Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Image credit: Shutterstock
Why the Chinese decade of luxury is just starting
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Marketing | No 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YJgv1emWH4AtZ\/8bII79cpLU3Ci3kFICPrgDUJt5V1mzRiRfn8UXBE0P4pnEdgBFOXf\/gHHQUO4edxVwd21U+rkUh+TYq\/XTsn3RgLTxvUMM7RuVRRlrZ3Uyf8hvxrK1skpS\/s+gew6lIgQkG+YCQ2J0RdMauptbG5sOcF7Fd94FSDZf7k67vW4xc3MqO\/\/xX8UYMhG8\/dCAIb0pylbhgMIVQj30V3Wt5Qrbam+X3jypN+zqjj2e8259g+5a\/vBvD\/Tzy2inWZY3geeQnYY2+wfUuSghuWuJZdlZ8JLH7Hyaezb\/2gO3t6Yuq1\/86NGgt9n0S7oabXvmnciy2w3y05phcQTRP1tzFM69NvTtpt0JSEwhjGZmrDV2ke7p2gyrhej0\/BWl5SM+8EvGkwdTgpKnyKjoz0UdQbd1pQpUIKnjKvIwj696QyA2oXpNFykvxeTECCMt1Lnq6O243ktS\/PHyIfwtvl6hcuUOGaHUtcJP5sUI\/WTxXCXy1QU+3dCqLCQfxsgm8stRJOoSgIIw16QmKZqIcG+BDLBTJDztYbhjbNK9xhX4Qf\/QgT8roOFeA+pMvFiRM10oa\/0csmqtR2mBH7xBrsNM6Cza2PZAKPXD5vSUhUfFjRuNcmaHXlXZDxsTrhzMmOfDppyRSaf59RCAO2nBk2\/HxUoAcNiSwaWA2vNMA4cjD0yGz550BnPP\/lbwPXAtiAFbFtZq+kGKNXnlLWGw9+rCafdG6PC6jUiVZuOOPJRwR4jCkpuKGZBzitYEYQm29ciKZzMJdWbEsjJ2Y5YJthykuBJy9rVzFHEKNKfE0SE4Dz84JwQg5TrGTNrxZ9o6bGHGHYOQoAz6wL1q0sB+JH5I2EtLB3bxHLNsyR7eHlBFRgPgoH9gQRgPzfyOtG7FgBON2DODOHMyd65p0iAv8YorlgtY49RoV0B8hRQLpQ4+b\/xxCocTqaP+KuCWM8Gy+byN6W7fMqqpqs6wIOQxdLaHjD2Gq2QP\/JThO2AMcyry2L4XhoR5S+yUcuWqhgLdoJfWe6N8IDdJlQ7T4dtniGQbcopNiysS2babebPLr6UrSZZEJC9bOEAxvZpdKDZEOUhLNb24KdNh0BdMR3EoDoUUaLHWneyOMJfuvnkoIqAm0qBS6t8YODMa7G21Yu5btm\/iMhQugXxEecYczQTtUh5BHNmVaH\/f1CrF6u1X5uL9pvC0HQ7J\/F4h3x+8yaKWbFib8v+m64TLO1eb2VvtDxOctA3iIIy4XmZga6AfC4dcUPbNxusfoaZPLE2b3t\/N4PrfZ2hLGNcFQrIFip9OaTg\/A0KmUvUUOntmTTucur+9Uux0lj4wAMWF6FmIxZpsFRAfZTf1s3b0MRex2+s45UPSxLWx1NCVjgMt\/6rR1yvxhXSiv4SHVyz1dNzfievkpNWoYD8dkvRR\/koKSCReoiJgzZx8OPKo+FJ1gT+JCLSHM2qEvuJ\/Ojk+pYwAVImaNGpIvcbFSDFmJgrw3qHwNWur9mvojIXYJgt5+9EtWBb53EL\/LTkPH+w73HcWTuFTrG9mATc2qU+pr756zQs9rVhrdou9IeAOaHS9XWvAa38ywyc3qbowuG0U5eO9+RjDZiwJrMg0inW7\/UBDa5mA88PA4FFXAsQjed8tlRosSw5ndFUgfGyjqtBkaHEL\/a5EAfOkLJreCdikGy76uXaIus0CqbemtkZjmBaEW88P5QAASN6rTYtPqZ0KDngjBPqtQCEnSDbXfFmmLRrLSOkXT6wmEiwwUhjy+\/j+U21BXJVd1fmXXpLEUXxDJR15hQ4yLjplDp6NJjYKU1Lf+dQKoXDXH1jI\/e\/ff3yZUv4kaslF5vN4kChH5oSDc5kSmx4mKUTvmUtelKImm469Mpg0q0R5ppoicEQkv1UbQSyj3BWKrHA7IAb196NNqKeZNp+swcaSLB7v37AUruxLfm6XzstdZSxDcFvH5xw+T82ieYThCEZ\/WtlyHpgkdP2Jd2bQ+Vz3drbdo6c2eOfZOstw6bPlsMjW16GuuBIMWKeUQkAwmIn0Rh0CjGW7n5aboD5PcH6BnO+QtIsof1Bu18wq2pDwQZRO7BpAxV+Afl\/X9IQKFm3EUlfcB+RM9mqn2nNbKWNUg0rFtij0CkdY5NlG8iVfDDDWuJZxPFLhoweVvbhqGxRs7bRO6gv996X5A7X0QsxK4sLWsaK1qDBUtfnS5aysJ+oW18bRD3wUs8ppTS0v0T0Jxjis+bU51tb1KTZMcyGW3YeUJvzg1djddua+GUJAOmoJtgDlSGpdmOX2oV+v8\/Rjweb5UagZcX9JSN6fbMYtbz6oQtFlWmFC\/Ahe4gV4TRIn8k4qW3awN0kkxW\/JnbwmKIV7KccjCd+srAFPQKv1JcM2NXL3dYb4kiRprL2OisKmh3k9SFw5JH6gmv6jQ0AbZuKC8HHxNooJ6Ws3BZ6HMTvKvB3i1KOvvjx8G6XstxYbMmJ12TqwLY4nDzFGCQeZVRvHLdIfx2bNfMMxaISOJ6C5AkBTmJ+7I07fSkqBggXrQ1ttSG4CeOqdbcy7DTrRsSHw0DlRLaoOzgr4G0jUjA6P7brgbfaCrd7DZh1ZBYOW5Ml9I7b2n5MOQiZ9\/gQiTculwmFkA8muaE0opfz+CTJkeDrGD6UKQGPubijF0euucmTgdkIy4mFytTTwKqxrrOfopcLoTKAvlDaCJ1dRVMuUuU9obsImXbhqYzTw7hrZ4jYaqi8lgfiKgeg1\/9\/hl16uvNZha33tBgVvtv\/nkVCSOm02Gvseoq1oVQ6BhZuVyGtCcQfLSjYUYcEdSFTJcx2AOYWTKqHLjLLDqr2NXuxFb3uayKUW3K54C9L3LIIhA3FLs72SHAFIVqEZLUj8FRXc8MpDNFHQbvZz4PnDn+PaVcYNkNye8ji1kDnyVVTAdjGCmtDd1H83au\/ZC1Ep4yLX8t7TTJmHfPHK8vaUFu0og5pUm1zK\/4K2v4x4Ydx1uRk0meawlL\/ZKkXNiW2A+64g9yklMmMl0uC3xhE2IMyMORaPLfwZovonALhCibQ1tEOuS8Dg\/+ieJ\/twdoiBsfoak3yfbDy9la+0Ic\/FJe0BsJbr37A6aegiuCJVAwDOX0A+7t9pJ3i7fPpv5UPZs6EGSQCPhkPGcoHGf0z2TwcvHDnh1Xrqs\/yItqC2rC9n6zajYo2GTg4VaoWD1AeeEaRgqdei3XEOHJ5Pdufdp7TxmLLx1pTTm0YFTSMlCYYxHAkOjKwCGO0KpiqJsJFR9QSflcMDhZfIb78RmYxx1v66nDJaIfqhkSGVmx+YxgoCucLm6oeLTgIlnEEppnzNeARo71Wzh13eSY\/I143fd9kaJbtZRTmxXM\/YuhTBuMvTQ58KUGUpRBXGVuyh+Wr9UzqmZaJPoN6SSMvGmfa2VNExs+jy9iddtGmNfiKWC9woIbk3ww3Uz8XNucltx2QfbLS5ziYgie729tSjcYBbWYwibJrgH\/PFb7jF796Ksp2NAnr4jtXSuXt\/0ojoxNYD+7tGpMZ+pXsQgUHj3mY2la62SVVW8D+xoul2uhIVzy0vSVmjiM\/wycTuEFVz9Qzp1lTL3tcRCzgYWqg7dNs0GRl4Q2mjMQUH6PRWYHuae81J5fcDMv8O2RPulznSzcfWoka9uo9462ifbG\/ALL0v9WLGzQ8TiHpFusHRokUx\/qTWGdbxh7dCrsyigc8V6fidYLhcMUuOGjGP1ndh8R78beouGcD50mMrEJPCSAoNdvUHRs0mOPWrA\/tJFR+W0L3sRWlK6fyAml5xIhvqZyvN3eC3RJBdLojwBA9EExMusEZw\/aMv8HCAtbM6RX6i9G\/lKu0T+jxfx3hCDc0uNV7tCXx5TSB08fpC\/1qhlZ\/3RkQH9TocSAKY2IW+BcvxWmMP1rEtjt8jpqXIFUmVX1XiSLM+i27bBMAXtnX6rqX9jY+yJnBegCTZP5L+AYdBZSmeqU\/8uQZGTUN8G9ON9r+NszxbFSPVHNuZ7xkTLb0izEsqhccRS8gFXgGIsc9KSl\/td1Fbd0rBLhiBpObMTPUS2ZUTg+zHb8PjJGK4wBmU8aFnsjkkrCUwcL08yVaCrZTazS8l8eNCotGA7Z\/77oWyt2ah2XAg6I\/RNqnlCUAWCF6Gq\/OSwLSNJ0wM2vJZzGTV2vGCtcK7ORZtiiiooG3rJpmYSxfRnTEpMiC64YL90pih08zMl+lpWKmM40SNr9\/MOvfhgs4AEIHWzSWPfdfz1tbvLu5CYewLOj1XkWD7NcJO3R0wlG6yEkmYT3EwbsTysVg1BqHsM3xV9mW5XQcJm4OJDpvPCHefGq0QShxNZmq+6NgX4IKwwpnqeL\/gTMunuJ0qpU0uRU7uwRpEK887wMZxriZJ+M3Ch5ILyzaPUKa6KXO5SliNGnBYHs\/MQBgc+Q80Y6Cd4drlYjdWgbmP\/AvNgXDX8yuvQXFcw0HrNdzGHmM46pBAb++lRctKQ1s0lgNq4a5gCfaH7iiXPHv09BsSnHMaTdxUqutzk13ITNENCBW7hDiFlvGxfZsOKSG13okr3xoiEr2zjqz\/E7CWHsBR45uacWCoYZR9BEzq1nXHCP9veG0Vj\/Lh3q3O2m7pGbaCblRU4xQK5T9uAcK842E2OSYQOKmtV3pr9grlLUYw2kMcpmacyub29n9PuJjAbqNfSEzomMEGe3P6FYwT\/KDryJ37LFnq9oeSwHI253VUHr1P9lwV5v1UpCsSUDlI4oQ3Porlbus2Kitmfn2+tDrxY4battGOelWm\/9CCrKyxbOaOASEs3rxwEKUejLm47MgVioNmEFT+b8dSAz2TAc+\/4pefrp+UCoXurZ9Aerl9gPXWex3z27ZoiIsGKuTzKIrGjrt4i+jYsHemHBMUj0PpXUl3gJd2qUgBK1\/o0J7nM5TicqxMrZ\/8fdCnhL1wn4qDvV6\/cAE2fRLX6CqlO2rnPtpWA\/7U+2NIFDjXAH8altv4v2vcm5nCAdIZgcl8KCQbpHWf3W2LqTu9bI2zOYPjucBUBPH0LESS9Yaw2MnmDqdKcM49QEw7oo2SD6xPJhekqP8jdtSzLxQVe40S5Wow9BxF","iv":"c5601b6bce58b7ee70710d5e1e1a01f6","s":"bad99ec3d3c3be88"}