China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
Is China’s debt crisis a ticking time bomb for luxury?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors,Retail | No 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WWsFFpos+XsKLUYpMwq42P8xuWw3UNQH8suhfer\/rIoPQHsPSwjYTB8acrTrX1toep6I1dwpYHQk1ySXyc4YgXaW267v+iEYTP\/LF3JpLKe3ogqkwGfyDGfNOdxPJwqswXkPj5wlFJqttY8qjJi7xsYe9cPTJvf8Gha38Pp8HfZk79XDaMXxqA+2+gzrJR0y5AOZvV7FZtBgcyDSF3YlIY7sZ3SyCrNH8cEjfXh5G5WR9iYE7+SKbDU0TbEtqHZ2JozI1NNVKwPrUzryBRMiS2uClvd4qO\/nb2ievhjGDLb\/m32oUVD6VB2+1VsNVaK2vH4UNuTYhyjTuEdZZjxUUfttexIGkGyx5xTA1MuMbUxXk3aiCaMsC9mQY5Jqu7h4dpuDw9JZj\/V2kiIV9VQdF6j\/uRw2mbioGb0E21WDfYX68AzBRPAMY23BQFxc\/eKP+Gy+5GoFI8n208wThgWXvlxlfP2YevzFdzrNqLLYeNuM79IlYXTDiCzjual7g4ibz\/+Ls02DWab2JP2w7eZFycqyJ5BnmKJkW59H0YJCEEcaJsOLQo1rY\/uuxLFE\/dHboIZdFPMLnE0rCUE5NOphwlTLMFUWj5bcP+MEBvJnxh57Z9d7lLclSkvjiVE63NaATDPDlSvjXu\/TzFaPAC5YuSrUh7vIJHG2phmbee8+jcOCOlawtK2dQLUMuw4tscZVcuULo8wkYOYN35SS66HCR3mkRf\/x\/rxwTKxdWja\/caFdNmXDf6049M\/DuVN7HnM9ARxfQfIVDyykTeiK7ar4SASfD1AtWoL3su4mXVEQEx16CPwXX5EgbYPr1xTHQwAzY57SGAmFP9YTc9BkXMBoSamvylzP8I2qIKPwiTYotW7G6zBK6umaLqTl9fVHhmCsX9dqXaceZcCC8IJiI+WH+7NbtAU5tpaX6HTvMGExByh2FJwENuJCoJsWQVmlz40Ko1gOt83NA58JCFH9\/as2uzqp+VJy63glFLgvgt118FcCweBLfJdpAb03Ne9vHch+VI3i4nON6pY6IHcZ8FEHQ2x\/t86Uvb2p5HOS6PVOkalILQ38QNtTb9fA1oUdg7bVWpzT88Gw3cJCHnQkXvMIERaTuqdEtFl9RAKpvvn88n0qNpVqoWYKP8vj+FDgbl0Xt79Lfn6LijGnUA9Ol+27VBvspDKawxTqglh8\/bnEuWaq7MakKCuQg9\/LWSmYKY7PSzGknPWjAAF0uRCHHtoKaGY0W02\/09euuaTNgpylcB\/hqw9NMOREWjOrpVHhXobMgftrKTxXaWr7XZPaNsZXyki\/pLX1Ta90s9lkss7SyMtWwv2JOwvtJnW6NKJsXUVpPeScrsP3uxBKbi5G0t7pp+VQISFZLMPJB\/H2lHyv4xN4oxY66WoCwfkVyzvFa84+IZ9h1Nq5xk4vLQJvDaGu6YbOWO+fzT+FXhfg6hQnfJyr4xUzQ65nn2p83farQAatK\/nDMQjK+3s7wpifXZgDPAYcQ\/29QXvGqDSNiCCRlDB+gR\/1c4jDasTWRxhs1FDGrET2BhNuWt2ntPy9Y+n77yEpCapy1XBYFpPqriudtrQTzRnAmgul+7XbH4Xf62INO1\/\/d\/yb+K301GtQ7EVbQKJ+ofMyc10K8Dh07cmtLQ7pm+EKL2gjl6UBKs+fhwRvRuJgLx6VyZao0yHAY6pb7PfXqLMc+kBoby5QRJkmyGTBg5hXLJRqp6a\/M714ziZcQn39jb8BlfFRVQ3ESCyD1VY7B0j903UtKo28Vwxzm8l0Rn59aYt8lPEyWwox3gUtkBreIgHgtHARBQrLysCL4KCXG4eQ5xPtjpy2Xb9kwakRyLisikIwbbJwdAWv6tdeJ4kSyO5kVUrPygWOKsNvPRdKx\/r5mF+V7VplT2K9rqTRWBG6GfJi\/VMM0\/dpVyxHtTJCjbl8puw6GaxlFyPLxPP10JyJQQ7k+O6irllTzSHuKwfONaBb4EFBat165EfcPlIK+iISKcZUscIApH9DIONsMbEX2\/AGJs9Dx0aqrwTpEhgI9TdmGR1Qa4rK5WKNVpujHB6XpQlk9Nm9vZkR6kpGjXkip5QOLpOkf6Q0J+WJs+bkOeSBeeBdRZVN+yDKVI0+QA5TYShWcEJfS5\/RhBwM2X\/+1hjCdbTn7BKivHn5MTNyXZbYIwcr1HJuaytsb8VBa0Ah5rPZH+irvW9qxb9SSZDnxRavHM7d4xZn+nQBLmap5SjGrTxDY+fK9TJ+MfxAID9RlpLu4fsoLwcodtgBmFDJk2qxOD6ctIx3WRY2Y\/25FItYD0hrFTo32gieJbJSHlNby\/VE+xgro1F20TwtfQy6n+ozhg+ufxwzmpHCgyk54wKWK\/q83R3v7UAZhUg0mrNVlwJVh3\/1aBHvgyh7tH36bGmq4hc4UamO5msbhVL7+3FtZJvUobL5kjJKI+p97j4MZQqPgf835l2wF7zMI9zEAVLg5XIdTy9OdfUEnajSiMfY18VTeIAiL8LKmORH\/DSsRHDgnuTEUQnfZfTLvxeneQZIZdRTaBGAQP4ZDkJX+H1fvmuUFpUdlYC0CZc3KS\/eGKeib145gG0JIl2JccnJTu2PvKzSh6TuZ5rq6o3Tt3Nao93PH0m5ys0YuuKtJDUPu80OqkylIqCr+XtX2mQpKhB7VctvHoQ8tD30jdPg6LpqllENNJC\/afkUqbcl+h0VdELdldUc8MLNfbAsWjOQx3Jx89dCGKSutK\/g1LTX5UspBIMuJZvdcPJ9orZZF6BtB6vg\/2CZPDEPDmTj4uEVN5tKbNUwiMQqALoJOvi93hsqVK\/vmk1PCo245ikPujOdOjBTZ2M6BHNpqj7e8oggLzYm229EJz2nCoOrHL774SMcMBPDOZf\/7ExM88euroTc4zstBE\/ziymgg1HHmnxx7BnEnuPmAJLNtzaq3luJW6jsy2zCvwbavWKCF6zqV1UNFO6kUeyCBFAQBxN+wGyIkBC7nkiX8aK3fo8LfiGQa\/XrKS4cUGLOhCxrdkATsrd0NXnfBX4EPfdee\/ORegD1QITzqD5ppYvUxZ68b4WzDbCcvmeRSP6EJsqxwIS6HFMSYkdVO\/5DzCGlgYWXcXqucqjz+FLSwXMZXEssthpWJzOHRdLieUlBb5mS2C8tTQtJ+LgSqg2qPpd64r52o4zJQs\/awfP2IqgzSeEr5ZBEKfNZUP5kpN0s7S8sKN0oLJADlMuwmWT368CzSjsdtQgS28Y1\/QlHifLiwOG1jo4DTNN\/k2jSjCA8xRod\/Wrq0Dp24LsXZOxSfOw4ebEV2X2CXSkTsgUa\/2JjA8zgtQPMv+TaxXC6mrFonGyICvtKU3YyFaGPK5BXrHaFkV6CzhiNVA9h5VG\/29ePXtQKL1YIZ0Z1uAAsguk6fKuxdOj5SRdGLxFT3ZeqtR2SaxHxqKcI84OHAfp\/0YDofuV8fznSGQYo6wybcyB84GP0vXwnYEHlWPagdL650A8Nq7Axbbks3dOxPgGJJFEDUUjWn5QByEm6K6BS84LEOu2naDYymTinAa7c2ZC19\/IND+HuwUWE+ENSDvBgKPDTMi1Oa3ogcVmIOvlw1OHNNzBeFr7S3RTvaVRkZG1ssGDsDrQOJEgBWDwDuNep\/vB\/gGSv8\/c\/aMfoQkqg1HZsW+6nU36OyHmgt4871fJLH8QgNnYsbDm3LxbTbtojAAJRMmG80QcmVMRNEcKAfHBd7\/phNTgCgD8gsmW1\/sqXmARRsPtjD7GEdkhH4cQr2OI\/JZMZ6ZkSmtakUeO6aH5nUYExzCiAoZNUKIb+qUsgx5lxDuHMyHGthKKRRU8jSVuGW5NhnMaC9Yja3cxrznOwFomEOfaOIceB+EEOdIUpwv6diyYlqmg0nPKtZuTT4ZpkjqnSZhKtUl064lZZbl49pjfmRbLCOxs5AtHAbUVBTDgtP4D\/YCAOZsnXSAWHOW3Pm8VGABAaveh082Y+BZ7M11Co5YgBHpT25sytMlyNPU2\/Q8NaSTG41J3bACbt6R93U6afXD+LKC6pgCe70=","iv":"ac6daf340337171e6ae5ef046ada03e5","s":"701c658c4222e390"}