China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Image courtesy of Versace
Where luxury stands in China’s consumption-based economy
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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\/1q8Fvb\/BuOQiLI3Qdl+4Hstrmf4HXfxeh9huhqxp9\/UliBKYDwfyZP60zaCAbIwDvSNUrvhR1JfFqtUbyfumCtuQaREluZuMhd7QnVWOT73lYQjfJ1dHi6Z7E31lPTOoa4rY5wpf8nQy1UHtrlJyQWwAf+b2RTJi2dlWFhIOmL+bMgsxFm5qMU41WU2wXlz8VTww0IqcXm6GNwiCwrCViWIDuwGWY1M3puyqrqD098OYcHjxcrILV1DGtS7rZicjBWjcAmnwBzYuBmCf7Dfg2Su95jdGXtmUVaI34Yn2zQPG7jhgdkIghwU6Uy4I3+o6UAfrjzPUd55CbHZTh196nDnQgD4vFC1Iq222Z9zTlbBNutm+0JeBR0WAn6c0J2J40WxGlWVFoqFiuvMu6aj\/jqODezdXd6xbL8fi+pZpXUZk2WGyDVBnzh6KxOeP6BTzG0th0RorfNDBs2cvgKlUsgy5Mc1+PN26UP86zsb9sc7taWntxnN64pVh2QkKUjvsa+qSGYEWKhnrFLJ8\/RjQBgb3olKSkVyCmX0sDI\/9BRdB1Nb77dAZ5aox1vfFrjwpdUmbm+G64hfKGvGthiHUTRHg+7b5idbvzh4TkDRnyAP8AJLPJhy\/ZRXhriJYH4D7vIIhxAUntLqmrtGvloPgVALqpr11ZkqKL1qJ3v3+ipoIxviIANvkNz7Ksn+cvb8WU7eqVKflT4N+02jjJILMvHeJwkuZS7VscpnNSTV\/H5ZS5s7pfv0Mc0t44F5cp5YCpwHr3jQvgAxhl4sIKU6AaS0dla6NcLW2ajd3v\/u+h84VdWVpNpkyDROkhFPNlhm+JfMzJllaMyyRuQiqs0gYVstszppVBG\/UE0TXCWg0xye3vjQNhUVP5+USYqQKHWVvKMIafPw7fB52e4heGzcHNnH4MvOu1C9Rwitsbd2qs0s2ItIlPP\/6+g0Qxty8OcRiph7mQg9wG+B1P7gKK5qhZK6PZEad5ZcsugKsG7nuhoilA6d\/ek0gtLrG1cmsri+VjfovlRvyv1etSzlEl35Bmcnfu0vq1XcpIVw5Q\/7Uazb31mP\/QmWN12TCdDlzG055O1g7mrtkx7JC1ZWRMYctIWY9uB59OUVruAadfMsilp6jKlk+qt2ksApEzCwK3\/dAZgKUwr5yn7X2BW0l7WUob5FAaEWTTh4rywmEruTCbOrju5StrLUEN4qYs8GauQKSshICervmMGGB5prae4RM3MPAAjvmLdkMkPQQuQRuDuRorM2eYN6c4M4qoU3xaa9dCkfophlx9tb1+KqxvRDDJATGwB1vPRNP9WNPSzg1Ja59dHbBANfifEA\/PtxqRYL90iRV+B7EErha6r+o4fvHQALPp4jOB3hWnGt3HSxypww5Vqqkp1ni7VTA6qaIaVUAvheKj8FF5rhdlYqPQzFYr9Lvx2R1HDlovmk4RXrCFRb6lv8ca2sk4m25F6YE3mlfmKxCodMC3KpQ7lhE+ymC57XQeBAUNx9il4IH3xVrhyTqCVf+B0jE\/vggowm\/pmCLISd1JVNeTGmYz0avXfrBR78V5KnUGM6JyeYYZw4znSV0pViA6kzXB4eo0mE+FbP3UyrkEqPEc07UrLjXNvKg7I7wC73DPoJhuQyf1vW0U0TQWFLBKQbszB\/wWLI5gHaMaO5M7RCi75ED6gUv6NqC4yEYsnTb+X8TPjbSpl5odnM+pJBe7pPZy1KOol0dwYndSS8Jcz66eW7ElFJ4fMYCbMkCgcH\/OooAFk0YXPgaKji89\/qiOwZnS5uciu08sX+TP7A1GJi0vNp87HcbZvDeh52xMPuATnbCjgIzwPON\/VoIh24gQkqG52M7iUht10