Retail
September 10, 2021
Rising incomes, dynamic lifestyle aspirations, and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Image courtesy of Apple
By Glyn Atwal
China’s luxury market continues to deliver positive returns and outperform market analyst expectations.
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KEg15e7IRE3VvbUxIUnsucW0WBHhjdAucQRAa0\/2JJ2MycSnv0RI4Sc8gQ4\/Ibteh7ReMk0KhehWHrCWVpVPHSPwG2PRJvU9oowScEoKZejEAMKP9Kh\/SWkdoEKwXq1MLyjg+r2lnJSAFckZaYpemd2Xs+cFsP8WpocQita0kOfNRpVZybJ0VnQuRXDV+GhhTbC0W+E\/sscJwot\/\/pQcDEAB86YY8mPR1GfcV8AFdTf8SxXyrUpUhWdZyWlqVLk5k8g5peKoFjmxqR0qVTBJqGqql50VAGy70f2fYY7xEpaj64j2NeES008nXaoqcYJ5b8FVhv5NaRsMezjrtcnpnWMYp63WvPdHDoopvepqROajU+09OgHdQ2XNEFfGOk0pvCguJ2SHVhWaz6tZ34WaW4nEOz\/6D3Qd3FaRkLP+zaFcwnx5HlKApoUVOKh4oyCDKVkvZSltz3AbM7wG8K3QJ0YdyN5ZPhKFZlaI\/Z3e\/YWKlHAkYIFsiuCnsUjO2JOSdHzguZ48WAg\/rIATXu+AIkjHVMtqus3MpL8EVzH6o4z5Dp1Ez8orWcJgiI\/fKXSQ1RJb1CiiBMYdS8CfM2v2AMq50OJydKZmXLKaNLiKiY3Vw0gPnMA6ln1susGJgzV92H0AtKp23twuWSODTPWH+hsLfbZjopdqK3Qeif77Qldj5OOOU\/kc3Psw7Ek13brcsDTrKzK+JauKJuiAHYTy6We9Usitj5iXply\/IY+xv8zMPWs8MlFFM6QT\/0scsm8SS95ORx\/pfccr5+CAk8sMbtWP6fwRAy5uP8cw1VGGA0OFItMq53H1y5234gy+CRBfmxOyIldju1gMRGS30hxkMGle4Foin6f6UTNJCRZlgD5vjb5cFyxITf\/9dmydgKASX80qIG3b35\/CKDiFRhb\/9hufW8st9ueaRVPcgyrvzgAvBtC7zm3ewWmWSSMo\/Vx8ZqhFx0cCN69jpXywfEtZJMtSPF5PTeQ0V8QRA9cuZmLaWl4UGBwfpT3v9RQW5+mStlyQ+k9xT+Q0YoUihO+GkFjxxFjEDs2GaSxKNdhjCcK4IOyR147hKaiDIRDZ0Ch+iEyqFmKdN0mkOtaF0e8hkVSYGN8kml8py5mpiGdcEI\/YXT3OxoSb4DqGRiCZElo4CRnLMI8dygugqdo7\/xT4QOklN5aN93MFm3sXXb5C3SRj3bMcTc4XaZvUhTzhPYM7JTiUWse4rkpMLki6lMioZafjRAcpftt5BbPlolUwvgVx3hP0rD3anqeZiWSAC7nuMO30g9g\/Rq\/DJypFVDM6tQppxX0io\/GWLMA3sfZ4+2+xZyZyK2kEFl9LLB3LGFA6JYH6ikj8QXOAIVU35kax0spEJtmKLiuaGPRHBHMOxDPD5Cp1VWWuk+\/\/v0Ie8nqoCRhnjJWDvcuTDutRU04Jt\/QfKh\/yv59NX9OSGpR3hYrEhErUW0v84LgFWVblm\/+Qix3XNLGkJy4S\/PdmocG2atAO2Hbc3FrB1mGk3zcn3OmWWPRehXxEE6A55XSJB\/sln5XS\/a8xIVQSSghAXRW3db2\/ovBDAoVvUqNmM9efZlSyPvemTQrZoKV3GXZgbgeZcurOiIcsPCuE7NRoHY2gLc2nIWLV1j+\/UxZ4e9dGmB9Z5v+CZsWEuLmLafjJdrI9bVRNQnAE0OeeYmz8hgSksQ6AM\/pZJ9MbhS9tFu7eLUchl3ENw0aLmNmUTBj2bICVUzAhTqYynUDfVVKGtP6Zbc7iVCbYvYfCA0SIaathjLMN0R6pZgBypYIA5HiGbo0PoZPaDuimnWUZ8PJCPAYKg55wNjr3Etn8Dp14KM5C59TD0v5e2q03MT8B8EWnIcQyGciTl2E4QD6XCssmiMFAlykbmP7AbZu\/wDyguRaRjvz2ImfYU7xPycHosaBIobjt3TzqPeNDNgNLK\/Osz2KEHEXRPQYjoK0vIL856BpRoc3BX3KnJUgeyQFvETbAG8RSV6\/bhenlIYXdf\/6FhCXl79zXtP2KrUHOPrF85P\/LKE3g9peY2UqnMfVoXUYWIkqpm8Ld3xoaw7ZdW5SrIQyx54IN+Bfhac43+Z2uk1hegptkANCYDZq09USLpzmUSDtBnVBWHJEFprJTFYNvFvvnFuHmhx0d8UFAwwK6vP\/u5QNGEaxJ3f2QVJcTEwvPjioHUKDrm0TBYUNyekOQmhzpoXmFv2Ceh7FQOTonHFZ2R12yIAstaq1gw+NAzHC6X5+fP2XW2MvH+\/6HgEORj4cGcEJoE0SkMoM5A0Sni8+w091+8uwoiGEtTOyxkM4rYCKgIarty26zeEM3EJqkRH+jeWIebZTfj+P8zmZ726SZZCdBa1uarKMnIsb6k+yjYV3vdIOR60+XKvogBXrZYQ2YIzfh+20LF5KH0SWs2w5lL9ImhPASX03LWDPywzMqclPFRhy\/34Lm2Gv\/XSxymoXv1bOck6fu8VzhRmleL3z8swzE6iXDgKZ94kunpMkcjY4T\/OD8q40iafdyC\/MwTr1QZV6NbF7wKIZVOv2xI+c86RTUpOABpOGZC9aoAooO0tRSm1i9wx6kjrVaHWZqSYovXv58FxBgOZMSCafX5LkfBMIdhacbBpUNG6D1GBMVMYfyyj9CV2nf400DN\/JWUYv\/LhM+PD9HZe1FW+YmThhqpg1MhpWj55jl+A+FHMEyNP0RGbgGe\/obiCo\/vekZ++EgQ7IameqS7uNzPW1iCYLZoQ1M3JQgBMj+r3bSA3xiQjmBD2ANOkRLSJKvzFBBEeK6qSGvxSiiIolKC3TWGSzQfoenkBap3FhWGqKBeJb4+HqLcZPcxAwmrsv8KKGoOX+FBYZkL\/\/WnTYPvWejRmNoN4H2K2rLGP8QaWnWUS5qHIBV\/mL0Qd2ufTDuvSrYb0LCh2TaELatakS4n0DX2oXTTdd+jjwwXcUyVeXQq+GSd\/WwNBgqdXG87DzxmD3zYr28veeHK2kjvpYmnY7zYZr8U4+sajaHpl5gF7RMzhl16cCCP5RSzMtj5ow4VmFpxYODd+D9y67xuqMtoaiydLREhqW5sprBauKvh3Fwwag3xyYYv3nCCuabVey6RVztgTc9Ml8bmXohXruXpfgse0y0VoTYtZT5Wqzh84nUVEQAaIBhi\/VfKJWSQ297tCoZ9+BytxO\/L8Anso4ghEnvYHE19F4XSTONZ19UuRRJDjlkdDrruk3xNyWMwjtASLOx87rTjjZpd724cNe+4TJDijZQYbNdnidhQ3YVzbnH91Vudbl1aMNKpyx1lX85MpnZhZdEFIYn07xL7DKFMxKJjXIUclIz4VpPYMbGxcQJBBhFv0zQ1z2MhOhm2+yXLMluoicyv\/FG3k\/CUP6IlsldoaP3H\/w1QovjImEtKXJfl1DEpQZVhokungDV86AASwY4HM5O\/64IN8bKCv7PsoCFm5areOx0Nfcf7n+3u\/mXc0K2gmePrIFc2BL8z67TZzPUswF0HxVtri1opf2yyu5sPk\/mlbXjbxU7vS2QUldg8FbdULn\/eQyfTHCdsnA938jcIu6V\/0R8kY4KOOYhdk2Zx7LG72WauAmfrBxtwoFYCFifYyyW4sk03+m4k7bWJAUmXEJLXsOieJPDtDJmblwqQqGHygfHHaQX6pP3eMI3M9cnreMjifmK7xcHI3tq1oMsImgeyWrJjKPWDigtWSWcTlG7wfS3WmoKjGWhhbBBPaZdABA6T7twUAISk4ulH6Kv1LqlKCdUO0OEkma+kaQ4L5zRinncCpssst+R80niWhEvDnvdSAfdPgJMS33rYE3FtQnmHNOGIEs+x0XkXqeu4yLyHxN4BGqgAFQtPeGeSeTi6huQ99czD+d0ruk4nwxELmWruuHiHyjfh3YN\/z2X5mjrUHEKIi33Gsu7HvWNDRPAeIMZ3Bu2f\/f\/kPY0D9cuTsKTs\/J9XNEXdkRSZp6gZrOmjGNijEv3jMfhf9HR+zyai\/ThWmYl6XIVLZ1KibkYaAWtz+lWT4rAUhXu4Vbywuarfjih8Ik57wONhspj5Ohpuz5kh6KKNGsje9Wh9PHtn54O6VxNoRqkbXWfkYhMyEOCNVuy4IqXEoXr7vSvrPdo4gEcR88sbSENZmZjp6\/s3EBRs19LUHeYUDCyZvCBJhA0fvBNQF5dKE\/xrceR00drFVb5bmJGRkF4q8vdXsZesmC0sfuMq3AwVDDxWmR9hO5EJRWEidNL0rcAnLVrnv30sblBFtkSvk9LEUXUaAM393KyzmSBpVlf5JjOrobGRum8+5v\/2li7IbuemILDyFWCQFkt76QLArf8sYMCiv6voB03FGSYMucjMqjAjCR4AcL8CDgzFwaNXTvinRkpk8oJ5OobHD9wRqdBrmocpvYqheTpkhbcZctRKA1N5nhkOXIoHUrzCLxM7cDTrCyaE2tA6+8cNN1FMkDhCG5z21VNwf8k9IrvxzCDrQRN9Ar+5QpOuZUQ6PSgH1WYalybr1Twu7iGp8Pu4LjQxruabkrAIDEdliwociY8eQbPpO2qver2LNNBerL6d8xUBJGRiPUhAP5qXDL9CEK8BOgM3U3fHexgPGzdiTLZJ7nzsRAQpJWPIH18k2HQjFk\/mRydGjl1V6p2JGtjhc8LaWMBoNRRU8JB7MZc1BWw8y7fXAinrGa+cQs\/F3h8WIt8gmIAhRnUJI\/EBCzLciLBe2eJRFnOfFKkPRbw09eZyewZcedGoGwFfaUxokUYiKQo\/HnCLLGwdQu9NUVGyXYLBPjJKjsvtpre5wfSmLmjlyoWpfEkG1hshDR9oi8yIscrVw1dXPDD2\/L+ZjPS+aoXXIwtC\/imr1CMBGZpbDS2CHJ66kergqsHxyINXvkK2MtEMJWpZhEd3i5Wk9kmpflWgCu+CgGwtVZg2s49VY2+sDnfMYSJ+XcmkSDJk2dsGBCK11oqru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