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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BzE51gIe\/rlKBQKWIkSEgHmbnjQI2buo9jxSssPb7tQRnIFINsZgT+tuiag\/z7ORfzdtSVaABn04Yd8qvbSzE+Tq0nx+yyldoLjc88EZyP0Uz\/In4CE1ljqu3XSQZ7XhubNwCrRxI6nRlEl7m4VpoezWgoQ2UlCJrq7oFL3X8N\/R3WTpiGyQddse0Lg2ZY2ikcNgp7+tG\/pRzY1iBt3DzFRuEKS8No9lx26+JqelMHSC\/Fu\/R4PoTBoWTM3OUfi7wSFDgOiguAr3pl2Ht0hd0iefoc7Acmr1maTTAyq0rTyo8wRIa3RdvkYRCV2jZerIDpfKG51K0sYPsaxV9hW4U9B9HlooqoE64wmyo4OO3qQkjvTIgpVel6zYwNXZqQJmxgwYmGvJr+6rezK595kQYtVWeHQB2neJICdE3gqcexj0C5YkHNfn6yb6v8xZmRUm\/eIQOPUxDAIpfNDZ+jUzznCeDX6HdXMvSDRzaWAa89NjkzhBjqppgksF+XS0YPM+ZWIlazTmfXzIn\/UePHHEjo5qiwwlPfQSBD\/POsP10+OA8jB+T7r+OvmPV6yLe3tNXpl8gU8Gvc\/XVknYQlqjxQSBKfldeVmkm6MrUHGT+n8Bizs5SC1g4A96y06sBXqpD0Eu74iGgcz1rlTSyylyBlnwuvTD\/3OgZxlJ1O1+W2g3qeihQsO4fTNPb9N9Zd4Ue6XBGKqcYB+na82kxAN48hpG044BtoDtuEkd7Z5usB2tZpl\/Dfb1JkAnw\/cMNYQSS3BWZOQw0il499YKbG4U0ZEv016GuHSHq9bYKeCUrcwpnoSf7ajrylpZUyMNfsiBRc7uGse\/SbPg2vruJ45kclVCwHLAkRnOXG490lxUqLqRECeVvu+IHtOrLv\/3RioflxLHNaPaHSIUTgkOnmGAORnPV816B8rz2z+Bfhybz7oe2m+L8gQATdHPEXuG3DM0iflVIrnzXpllO5QlJbIsStIPF1ggoZbmLOa\/60kL1og9TFAGSX3Iho1WDSbUQKEK5RT\/oD0R+WxwjtjJ2YQfey8PCGHpGwREZBmbxSn2hhwf2YmJxXPU3NuVU41GaTGXb6g1g6alEouIh195jA0mhGnXvmFvF9Rbe9Zf38Y+NSZXGzxefQl0oURT5ZZE0hG4YMaIpR6dB2FEBUnZkvfOFHQBBTIckSSE8\/lwV+1xrEmhtij377acajzllAe3aH3j5JuZjThs3K+xxrAp7CCeojXl4RJrh1wEPqYnQwTRz1GOURN2BXjrHFLNkbrfsYahEnQligMpGFJIUBQKshkUcEPPbL5kmVXXUhfXRr1yb8KRH5mqrGsSeu5JiOK\/sjNevvTsKoNjxcRHUHH+sfPoWhKMey7wGnU3FvEBkGaaZkceh45no3ZGUnsnjbKQw9IPys1f3wL206jevCQPkymtYpkrEc+vvUaOhrm9s6qY\/QoYmwUQhgUx0bmGOdSGKykVf2YSud3T4fzAeaBwR+uPMW3RS\/WDWNP8vPJcWr1R4glfUfAjJz1V8apIUEshkuUqYLsuk9dZ5XDzvNlt\/n+alJlrsN5MrBbTGlXtnV7Sber3PHXljFbjz8CTY8okiq+Qz92EhH5H+cpMXGFJM\/vswuP2KIylZ8Uf5aMvmvjLZ2XkR0290bKOCqf5ES7bK2dMwovvejc6Oedtzt5inkFfFCQa6MrH2FxsOnJAsCXFmGX+2JFCCoJpepf+l8dG2\