aMRC1AwMTZGGOsrJTsmsPCSnkgchb+\/xnKw2t46pbyNTVZ3fS6B\/H\/9tpUhd9NOVfv1bOwTzhPnp+N5i4F6bYvMBVh7sqAOT\/LCj+T+6huPL\/WbsCfLnUE3CJJyaAvZ6sQqG7fbvL2s36+KHuYtdHc9wtVqt7CYqjchK0przvd2E+94gq0u3IMN+EQvcJhZQtF+NdCYItdM2m8VZ+g905smE\/0YjhWo5wtPnqYhDF0WQyzGhGW2xhoFHWGACfUNOZZ1gh1hXAdbJAl5844VvxNLT31I1FwhGZ\/wvgKVTRl4sQV+NMf1BiyCmaL97qE\/16clPGlSyXMtiT5FkLtERhlf7LscyCzOVA3yeeSaV4Y0XopxTPFXc9jnKICSovO4xmjEWfzcZQIf9Fbq6YR1raO4m9jtWCH6yXBaspAU77R7xu\/tPJQYswW5YZbpUSblaJpm0rmUfCoB9S9qGimXNZOp5bb4GT4Ic16LQxoO63UnDfqjLJ20StZI0\/NJ7jUSZ3qXjFwDQqLKTZpIqmFnMToydRkdPkdvrCJ97TZQzLkKh2U4QDHqDBmpW+dXM\/UoqUdtkCVxc1BQEi5BpfVa2qdj3AeuaSJdw99mwSpfgBejPzTgtVtztd1Z7yVGN\/voPOWVmSpNt2xn5U9XvwGlRGnuNI2Qpii2r+Ya\/r4CNJ3hR4KKELIjNzSmkEkke+Ta3L8ijNGY5xENi9cq6c2xPOS1x80pUt7G0KTJKXyhZP4MU\/uj4EDHSCrydwyIvMqjCvwmdClIMPiB5t8k1QWqXXlf6bIflLzJPT2iVrRYy1gHHujleehMUje3cN\/b6xI0nzpQQKiZIu4MZgfZYu5Tg1w2KlLFOjuy9+mfNl3F0iGOAHZyXW7XNXcCPFNw6OfDCSUKzIDCQ8cle5\/EjO9rSptnKS+xrFZuehIxP1qXynyQ3w51EDwXa\/1ytNQro9k+Y\/QjtVobHXeFre7hbKwpKibkev5pVICzQgRwigWlRdI2OEJp8k2ecaPBYwxZb6xFsNsQGT2FKXiTonO\/1J6EE2yYdcPGOHaXTmjAjB2mrKhQGx5s4HtMab7SqO5CMjAMVIDGDUe7OO4+VMaedHpOv1cNwRh4KNASH6+h546JWbFPZvwqlv3xOvkgJO0PFfMrXw76b15Jof0mvBobjRdIeTAUK7erULuWeV3\/sVeQgjZFb3r3HxZPaG+R9aD4\/5R2UNAr+GihOSCHaf9hRKbM+n6\/mOvm5vDNpaUC6\/m3xSoEjrDRV+NGI4q2LDM\/i1MCkBK0bc9DWjALpfLYZkZ5EFlnO42AgCFrj3Vrp8Ry2hqjjDJUpmQQTwW79c9lvUVOAdhVbyTeW+fk4QCETZwfgB02Qs2kft15gmNKWHRly0\/Z5dQa5SKP97PhL4zEeLj3S5mU5NSWjMzsKLymWBqbNxDcJ3m3nJW03ndGOoE6RuLAS3xe0FcyBjRLh1+JfRLY8cm8fX7UXRxfZCUdWBl5VlPRN3H3rLhWoJ8AhdG9HxCCDy6oZnRlT+ZArU+5+bB0Diglsk\/yC0VSEWBVmoiLVjX9wbetNPGfHoiu0D2NdhUugFpz7DwXK+U60yiZU9pgaTIuu9e\/p+pL5PlQqd2STv+SIJmryBOJ4at0sYmJbiT+NdlJSzkGlPQTvYqIY57smoWdmvwgpC3GxO7JZORhdKtH0C9AYGivo3XEDMdXq2C+SVXYPguimgpkbojRaNXQH4XpQUWPRhiwajIE7rGcLka0rOBMoq36rqX1O4h3c7DQ1fu8x0oOk2tLrSgAlXyH+cvFqevnQ0FscWvrRRKiOp6\/ilmiP5hAC1SHhlbbnWHv0IUcoGNn7AJVe7z28oF+414zkObAy3ILvrqv\/4L8yI6VNNXrr3ehDBqo+bDDrOO+nBBysnwUz\/UakS7lUvEELhaYJBNhd5gQo2UbyN2m4r\/bz+JpqehhwyTo3ur9nSPTJIMzS1KSSB7kvFePz0uu5GqYHg6lPB+duPlWnOvXBdtBynm6LM8L2MPyIpGh6s4Q==","iv":"e710aab3cb8cee9c17962992e76d20bf","s":"58a7bec55396d9eb"}