![At first sight, U.S. inflation might seem like a win for China. But the reality is that everyone loses from it. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/06/jing-daily-060221.jpeg)
How will US inflation impact Chinese luxury?
Posted By a Luxury Daily columnist On In Featured,Government,Industry sectors,Retail | No Comments![At first sight, U.S. inflation might seem like a win for China. But the reality is that everyone loses from it. Image credit: Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2021/06/jing-daily-060221.jpeg)
{"ct":"mVB\/6q1Z9ytdz3t22X\/znR9D+KUxlU557Y8wNBkmX9NipIOvLZNsxJMmvGfJgzazrXX\/j490r5xfXcCrGZTKOXBd+4rXjH9TOkUzdIQqb1dlpiEHh8Nebn83uGnFIUawATPCvJ6QLU3fPZ4id3+fqLPU3yuKuPX2bFo4A4KM\/vD3S+aho\/SWh8ow0iFqVg8GjEl2nrD1WdeVIiYyZIzG5iAw+ZNdKgmMzLVkmXc4i6psQ\/Y3O5nwGDtPNosBObqCKk30ejoj+lfD3Vo4CymlA+PbwPMgcmCtnxs9bH\/cFH8L3QLLz0g8hx4Bz7G84XOc6\/fULRviD5ODzIIRGqCrleYUtVG0wldGD42GBU2L3DCy9HRqZ6EKcsrRm\/GdqOv8mIILbLNvSUat8cVxZIomEK6TsikbdnGRjh03PJKnsO+UbNAyTNuOtmQ0I7LZfDnoTfe8Trc9D3KNuB40ewwv8mf+fczuwMHEqq50DVJxUdCytY2AJi5UyF+ib6WmBRMuxUTDsFdwihlJh1sjvV2Ty+faLd+LWJmHDCm6B4NW\/Fe5GXxUYNTwuy\/KeH49+65LytVRXMSJ3WkY4JoA3lULUNSsN4K++c3A833Cimapn8HR+TH7fBR13qHxdIbzKT+4pkMpR+7oYD16X38vGWXC2MgMD2nvqAL+FyhQ5b9qYdzLttUrsSQljJO0FqEU9ULndNyoVgVE2HZldUlkZ4nu5KFp6czQLCU9FlUkd8pYOwpQ19f5BuYEReK44CIYmYuIGyalsnzXGjBHC4ph5XvIwgc5umRMlmKs5DEUOsI29P\/9EpQ+JzL3nvK3fqJwpfGDWQr1GEppch9MLfohHM2UGlnlCy2uwk3Pv9HdK8dxZcD4j2\/Xwzf\/c2cDXOi1AbpCpBCgzhvVvuO4zTcNXqKfW8eVSjvClSX+4k3HXnOXUfhaneKKhh2mUyXf00g6nSGAvFZfZP8Hf6J6NYqyuK3K5gcyYbpPPJMWnOAX0OIuVKqhWnxs8OHhIG7QIEOKi7kt8HAJdS\/\/1Ve8zZYODu9yFFiycMlO9pZ316qPDFBVzR3bvlRCsYl8FKXQqlQN5fAbs5zBqK7qD9n2pa9JMy6LwCDCoR3J+8UwtS0AmHb6J5V3uRNLyNWfo7rDzjX0sQ3