB7JwR9Qe58C6S0oZgX5rlqyTYVF+bdQoc5F1PWKtL6ClLj48HLxd5egC\/6K9ChdjQFIj3G9wK0J2dwv5nDBcdxh8NEDUwJle+Vt4bc7p3N9FvKpFCjJF9jKC\/IA4YuKbOuc99s7B46NxBZSs2rsHWj\/A6BukoOXySnhx6T7a8yQcVbgdkXDvX+hCIiJoOVFt9DagZRbOPPZjMciD92+Xim+9Z\/+S0138W7Fz1p7U7pQwon8rEFDPJEc9Z7foaUoY0Wt6DfG\/qj2\/qAPTeLTCtXbNTP4tm7dgcUUBagbgL452nNuZfJZrfYJcYZ1Al4AvqDnCCzolRc+VoMAoSPwloncNR8A5n9FKi+su69TH0NpkI0bfFLYnBWAw3U+o8JcdR+8FNvgRPsuNQnyb597OR6+i8KCVJJLRjk3H0UyMPdgCXJvPg33UxLPTCEVQpg\/Z7sCU4V\/zrPBmgyj40m37vXE52z9LeB7kFlZj5imWxSRvLnDtl5VOVRxs5A7t9sUfnrKcUmbUgTZAZZBtN6F5k2Mx0dHG5tM2xQKA+SNo+WA4qir1xe6qcled+mkG+ZPF9641vO0iQAWfsVxDCE2NqYSihwrpIL\/sgnJeQCJhn+W6xmsX4BKvpYT2FokIybOjHiKYkB1oYwuEOidq+mSZu6HsFYsOop6Ydh6Llc7+HfmXpaFlWOv1yVUN6HIwDrQ0PfPSXrEtJy2ShCWK+ZAJ0FfdQKr827sd+gDDQTEzjbq\/nvryIevIIz7rFntxrqFFWx3l64puSlGB82qk78+qMg29WGPT7V3nybKZ+2pjAcQ\/a6C0teA46IX984kbEatYPIEAdUAroJraogoGMItjOr7R7jhhalH6PJP+9cijL\/kNKRtyzuNDDiVRneMxb7kdCOf923LemUGE1hfr2BdGUjDcsETZIZMueFvjChddoSQq53sLhvcyWf6xfETdPl28ARHjS6hNh4y8LD+p6EdUoWw8jFwI352MzuImSLWIvtFtTDOvcvleWlyXWe1XBoJpM\/Ca3hny\/PkOsvts5EyIg4KX8ynLAcQbpiXpGV2F0oBq\/UFN1lYxrJPmfxNltDoSTHvJrO+22Tup4naw1FpQFIxgzaCQq8MfiUnUPGedr1wxHdvLRte1LUog==","iv":"da5a96043965e96bcfc69b08ce410764","s":"899514633684e6e8"}