China
November 2, 2023
The ability of luxury groups to retain existing Chinese customers to sustain long-term momentum will become the most significant challenge. Image: Unsplash
{"ct":"jl3Zuc+7jVHXDFZt3qoPjjpL93IiYcPpbPZPo2HpnP85H1sr+Ez9IdC0zKm\/tI082EwnAf8otkQdP\/cX6a\/QtQ8+V9QdDBjscWhF6poQYs5BEbMmpUPvN3Pj162z+gLCpwRevyfO6ybpyv+B6Gr4S8fqZXsLr8dClmJ18v+mguJV2srqrJIjM9aFJJl9ysu3ywUhyLfzxv1Dla8dRCQvTGcxnXrATnkWuA+D7+0tM2Kf1DLMTw+WISBmKAJWkKdKTddScjYaDVhob6g2zEe+iHr5KjDi4M4PjfW4O5NlD4MQbEdBc702j0h28H1lQCPf2B6Kv7oQaNhJ\/G5JypklnDdqyssRduLTE7yyGJyxNobdd+1f0SGlUcxNoU+gcqOYnf\/WV+LYynIMeY8vQ9TeKdnBalp0JwhJm5rlxdl8s37hcJ5Ae\/uWX1H3TzaZtJQM2IEne5sBIkPuhdkyrLKpkerDhIf7k8iqZxbiNa4OG4aCylJbPL+4ArUT1Q3NWT0WKjVQ5dSlsRO4kO5q+bRdYAFZzMDZrEx2HI+sTsHzHZpPsOulixIqQPSMuwR\/oox0n6P+3Hf1EqB\/Fg48d3KX8Lxr3T1j6AoqITJEa27CUK4YhH\/7jMCX+PDfk8GN7uYuavpUiPUizCPy+oZpepF1PKsIs2R5MkZRObK2+Feh+RKzOFMq87VthRf5VO9QN7chXcIJlYQWYIsAAA1I90AZlmGAyl5XrBUGbW7kFoLQF5ewwpPmL9euFif6K0yA+zxUQVP\/ZL7vkXqRo10intMTDgV1\/l+jrBeSP7Ah8\/ElrSrO0pO18k\/Per3RwZwraafKHUmWytdXMup0dxqPt5yxuAtzN2CwUr3koLqnsmK0n6udNpW5MNINQz8DLqzukcDrkcQWn8Ymg3dZhH+4ZcpiN+RFJAc4\/flgK06P15oSPPIfoHUV59Yi0TpSg1BuQneDNddNeTHa2hZq9zWtoZrX\/QP4ao+r\/oVTigQSKqHlve\/Y4+W8Nd6X91VpMTU9UJHTmd5NU9C2\/Xbp5Hif10yLKVeW4xyTOEBg5DMzpgEVnxi8Dr2TJCEk9Lawz\/lY8DWdTxCxFJ177aRZkD\/r1NVcIj5oBiyXnA0yqkVOpO8mzQxri97+\/ODusH3e+rqNMufQQ7NdfhcqYepMs2zWeh0NYmTEA3sUEKd4Gt5ZjU\/QLtkD7gLPrOHTR0JCSje8V8jlTwHGPfMS\/CznUuCnTtRdx4\/KPgVKQfLYfqRoHXgEYK7T+6mo0yfX1sWlJIWreVTVS6Am1v59tV6G\/oahcReEzHWzNQqVbzRChLgUKZOqvL+h5CghiZGVXt1zm7A2Px9w5mrKX0p6SkOP7ufS26flkZuC3mILOc6MpM2J3G97MxLNSFKVUdfDLq2DP96OVU9g0RUrdrKzTFk8yfmjikSf3OVPC8JM+\/f5\/G94jjQ12U0owQUlIwhA\/swygRLZenpkuLSKm1h8zmTdGtCZPbAoKiaUNs5UH7uIxYpcjvBD6U7FBinwUFV+gMo2qxse+uVjMijq2FD4banJmS7jjhKvUqayuwSamzOg02dr5guDkYk7AW15OmiYDzk1TQfwolsEYiHWFva6lltTOa0DpnLefuOWT4p6U+nIR74FLTmXMreZP0NI+HYvJmt6Gu11lwK46KFRfi+26XF1Yk7D7rlfP7GyQ30Dl7cYhye7pZTOeHRCOdR+N8ktFmpkTaok5KPzyQhferIeZhGcejBtfc1yXA3U6BAWEOHqbFtvLhzKOxVz5ZW3LBb5AzLweLb2xMAIa9FFxd1FT6z0I0VKmgbwBqkmtMw6IKWjO8gYchjWfv3jDKHxQRKPdAVTWShj5Od0HIY3Bdz9KT0niDvdg7\/foiWzr6fjbvHjtEn9rHvhSnSJxYlcZG1p6W+1afUg+2AXz9JM4TbyBt3kZjv7o5633eBil3ypmmIYZbNjxi9QyVc2ICd05sO5e3qxcNdJtqLloie5JRU35xab0T0r57S+skxyiH52MHGZvEDnvdd4QcFVPzdqPl1VvuUK\/9SLbw1D0SaKiKDu+8AJsgF8x2f+uXW+0+Ug4aiyVd3Kyl4SoiT2C9p5k0rwK0oVVaIw4n9QNfuiAUeP4QVHIGYmZwkEheGyO0e3TjibO38KJ+YUUWWTYH7Ot84c+4cTmfFJtcFl\/Svno2poUYwb5f4GBV7lpSjnDVV6CdaV+G9qnTlXhWprcGrUNfjsIKBZCNBUoEZgEaskULYEJw26lwaQ2EWGKGAbILG\/z19ynPdorDXPdqXJ0yqPk9ivEc06A8rIIlGUDtgLDyMrT1vu+NerMwvOIiph1K0tVwgZ6pCiJ9+KlcG\/rK7OeRNi8q\/ur50wImL0HXJjIlm7gMo0O0vvFZ6W\/82V8Po7xse8j582rMyNWVenH8SBJJD6OqkFssaZtp7aWQh+t6q34RRC\/Dkige0BxBNoV8ojnX6XtXCdyo+SsvaM1rT8w7zDO3pYYMx7WqrKBtBmgaScWao8e4usqcgCEawr0RqRNRVAx4mnvb6rQmpMb5B73C9pOE6XX0+EDvU+Y780LyS\/hU84UyEdmAS3CW052ievxwv+vZbqSOmGVaQ2dGntespF5eq3pH8qu+coFgcUXbv3B68+cIP74IHQS0xNHmdt9CLdCgywH7WPcAb9ldH\/+m2PzfC7UoD8tHVWw6RCkj0zNXOvCNBnmHqMzv6HqzEHETXsReIPZtu4pPcume0+hhw9c4uDiRmNOBVKVKgA4EOsyOEvKV\/6RoSU9s4VeU1GkUzl3IYQF\/oI\/66gbKIRT78yjxKdplAJqSoSxeJu6d2FkZNQc9tNf9EPPRO33UqNl3Ocfj+IyPy1Y56YoYrvJxzUIJhD\/Plo093DjiG6EAuGGIGjXhue1Vj1NjD2BvmLSGjyDnjdWxt2QF73r1H4EXsFKfmdT2PoI3g1qOjSVzF7FUGBxYnItHfw4NuaJrYOobOfCIhgH792S7ElZ\/bXO7iwh7oEOAQFFhl8nnMW9WtY056fX8Ou7jGyeZXYurR\/VMIVyjhX7KIFEl2lpoWNWGxBS\/zp4rWlBIrkVfsrzzTEEaryTLcU01PcQUu1J6XpJSxZdEYrqEPx885gBw\/UoQZ9tb7Nwo9T6FgkmPYQUG2q\/a3NFMXfBrzaHaBd8OHmyk8ROwI5XtyriOddDxVQso80DC5hLKGBZ8\/YlJAatTTWtLMFWShKuMK1zCoH1nOgKWGTrimvticu5ZygcgbeTcNZd55Sy1hxI9pV\/4OEaAfQJn5RVeSjfAeVzOc2d+1SN0QbiQkm2q6A+q3TIqSrdsnDadjuaNyCql4Xp78wtCAQ0XiNpe0sEV8FLiSwW9nrkQdue6N6YIoeLzcLCUYA1LinUS1pOP2MWCHRA0YV03sddCj2v259F+mv8MLii2uwqzOnRCxh5gS+lzQDq71w7ZOsZDIw39YcJfNhKqERefhH5gWygptrRPWftZXlRgyBrnGjQgx25J8CUVxaEm2VhFZInaytFN3naYbK2OI6vkFJ\/Y0AqgMlXxmefud4M0HetaxY2GJ2sbmAUgO4ys7VDT0gezpth9YDCkMTRjpjFkiy4bH+hOgrnuVFe3Rq85BytK5dapX908OUZN7InrsDd6LHSFT8QBpzMC\/gi4VOKbpa1Ug95Y+To39081BUU6+KS5WURAYApMOvHp1+8WTZ15bxUNHIE0oxhUdwKUCMC+M\/wCs26zORmNSROMEV1VKuS9BTo9sd+gW\/YMzHHy2a347KGUZSbtD8iFUQSouF9ZSZXYJfNudno7aEQNr5DUHcwsjZbbzYKg8P4sMmt4Ii5K\/sNVVt8K+S2oYpI7zv0q\/myhxQrvyY83OI\/OUYVHcPJ2iAVPj0U+LTAKP0c5dOaZ7px0N1HIU42UZlW9Gqa+HNUvLwKL95HpvpJR0bliz34lY\/XLnl6nRXEWih3nysggs996fDU\/QkdZ2bEVODNC0TQIuYKH6DjJ4p4\/LBE7Ns3AJY8T\/hlRYzDY5sK1rcyDDtEwQikPAwd\/kViaZRoYmOVjulVl9iqL56jv9ZLG6gOVUZBTpF50+bBRyeFXbyJ+1N56xnHMjBcS5y+RpE4eIwgbKv1yOq+WdM1A6Z+riw799jl01PFKl8woyzi1K1glpjS9v1DL2NsUeb32lf1g6fw25Z31pxZrlmUri9cVbwIbGoC2wxA2vqgyBs7usLVdGSJidTblp5A1qdEhxsYndcJC6aEsmt4SOdcaAbPXuH7QTFeovQdd7YmhYzCegCeBZlX+bS5xJC8aUtEZthiZtfUbqAO6H9bdPPHITNrPl6vKcos1juZv6i7GOuPInIGM5ctrCysmgv0+HFYoRto8Bl7wxLVvZ10x+MCGIhYTtft5nPGIPGCZMe9zAjdo9wUMCPetKbLv0bwwRuovs0KlrWNpbKxFkaqXbRIKqcRWrQj5clT2uSq82dA7ZTBg6Mm340MWwZR4UApZbUT5FwApW02EXL4A0maQnYxKWnrIVeGoi3Uzq3TpsuNJD3\/yuLEWZ90Nne0ithKqn\/VvjMzkT1gLrx04p+tRPwfn+DwskxEmnKSCiP8YL5BNV0NUr\/2gggqgcABv8TwgXHQ0yD38bY9UvUaC8zxxNocTzW3t5CrZuPb\/Yzh2r07\/zTvVyiEIH09YzISBBOJuo5wwFj5aFfaQILOasUFsLQjJhZ2he4zfECSBDwV0Pdg4H5zoH3nS5PuI59Bl\/uM1rDsRv\/4WpFs9mm52KX5phE5x9D4552JX2o8UYdBxIJHIQWQvPsBkeMB00tPuKM\/ZhG700I