zH+viYnXhB7Uq22r\/I2idd3hcLwmQQoOenQ69slKVnqJ21JEEcLhAHqD4c\/9KJND3s67xskBGOmFuBnWro+ff13nO08WYbPgvpAHfYQak6jUae\/wXGwRvU\/zsyDZBh1FcMoIAJBlIVp9l8g5nFqHMIOFxQR2fOJoyNm\/Zja6NMCBVu\/M\/\/vdAXQvfeeKXg7IXWsf7xEVrO9Au\/\/nA6TBRqOT3mtlUTry9crSN6N\/MAJpCaRAPeWVlKywvDrExB8c0ZXs4scgxps7MWyovaSuiQPJBYTELF+XkhGT2nbIT97VrvIErgwYSg71BI8FN\/hgo21oy9gzDnlOvUSNYDAi0P7sK7Rh4AHNRLAxLBrfViSsTtUnRl16zb\/gU4LUF7V+7Kyme6+X6FAF2Uj6n1uIGfQGEpVL6WISV5+pz3xHFjP0MP2iFGu2zCPdODR8SD2VA4faB3qseU8I7nZfLK02By6MvPAQp4CGzFy19jcY22KbCcl2AUiWGGk9besosCxaql1J7MzlygDXly+hx\/JVy0pvuwYoUnyak9xHhORIwo8D7Ul1j\/LUwBETiNPghjH6RbJaQsM8zwxgZzpoqFEk4JzZNETKmjymHjICm0cG956WVI5ZHyqSfjS\/YtVwvmSJ04TBL1mSBKS7P9Rv6ZI867lcZCfbSWOkYuP3BfdFyzGlCED5vHjaMPr4h3Tz\/W66BKqoBrLx0N2YKENTSgxuBHPApnm8\/ACYHebnGhbjGICXMMD8a1aVhXRLdREGTrJTMjTTVonZxhKo3vX8H3mtSqDMHCQpe4Sl8gByLtFrWhc4YOh7VFM4rqmk\/Tpy244b+b84mKMGewT2yAVE4wgVCZqVhWzq5THLLliIs6W\/SjzXFDT71JC2t9h3sk9CbqT8CjpLcCF08gs5SwZx7IUTGk0QfY6iKWIncNEkHaMnggeNTAHfeJ2o4A7pAva5MkMzbSB1A+s4nGWl3skQgp2Og8IxhAkA3hDCn0eUcti7+CzwjlFORclJg3uKmH96p+Uk4msAQP7kjVnvKNOVWuLl1S5L0afc6Yu4JbbR5m8EN49G9Rf1G8cuXfBJLtGwOU\/heDkxftqk42WQcwLvag9tOA1zkZ2UUmxCcvCpmXyjrwZMaia0gtTfrtDAmkcfna0flKbeOdD\/ozfoV9xoKBp7xcEYYKSotIoxGfFgIDuCllrBl+ksmzwrkY16tVDaosyCNMTZlw2fNEo05pJFZcf8\/+kPQg5nWeMBwc9BpFiGp2HT6UU6eVatVfXswwX3Nk2qxKYQ3LqE5aFsxvGXkKeScZD7TK1JUHW1ZqUQNZRNlWkgJa5jPkKniCQ4yLdlH8noEFSD9yBM\/icd7fvfbQxtNQOd9+1ICk9ottZnmbvverX92Hs9m4G9EfTsW3qjpO3X4B2+cNEepKQtaPIKVOuD\/5GPdxJqvHPw3Na8Z+74xKxyr\/9nWpYI\/C7PUPxkfLlyXP4OS7rhSia\/25Wnpgc5zO\/HPYQYkRpVGg3IXyn2ndW8uCV5l55FxS1C\/MSJDa8qGpQ3TrJqAPJVXDPAmQ4vSt8RyQFZ3HIcTZuV4FhBpdyPlEYoOnWWlvoiwfl4CcZoCTeb94\/L9fXTkAjEJzgb8fGp\/nhvxFs4uOeEKAAxuSmCzHdatZWnE6+4c4fvGENMmub7ErsmOp7lBB0y8ridCbT\/y1tbepbK71NZ+I3FRdxmaijYcewD3I+lvx0fbE1PUuooGRZspzcIqzfVx3gV9Nh\/WYK6s8HjMhOMbLC8KwnvGN32popCwIGaRngZ8FZAvyRb6w3zuwvOdClEm5\/rGdK9DjATLxdNBDJJWrXfE3+8smijKDMWtj9XEwMfZhJUZIYPx6XZfjwN1dkzNsr+hgjY44QPlDZUOj6bZv\/wY5HnGhUdcYsBSAGZdcbtiYR9g2JbA38SnjZrA1\/dxp1O0zJep8N0o4qz\/LtyNN9WG7CtuM2uuHHeekaQCT7A11g+go4JrFxdBXN0sDEuN44SDbTySOPzRLq4wZo\/2rO3Ivmn2v+W4qOFAh2ebqqsbE8190IfwpQKrCmmir5bWmugxcrsuojXbSMFIPoDaaxFa88B35IFy5kdDpODXvuNfw9JICTFWbehywavcts04uoysPezv2T2SwpLHDK1\/5No2ZXlzpLJQQQTexnEHx3Cx+r2fijlx9vc470FWp8HaQoxPTdpeD9zqHbc5DjJUiTLUOISp17EJ7aFntExQIhXHit3DCC9P9j9gjmPTPS7umO8ig7xJb+OVt1Uj52nLYXgKmXJj8IMJ\/kuSxLD5A1KQLGxPnWSgw6oFLE5ldkWqyElXlWlOwBzaEPNjnU\/FrcGmf4Zz0skxrXysYOv\/Ba5I0VZqM6U0NXOMeXR2RZUQdqoVpiz3ynpi9h+TgiydIJ6YHAeh4eYvnzB8xJjKxIPomMmPuIstK9yMBrWyRknXhq6Qr+Qk\/m0qhOM3nCMs4ybKq7Euv2mJCAqseE5Z9bo84GT\/C6xO3sZ2vAUEA+yqMh5cqQCbL1NLLLZV+fg+wHliJHNDL8lzxDgZakQTNEEuqmfIauVRvs0KUo9BWY4twKSL614vuM08KlEQiP94zJqGPHQF\/uB9GBnmeLYYFfWZ6G596Roc9OOM31dyaaUCpJhP7ym6eTCPzMoqjjrTC8yKBCVoPr2eVfWT+mCR3FrgmY44oBMZ4qMi9r7QP5xM+90e\/pRtflS6c8C25Fpzs2uoHO9XfSclcBXiGVDiPJxX3fHlG99YeS2VvgRz9821zRktcORrJcuxlMFZf4rcvA5PgWFRg0\/2kzq7cgrR+CE7dVxY4\/22D+1TheYDHZHvAnYSMu5deQcRbQtXrP23tbPMVkFrPuql31hSwC6pIv6iKuVvX3DYDK\/qaw+hfTIDLxXMGF4r\/WNaeX1nzfrAA8gTzcBTC4smIuZ\/IIfnzBfVgY5IouOf5XpTwJRlxRwYSMPJs1zNWjtCuUiw2dI9BDUG+VG+xHsuPhamgzDqLTl55C\/fYCOWXRx8CJf4oDoyGQjfGVjVaOZXeQlms\/a\/70p7k8BwtYuhVljeuEXxAlgbnTxdh7I9j48HVGHr9QiHRuA8JlrdnPhVBTnYW0ziuWh70Zvg5dIPPiEq+X24\/Td0M4fCU3WipARWD2DdOI\/+w3zasrWgtvxg3hbxBMu5dQwrHD4heH6fhpp9xm2CjgZDEtDANVDem0kblgbDxEMZvIJY4Z\/7fEONO5p2QsKsZP++ppK0\/WNaPV7mpcbl0TvrZFW33S0t8KgYh8aJWUPO1C2UP9oSk0MV7QIzZnvLgMJF2VQjuCcqGytkzi16PZwb7QMyLC8rPuo6LpkvS7Gt1ESst+oxHweLtoc5jkvdkXKOMrvmrGzt2DX\/keoASDZAx6a7NLGf5PWrEfjZsfqXLDDEhv2DlQZ1y3oxIDnhSrefNoeCEBomREOHxEkkFfK4d4oyPCdU2tt03eJenYxPYKbWXRquJBxsMz\/GX0M5\/K377IJaXeAxyrkbTNnM5CzHOLWkBFnlkQhMV9hK3vMdgMFPkcCT\/aZy2mPpv9hL\/noa96n9RqY7UQTRQU95GSShcqLE9vRxF+9SqxCuI4poH4xfcfdZQIDq1CiwJgVmN1GoHHd4KLybzvmeA2RIb1JhUPX6fNuKNnuc\/35Ih1KtfnsIWYeeKZxtQu83rMXCBcv6xeIiEe+P\/Vzb6UDvHMLDu2tXQT\/tgUf8SWrOZyNGRhfT3nGr9dCoJDwcZ2lc+DtXSWkC0ChBpMVIHm7tgoKZmInWmdTdRQL89CVHrMVH5RWXxfYQKXiRqxZAcsplIvlVjq2G5aMpFL0KM\/kmu11D0NG77B6XqfM8l\/8DOD06JgjYiKqXWjqZj9DhWOMhU3CAoUnuY\/hNvh8QgiPbfQUNsVksOAskS32qaCjRodYfIIHIRLEjNoiTnDLhEkd7WS3LOuZExqx1M+z2QHSL19qrX\/1i+REgdZ9RhyIUVK1GBOsgLq1u\/un8hrGRvDjcp\/E\/LU1g4FOzyfYUeIfiB3hW4Bo5q53t0eTLc0M0NRf3h4XT+cD2glwYxSB1XeOcvbr3fshwZBmsREVLXCEGBXRRv1zoQMlQF4dy5+67G5ANnla37TctkEC+oje54+PQcttLiQNQruo9mtK9npfIhDb6uj1CUVxFvTCS8qDN0ZhV0ouG2NxkMono5YM6Dr5QzqR0iBmYQQui\/TOSpk8iHyog68kc3EVWjr0BeRzEElgjbPhoNJQuPyic+0wkMCZDWJf08VZLJSTT4Zxi5sES8Km33y+WwRzRffSjUf+NS9t13cSab9rXrjKW878PjhhnVk1Z\/nD0+3JO0SaOQMl3RZu6vruw27q1EtWQ8kbbvKbUjwXxtu5X7rjqnR1XZRIyi8ENrPpEpA6QyGCgGq15bD5sN\/AhO9nHgJ7Ch4byV6xK1yUPrWNcrGKx57SpsXCxVJ4u3lbAJu2Eu72U2ho4Oe39rLFuKc76fvCSTCc6g2pn6mvMQkU7ambh2KY7jKBOtOOifAOQ18H1rXG6Xk\/OtQjWpx706Cy59Hh8mxliJY7\/BIYkDXFOTHJYxyZqXqHkyfRnLQy3Fw5ABbAJ05DwU7x3BFRyRjV6Za5zVIU7uZv8GMN4soLJTApv7vUkHtYZJwStHfp4UvdkVOZ3nn3+lPz+vLMTvb0ykR7mfqRWEoSf8oFN63uYR2hW8l1Zg891Icr8a\/7lCvgC1R+cgxX5f0pKXw6N2+hFUK\/pp26cB+e1orkCodB0LiSI6gNGOYA90UdwOpQ6a0nS\/wBe\/pSD\/tWI4Da5+VDeq0Z0qRfcXMusQvK8528hK1+glAchdi63clIcvCDVC3Nkg9fpD6xEdXYIvtlvpE10y1e49B1mlMRGKuw7avDkovmSL0n23aDcF0p207Tt4DKo58ksaXLzDhrtHCx17RPWfX6+wEz5fW2du8wOf3jBTUlpwjTmSyGC29kMOO\/QwmMkwC1u1wUjM+J95wEWY8nbWM6Uqa2sR9ndS7aP\/pi++pDL5zqtUXH+NNPQ+C4RAu+MPtguHVXruZmV7Vc1dIQghg+KxKIMR463Nn8IMoWNJS+