/CNPjCZ23SHDIxXStRhQzKuH\/BMCcXd9fgkjsLUciI6Autd\/LOqB6YhIXy57fL52Gs3TSGwVbmPuXT+SyzucKsn\/L+Oi8OogfmQG1a35+UeZmXfQ6n3u1PVne1gdpJWSCH0gu4w2JQNpsX6I7rLFT+edMnztJctEc97LE5+V0V3shWaRPPPBDrhKzfmiAGghVvK+f7cOSDQweSrGWvH7bmUmqNuUhDiQ5NbrOObJPuWiCbYDhmwn\/3fMWbnPLiHq+vbKgSYPkuX9F58++Dn72beo5nIgWDs5W4VsCnyx8Z9ecdQd\/TjthRtyEXBt7yEYDRHuva5v3uBMzNk1HiL\/21bP\/i8qf6\/HpZrMsslScI4MGJa+LjTa1nDZbtfmJjYdqImxhkRG6WzGZI6r44S1JX+cZFsNieaR0O9dce2Ck2hOV4m4QaThHEQA8i8tYNG28Zi8L\/hxrOuzyBjATU0y6Hnyt\/bbUdlJMWYE8AywHROi2EyvMD3dX2yrN4KQv+vFINhVZblDtyv3ByL8e0hLMoEJMPLxy8yzG+pqnT2FOSz8c2Vvrf9o4GNGdB6EWer5xQPso290\/cgTRl\/cEXxoYDOq4uky147jIf4Tg5nIjM70qPFHNEDJe6ZoS5k4IW1w50LNxkqpdhW76nuEkfXhGnDMX67BGydRsZ4yCYQkEwOk\/5VyOeXboPjwn6yZOIIDfcW4u+e1whf\/Z43Po9mbmkF8ckAksGkheJlxiOKyM2IvRdIUwfFZGPXdUfCsQihBsPnvy7StVCrs3CXxXOpZFVM+EZvG8Ws3qX+NYXFIZurtRqdvMsxEYSlboMBMPP37E8RHcmSeuac0UDJTJEti+JKE\/caUdL7zRtTi7KcOcm0d6ciVIWfwP5gu+bK80ffR19YyUPbBnOgKFgE1wE2Qe7wTxM4Ry247tjH0DiTyjwZC4F\/frT41xUDcULcJ6xHc8xv36yfICuPplRAc0NMPL6Cjbl0pJZhkF1rQnbKMNhWuTxAVt+wNAIO0rWGt8WXkGxjuvZtSodwzmRa3QuBeKj4eGtfN4+BLiutxLOrZQ30gaQXjhASezWXnRJGvNOJmKAjjyFgnbH+bAz5ha+hHegzz3yWjxizdBmzT9Wx7ZCInEKDTO6ZZp6GognFK1J6QrN1b9OdSylX+cJYaRW7H1Ojqpoc\/qe4Uj2eE+e8iMflbHbbxp8xRbQDN1gIFU+5Xu5zjfiqYZyHwNW736uocXfUjJ5iqUIx0nCSRTB9rkigmlkgED5O\/giiS8T8Icy4dTtIMvYokwmu+CSkDCKORHuZvUpFiEaEesFW1WoAly+2hwwamHHFTT2zaTlKn0Kb8vjHb5PTJyZWRknQlZoAeEiL1zt9vZlluz4yHHD44w6mwuO8kTT+RsJC7FuYFFTgIwY2SLB\/I+FuJUAhxmorUlXjUMvzvugye17SIzg9LbURThz28npcal1PGGIfX0OHRyjIOxOwVeyHZFDP3intLNjvt+zqKXmV+ZrXxH0iATZoG4r8Fm25CRoR09hc+y4DWMrkO0mG4Sh+MDSlNoPmQLHUb9LPcZZFHB1v3N\/u\/+e83dASpFv95u7\/ikb3pSl9kfs3B1\/2KlEGNYCyArAsfhcoLCe3GVGfxZXJAVlbwkTGmou1cwJsVuvZZze5n\/QsmmXt85RCC9r8\/EfcM\/krQXk\/+YdJJMKwWkUdJc6P36bFFx+w6JvOCM0EMfHD6VxfW8uya40YUw98kAFW6G\/CurVElYYXT2nKbMF99FxOTXuQd\/HYOU+1DR45t5zCwIkhZJOY6X5sl2u596x\/sZFMCu8rev+iKmy\/Yl2fFawGjSlnL8xWK58YMUxm40rb4dRU\/IfdEB3WyxbV0j\/gCtz0rF+HOed\/5aUKZrH7HJLdtMNlBtLnRjnBmrj\/t9Umj5bvFnGAcu1mw8wdYyT1R\/DW5+d1p0O7djjqQyLBxYKCFJ8ZhnVDOFEbdq7pQHWZyJENfbDnDpjuVOrTW\/cGEXvkIz2tTLSDb7waD7bByuVd76vlw5+d8vJeANXy2Bk\/HIHYfgV+Wh1rk25FGsaxkYuAnUGBhwJqmUWv9cFY4\/sdjt1xDcpeIjoOO86oeLgwObcC5zWbnCOFCsHXZGu1egRirwGEn93DHwHjl+jDp4l9GzKX+OcNITzlNx0t6TJZ1zbAz3nvgm22wbpGyGj5TN++A22LPGm1EJpL6XOSE\/bo33JZvUM\/\/GDgd95p5qxiH6DPmKyug8m2IA424MoTeW0OAwaSBT5QzOBN7aV\/t1ohP8GJvOZM51i7vRa5CLB6WIUTWjjwgXlNG+8Jno7MEVVoAZ8qA5C6LF0J+kWa+f5BoOovv4v50760212jrHwKdG1Kgk72UJTYpA81+gw\/i7iojWLtkBzPhPURA4ism5ydpatjRwo0k8bO18z0KGu3X7wibtzQhZ2vHX6cCdL\/QoBoDa9Ru1OID+dstA64C99vbkRsTeeHvmBkG5D2SQkxX9dKpxs5TbXBmoYLD5areNwkqObQdyVDWoEbZovVEHPi9fx2Qq1PJZuhq48W+mhhIi1dOwICynvuacWmFRyw1ynjfuQdK9+p4sjlZVToA6WC3V6GN7Ew+TZTjmuSAktcIJN1gcy7cHnZC8k1FMnfyHeyAqYyhTaXU64i1VHOxqKV5\/XXQGXcXISdMvLtwWiUySEl7bWkURJ4Xj4OVw1YW2FT3RWFUoJs7qcR6KKHpAwa1gSXUQ9Cq9tg3twqLjemeAhI+TwmwwN0cABSxrXCyK3QIU3Yk1M19x67un+fgn+CuM7RppTYKrzsbJoxQ8b7VNLD3DVADMq9zH0DHuVfWAfBS4pNdApW2GAUSyypfOkHIlNIXtr7OdxXmdTvwm3hoHxzhVGoSsNsNs8sNlhmyFhUx6EOZjHyc4c3U1wT7FOxJ2PgJaF3Cis6nwYzuv9uXeYeq7b\/uQ9Lu43n4tdy3HSgkcw\/ARY4N0r65rEy8SjvcpcewNsxOB5G\/LsOfVt5rI2+ZBSLlGd\/HJbcGqtIKJhE+zZm2Qh4OxvSQ2isXGzxPz7yivrQbS+0VQPF2OGQO7IeM2JYBam0cZ8zSXE\/eIyue1rtWHVDcFd1rSzwTwTdPHdE0j+UUWBQvRWk0ck2P6eCNRqBCwyjG56X9AbOKrA8roWfB5+Q48DMH9tvgHsEIWI\/5dLe0ow\/erffhAgjnNXIHq\/rT5bx80TGkZsuuNz\/CsZiZrWjNtLefGLWodOCh6bGVAbiY41Br8pDTbQH7XFYNixajFr4ft3Ro8YXB8igzlWz7OJ2S+VLKvMMiMa\/k306Zk4U6WHTftILSP5D4a4AphDT525QfxVsRgQ0QNbov+yD7HZc4plA6oBrGDMTeF2785U2hk8RnrnPg1VJwH59ov\/xYC2TfSMuNkIck2XeUykmtvJg0jCBnectFTZ2AAyLcMhO+Yr\/DJRbU\/iE9xmSJ6CoS3ldi5yUBArvH31Lmx3iZWNRscUhCfhxkTUB4j9tNAOep9KRI94vqRg35KAD4IRARhCMv03B7K","iv":"9cada60e9d5f8401006e44b3b058d57e","s":"985b853a8884f3f7"}
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