6mfHxojj31Gv49AS7CBEyc6E+umG3m21fHcpLwyzXZf0gYz79KPF9fz26bmwHoueM2zgRCdbMUoPMwdSVUIkcIH0wmyNUV\/ehGmM6wRCJu6XvDKcuydiAQ7\/iyqWKRt\/rKyeM2gGx0lkRLauNPlIEzOgR3Cz\/vNnA7YCKEvIHbNExHX4PUrH3y5R6YI2yUHBvkNP7zyG0qdwRlX2JU2gQ+w3JpQuEATt1IKp0T1uSFziu2Znaf\/hFLrlsgcvFRrFCK9gAzl9w1JRU8nhosmTKlR7OXj4VitZ2iMZ9ckzFtcpM2VwNPrYIndIpKzecnI8avqW4LOfRSXGjhBVxiwRDFd0rac2FGySA3hCwoHsVxY3IMXqULkSU9\/yfd+NuONa1x8B\/shnnJF3JFJgAWi4MVB2DNtY4uwvYmBIA59iWvW0vrKi2oNUeAfcCjXp1iCkaek5ws8lqYRjVDV+4jRFI6MS\/OfFiXtsM1GHSArpdtzg44AtxIQw9ytaZzsaf2JODWDofJOVNFsR\/S29wqk5qrb\/tfqKN7kZG\/1REY1hzz7Uq4Tzhg2LhoDMsyu30guldEq6CaaXDm2i45UmFnOucN60OyOuT4ftnXbNiHEvMZj7qe8A\/875wBZYJ1DwGAT7O1Hylzupz7g44Jb6CE2vusezcy6Cbh7e\/FM6HgaC3hqiHE0\/nEBVd3BDdA977vKAiHezZ2efFqU5Q0YYc3SoHpNLdejU4rza+o+1CwcOhRNkk06zrdInYd580xEIjeHH01H4MB3e\/vLRGeQye4w3qHr9DSd\/mNmtknCApOPVaLnToM1JpmYLIOv9J2JFK5qUQ79zV9AWPlWlPWK8BgT8ofScOyouhCZtHbuoEtZ4oL+vqMpAkr2zm6mkNkG\/mIirBDz0kbosiFPM9ffitPjSZC4g4CjZE7LnwMvS3kd4gnx\/EYLK5pSgslDpHKcNVQc7WexHdft6+nzKBaHq66Sd+fHHyzyhoLFVjrt8DA9YKpjQsDvb0+OxLpdTGQ8AtmlXDBld+fEt\/TnMngdNBpLFcvPctBOV5DVssFWkbKsbY1up6IacM6lFCn37AJLV4ate3UXAhahdjXI29fkHnaNkSNkaF5wK6AtOlicoA3\/THCep1LQvCwIpwq\/wFtD7oCzE09m+n0C\/jKNFLyNqUTTYrvbHypxc6yQ9JZ96bfEr1NWz5hheP2V7dYKeJq67URzgqeLuRfx8nGc6VOJp\/6M5r3moCZQseoXMqXmVMBcNtmHXULC9jPvCK\/yPykv6hqOzFAMIkHPCJ8JmHwBw5cH2lpIxXeQhhFYfhi\/iu9jd6NjMBMj6tmPBCReO6UXDyP2jYLqtDdpEHj7jXGAHRwbvWjNDANvKOy5f2UsGOne4BxxbG3+nnTYndfRsivGNt5P5VVG1U7bhuQus7ntHF9BAukJ8yaXvl+3ODId9uW6K6hQ4OEi+OIptNetVTPJKw+1E8zKwI6x226m8ED2QcsyLzlDlNqmxEa3ZNOaoNczM8V5BTOgyRPsyqCHNuN08wccGXdD7q0WmP+ThUrFsV43xZjuXsdr5cNQ\/8tx6NHi3akRL2fIoEUM2JdfkhLjraEzu98Fc8ZMEsAKKfSzc9KMVlyREYR1A0sIu2brawz4gCBiN+GrAyVMu6v4BdQeHqq3EuEHAO7NHoswQHBmnGhKhK4rFMK5ZYnVR4g+waXh9wtK1MyPgSbWglAGtpzTAl2\/T9q0g2ULG7HMXXK7Ra0ywbIEEaj02pqpaHxsR8bqZXdMWBPUr+IhK8oSP4G\/2NXry1NNuV\/2AXVYPhMqgbONcMCWca4fOoHKEVUPWZE6nVM0KfhNn6S8wuZ5P59YRIEXKTYe1V7oII5+hja0XMoxCbBTTAploP7CoKU3VZ24d+zmnLrcyw5Z5RXDwcR3bW92zDm1IZ3Cy3r\/evZT\/4UwsOduefjAvxk772l4MsbOrwenSNufDwHpPaXjrSWjbAuDmNancRPdaJbP6TzN\/3TVk4U0OU90ut\/5KZ23xWqImGeZNyGszYd3zoPGRETU6P5Cw9OAMoR14kbdzxhtxitvixR9SbgyjqHgN12g\/3wzV1ir+TC9BQBucq97XR8lUsXPhusbB8c3sV8k+c+Zq2mva+3bZuz3l8jHd9EA+fldOGPeB3xMtbzYD5win0IpzDfg0NIEIktlUJjIzbQsu836e7ns4ubg5DxnMU7Buqalid8fQP2HMBm8SdHHOW2VmEFC\/GOvDDRVdWq\/Ikbn9jjkRPosIKA2wKREw4pqPk69ChrHspY+xb5gbkwoPdEDeDKRSQkCBKJkG7YalY4\/pXHjzcFDMw788JGgj2uBAyqI5Q\/QpGrhIT5J9GAUCDwnm0Swy3KVhrVQvMEN2plrwya+vxD8P5zySCynIqukBfonz84pClM7a1AlJHhiqVhJ3BOkuXPYMCnLkTWfCKDna1kR24MDdoiJouHjfjuD92iRwsz8AC32FIiWSi5AmiR9bQ\/GUUeIGA2LUATyHAXyjeMol4LZbcmUkhd4UghreeCXZ0NG+RJXQ76IJR9uluZr9t+e5OPdpQ0pd617Bg2kIVUTVOqCiurD8BazJDSqtvUPIzxhJ\/FKJGREgsyGy26STsNKZuI0T3c9gPmk3ipUbz3ci5MpqBWWOcWwX3sJHGIwzQ2fQ378cD1rDFO1t\/9f5syYA75WQuBoNQqQm\/h0cdl6qEo20zHAndM\/lOJ6Sjq5ZYcCogxJ7pid98cksEohHjcQHT0BsoGUlKH3SmKt4ne5XJY2VGHZOkh6+NIFanhQDer2MeVhji3GQri7WlD3Xx+oMzswOpzI2cZA9PbN4sZPPY2cyzulc71iviFCCu20si4Og0X7hB5rJnRRruMHvyJYGzBbxGqFWJf372a5sQNiBE+TaJg2EzfVkg95wdAwCQVpY7IBLBcn3M8HqHWvorFe0vGJC+HV32lU9sOrNgZHFNRdLVLBLIlTmq1SWdyLk+ZsPzTpUHEpGYHZYRb49PreAjv1nOgudkyQNy91VHSSr25+2UvlwKAuRhwixn0PHiWI4+RfAfcLixJpEGeB2fSnpmei1H+oMBNwohcQpRJKewJ78q2ltBH0oByiUpYLgDdwt\/0mfIn9qK0gL0XUKpoveFbzAlXSheVm7YehEVTPlTu0+Do\/1vY1C6AR6LViBi2llWDqWMw\/gKX7skUaA9DqsaeeI92UfL9UCVnQJkaG4\/SDBtP8yNUSD0UlDcTOkReqcenRSD9Nu3ArVBFs\/OqDa\/qBmtFhsoIy5tnCBeCU9WNICUcfn4iI6ocH9G\/n5zmpyyYOJvJXrhXGv5qHNBr3ee5ownhSCUKa0KZ4WH5dzOz9939RHI39ne2uRS7BgEnHZJGlI8gL01abv8k9JIYBX3kgPPHHGp350uFpzcTQai6vJKT59YuRZxG\/rZDmOOdvzUQ+k5zA\/7wEY0\/SO7G3d1NkkMYvXlMrWVj3lOjTdq9+GY\/J8cOIqkMrh2R+Ql7NRzleGo4dqH21J+RFvET2V1p\/6nuni6Anc6tT3iblOPCS3GI\/A2GTsckmCbn\/IMkYfAk9rl+7pMmwZvLdlTAXDRKni8XZeswfd3mrbJaHen3HcEZFK+6RgLrc\/h+MgdmnHfGMO\/Uq\/R4D8PI350z3dKuF1NwYxQwviIB9HgQN1qiMH3530BgKE4+m7FD4hw92HF63q57rxCh00Qj3yoIDsutulMGOOrHep0Fhfb8uJ3e\/cUig7eDxyZ5Lrp58fmsoExRo6APiPHsMYK\/nicV2sx\/WluADfdRwooXxpHBYstltGqQdwYL1ZjGNSyN97blG49bu\/3abS+1vtXRYw7YN\/1nFfnksb3qrKypCcoKusxFmjgMMUyIbN2FlCS2w3KxCLQHPWr0UDBUBDqMHhGhWmCfdJxxf5lZZA55ZC5MCW3w+iREsViZiSaeoKbHE8XGzZNMBfQVoC50cYcFPrC0Pc0NJ1VDHhiClOGfJYe41dYYGgCsnpMtF3mZXxM26INsQP9xqMs6tl6x7d\/5iKStOLAVmkic8QlHZOGN\/J\/G7enN7jGf4\/jqYTr9kVm2Sn\/rPfAvlGvMvMGT0z2SnLEAVyi91\/OM5oXsWjxraWo13Whc7SynSDGH8u512HUrct2qNTHPGW6BXe9y74igVwrgFEUc0QG+2LpXQuOJN7B9P2cSyHX+ItsGsn89XLqsi5b611caNKCzPpyAbcUNvhGLLgAzc8w+eE8JYjqnYuozbdW4Wv1zXlQo3bUnwnu8DHcaSKHMy6r+8ai3gwROR5I4nJxv0j2Sl3JUorvfPAPdbJ7QRccJfqsePtAFnai6jQeeMeTq1vFSeU00kTCGLV\/mAICC3FFcm79wa5DtgsXXl+umyMZnPTDVFCWkcuz9cFW0be6zIncunmlCS8lLOcUFBNLXvlV2gc7xd7RFgF9lA2Wx4Sl1fdhD\/4xB7SsCD7Mncg+KQrLotD2i74wiKFlkoD8lxhdbw\/3dnseOTMFFBJg8zYy6INrs8sw8KimouyosBlMc0soiCJFzQ24ovQdiS3CQa6Kb6c01cUG7BXgiO0ApLFhOgZVvTSro4DHs5h459Hv7blt1cZENnKX0ifLva0nuatcT4QuY4j933ST5IzVBx3k29aAdPWb7xwMnosBBpuRh\/lUVgxA7QYm7on4czlkGFH0d+Mlf99jLGcy0eMPQn7w95aIrRSap16+pqO0NMdqjBn6zGroGajD8RtqyCQ+xolhinfhldV41omQKrzDyYH8LXtC0IVTyk+TJ7tJoNwsFYnkulP2ctxPulI2YyV1ArI8lJbBKTHh2x6\/N2O0NdOiqo\/6ZulxuGKOw4o5BSl+cdKK3AsSv\/z6L06TFocwFUOVn18jnKlvjDn0A==","iv":"426d31abfadaccf422798d3f56f10512","s":"8bc2814a1fb6bebd"}
Share your thoughts. Click here