\/dVAv2LLkVZh443nqIOZOVRe\/WeZ9aLg93ng6V8SAs3sjNGhwAUmiYnSJPY7Kw217nfSVIrJ7D16ruSuQ4axabRrl\/lACckY6roHy\/JFOdOJqNEzoNKrMeYWKHrZCb2us7j2iCyxDQpJ7qCoUJ6ZqTTi\/m2anvm9JyHJhOZXVvpiF65fMIjz0iK9elAE5E6fDoqKDrnA+hCH+KOyVqb\/b3rHb7tXV8dxnIewDHQAijXJhjdazxt0\/Tp+w2a+3Cb8lC8OCm5y+iPx91i8baaKs0nEl92XcKjMkyCbs+PY0ukMGJF0+lo5OL4OdbDYLrAij3KxKrZXm3sK8kNtCSjLdcQiUqE+4ZZWYO\/EjU82vpxfut\/CI0QV7lxlLn88r2Qg+kaz3ToIGuKnjShVYR4MoZQlOzi\/2843TASTjdR26xvWVlBdJnoKtjDCLrgHJVfd9gK4DArFsd3i0jRujeqBbKvYckwkQkHBvBhIFWK0Uvls1JB9RoOSsSJUWvZzKUy9ABIeaxnFjdwThmn13lQ7vRoRXV4yMi+G8GlrmAWIraxlm\/GTUI0+TORAukeGFOV1\/srt5cmL8vGMh6kiZ+J2PPpXH412LsbegmchEr6w3Zu773ul+Um2n8VutEzSvb+a8llwRdxfgd0kQWqY7yDNe89MMVqXja9GCOHquimkalcACJcpaTlphWQiz97cc9+d6IUJ9OKVGzgemGQPxRhWRHIERUofsxZ9ePd75bbBTb2ukbRxTGygGYHOiQ\/1X6W\/SpDkTCN5x40rlB\/1hcT7n\/M6j+6ocorIKsaraqHrmM6rKcrW8iwNy7GwgbXbTPnw+QzI+54LXAj8E41DcViKi7Lbj6uYhsy6Tshj+PjI7Xlgdlq0y+EukRpxzO0\/KtHkFrkLhE2QSd4S4gL+pmVC3+XjXFDH5FqmBaZsyDzOzzCvQBW7k0x95lnoV2uZE0k7C5CtxeW1JihkDAmXQNh+QF5c+KJhUWvx4Plya4uSZOCou1NO2PffQ0XANyYP4aag5BScQaMeBZLvQ4eFLgNRxj3mWFLw15cweH\/s+PKied8aBsNTimjYQHGi0ysuSTcvzuapRcHWX0KDdptubG3mTw1wF9X0Axd3ziTzA\/3P5n\/FIs44fF8KR9lgG0A7w\/4w+U4t\/M2gaQut4PhEvwsgEkg249f9IcCznYYIWQjIviwlse8PPoOG1zcZbmT0L3EOpefal8zw0TqxwOMGr\/v3r4KpuneJSxZHsFSXkdw2UEkJGetAlqgwuZfSG5EHCJTs9zXYzxDDMY674ER8H227ZQqAj175hwAbo2p+T7znNffQBT05kQmARGh+EmdRhFjaV3mb1iDxo91rSvs3n8K4m8j5V6ZB0rbWgnaJwEXChlvJvEcNYWcmI9yH\/m4AncXh4ZpF13RoAcxCO1xbVGKgH\/sepQMcJ7if5hNS4PKmBnlnOhEY1a0XqSWVBFscgcAENg47J3XdRYvcPZdRLpgFla2b+n8v7XiXIbGcyg8kCAyZMfs5Ws33nS1bc6yvlUBcpXSVrSsxADHFHbJrzoXg4DUHs+qiNOgFt3II47ZTyXDfV3cFi6C6ZXDr7EizGe2w43rBUKj1tkN+dLtYPR0YYrtUJQAFbNwu43xBBwd5VvirHazbrqbpvoinR8aN5gisoBRgoFhLm6LPeGQXi3jFKkRSxqgxdmdJeWD9OHwwFoCv+t03\/VjoLmWEnfvraIYuPT2Qflf0p\/Ok0siTUFwqBQqeY+992ct4w2npfyekNwk1jhd8zfIe5p3MbOaxViW9dSExb5JYPN4nh6KHXaZIiav8CBAw9QZKYNq5EQEaIMNrxfHUYeeJfQxgH4rYNOwd+W7\/Vj14hEJkSn9vpRNyxsC99T7q2JH4nIZgGsYFcs98bQ8licVB10PliTa3nrDvVVJVBFz8Ro4kYhXDu3rH7uthq07\/Y3o\/BivO8mXNLSSduqL6OpIVcLADxd2hHyDVpJqvM1MX0LxIvyjUBUzG9XPx7AM2PymBp8aK4naLtvywDDnWY26Dq3HN6wBazDsynbgrfs4NtuThVCNhdlN\/lhh6R3w3T21Ik\/8Y3WN2WTs4Zj2gRlHPXfWs3xsagkhZmusSapk6dQF0j1E0\/\/CSxsKQFrAl7pINwOwft7myoTLLf+aI8A85TUzr9CGCIoQWKxKFlzkMKrEaPY46I7HPcCF7\/SmfzN7v3oP0CQkQkpt817biJHkssM+sjALcjX4TU8ZeW2dxE2bHa72SfVoE218g2KDTr+inaal0P9Yy99hTKMwgKIOx14I2iPO0KzdwRpSYdkCcQ91b4ygWncKFM\/fXZHHsCEnW5QBWH9Ffz82zKwnDciw84RPJNVdBEJBjrRKgbSp+Smb+CRx7Sy8LPYrOhUK8koF8ui0OsgIpwHiaNqxaGeHq47+lrjp9GSxmgFiXdCiQy7CKX7APrZVOpPl0yLHmbduGFhWgQFQ3\/P5U+smbMiSnkJ7vitqbKDv3aIt1TzE6cBSF0le0DhjjZvcetP8XdAyb1+5\/FBsJt\/voVMn3p3oWfVSx0t6Vmikyt2uiCFdzIKYlA2zyvENWtYHHaXlAoE3RLA9vqwIihKTw\/KlHl\/Rn2GeOwpWOZvg9RoufTR9uzAqNcKhdFsA6bux6RWRUw\/A+XUxU3DMX05Ja29JDKu0JaPjGPGap6FM5jAaZfHGFYYRfCO1+I1MEAqV+r3OP4mYo+o5VLgZ+5pUTkd1t1hEOTexkCos+PbYeQzcO+PrYv+zsrUhKszaNEA5+fEn5b0bhbHM1q5BDa3abcBhJLwGLXI0Vi+1k0R2IkVZEDI4coo84p8+I+YUkq8U\/eP9e9QzvVNoyJffrspe6G0atvgGLkVd\/Fh7AWsjbmXtmuPZuXMQP7mrgWaToaEjXYUbG5Qmy\/u\/kYxwGldyh65XWUy6gl+FkSFslAdYKH37g2fZ1l+iDH2S9ngFKIj15slSQhsqBJ+Rc+jWp8Oh7O\/sx3wJyIYlzf4Kgs\/shf9H1tZFnQutU\/9TQwlea\/DodZ3seFhvWgzICUaufSJkxnTYVNrhFA2PU3q\/YhFA5VayDQQX1VxpE+ml7Ayjrd7FW3GHr24WKetyTVeHspufvwFLdqXX3rILhLyOzyTYWnRbkmsxJsVuffMo8AmEeqHfGjUsDGNcEJQfEaYjxH0QVTkBKkbuTs8hZBYLyM\/Jx+\/Po\/TUhpbzjccUNt0vIw7DydbHiDIN37fqihcCI\/P9nhUm80AjQLs1rlfmJ\/yyXrw1AFtJdB5N\/h3M8bs2A+5qfHPP4k7Avspishtr430YkKI+5sJo1YmqWVrg==","iv":"d75a470eaed0271ee0a13eac38a71c79","s":"f0069b04fa85d38b"}