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
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uiRuGsuprPnBTwO7K7ZXrSt73bQ\/aTIXfxyJlIAveDyuH6PCKfYW2+ZGaG044w9sbBH5gcWA\/orl\/+5O17mU8gL3JsWHDVWFl3F4H0fZUhM6FtTlf7LAob2GYVtiXTRBeEFKCVxDk+nR+AT3de1hvBgREoeakrxG4EBtaAuoz5OEuRAf5cIVwE82FfqfM6nzS\/IDn5XNDuXm6QJA+rcYZe3awuCb4OL7tdKhk3ZoNw3qtigSH+pEn0T7ccpnrv4iduiCy+CFnS7px\/0l3eO9+QIw0HhnBbwin92nWu8FUV\/NDUCIIzxU\/W1rpw6BTDC1QXNRrHgWOWu0w2lZIB1fH4Gz\/5mSdDfwKv2EeVO\/7wsqbET1v7A0VXyViNU6lAl3FIMP9eFK42HUqMbB96dd+95lITD5gYDiTGbNzeOHtOesu15dTc5Yuxt7weVQixgNZxNvMK6E3XsJFv45CpkI91ydT3yEGhJDf7GWOn0HFiF7yHnFzOLq1GJtSEcqfCTwrDtAu0WPjg3jzPsqWF\/10oBGsxOkf+c6XveZ7pgiWFawHqhWxnLegibrVh2aNmmGzpAQj98YmauZ2QPdta5+GfyMB2EANyHBcI1\/HbtbBRaDhK5sdQ8T1vC3kx+bT9goabMR6To8515P3VzCrE1aiCwnNdQotQ13uWGqn714ZrAk+UeCXBc2i41SVzxfw\/Lt6vg4EzgotMrGremvOVxgkFFsJnmQbjepAW7EsQn5CLxTqaHuP4Dff90XcwhkGCag9\/jZFsh42nZqYiUqfTLECtmu2AvS3gXYdooL46NgJDLDXxVyQFAT\/6TQIcVaxHmdee5zPkAAYoFt6nFbIrObgLE1zqBqvGoG0XF47ad8TnMTaMRqm35KFyTBTV6Wsg4Qodnt0MxxpQANyqEy1GnqBvscdRMZ4Ezv3CasisnJN8srJ8T9okOEaEuaYUxF4h6AlNcRi4\/Nj4eY7dPThGFXSVpyXNQE7iLggewFvF1b9S7nQTgXYr1aJjyXKrn8FAMGyMpU+OrNS5QYqoyEDqRxfKiJUjN1H\/2Qxvhau1pZlepscZkgcfoi85\/S9k39\/HMzJcRqOogZSx\/q0rtrj\/a+Z3WS5k7Zm4zgJrp4T66Zloxw4K9YGx+MObElbC6qmxU3AHm7pmljsUbUaa9Z+NpVS2j8tjbTrpU7AZ82nRzRe511wxu\/EaiBmHxe5W7g2S6uHQmjqR3zFMGaLcKM6D6sr+EcK7oSQ8u9PXQVWK4ZXAKIRTHgft1MttmPZ4r8q0JzlEOJwSut0PHQ6AhWUvb0OZL5KlHC+uNO\/NP6SRANbaNBujOIbutNAaF8EBZth\/jajFPwslD5oNMg+51Rqr6OT2tGFpHRiBJ\/Fctmonb3iRDHLVNCOkaSHyONykLhkbELvGYtAAQAcaH79FUD+MC4I\/DfBQZVmDkLbG4eLgPiOLabPUq7mRK2cYrLyJI\/2TsM7tUz9VznkwuaS9xeTsg5UDSuLzqv2CtZSYLc6oCydlKprtS4RDPTO7PXPo6IaSx9FWhnM82OOqOybzvNz\/QzYokd1+npJl9GlCY6ZRI+ssV9g1gnsPcuhU3wCK7cYlMm93OWEZM\/Ezq0v2aGaxfUPYyiYwuWisTqmeAdrvpFEXvSIRIOyb7vSkICKBsBWcdCu0Kpn\/dcRYPdWLu13t22QGlOYD6raH3\/7zgAL30898wi1Ejv3VbxcavbNyrSKLkuIyPho+Dm6Nnh94+gdx10EA1iAel8CCkTsFe9gubPC7pzAiI94zjT23ht1wn7vTxba29flL\/LygP0+lbfUesYAeu8DEoHobl3SSJ6o9PGrhjXQHEfMwNGt\/Jb13o+My20iHq+\/hBGF4jkt8ceQ1TQCzEf6VnFZObj2H7a9jMYriJMPPkR3IFtOO7aB2MdR4EGywAu1lIExtkONCmDig4WYMFti1DLkXODd9TquIMn46\/jJJp5hulsD1HD3KsvfWqYrmWFVXdqK1OM2ChGxBuGwcn8f+zVcDm1\/Z0ETYIFfINRPmPTiZLcwi\/gDJE6y2SMccLKd7auZLwDXv7ItIPFAaUFQewCRIM\/EDKSoEJr6dWWKf9VP9+p4Jv4Jxkc5YjQxcJBotPPVNsjSagxgrB4n0\/ejYjV2Kl+HOTG7n\/bbgnoh\/Eq4XNdSB6AZZAEw\/sdKwFkaCzSEttC2j86GZGwEaEEWQhxn9lJQvLfb41pPb3WUMPAUdjeFaQp4NljZE4g+d\/Aozn3BnYp9Xib5dNQ8GLy3geeM3\/5nv7Eb1VdrmPVkh0IKZBxw6fvig3UUTEc1zHHKJGq4a9kompobd\/OH0pEq9dhY8Fjgzc7aY8JCXwUM8dn\/3WjUwum7YSlN+BBsO4KeARQDa25ez4KTOxGeuSAqVjvLDUM\/8oWXXHqkJKejVkE5KPxxpWW7NNozr2ud0X2q+Vb5Vnc4QaRMla9Bf3ieLPOuCC3X9A6+OhOb+HiX2prGYkTw5ljZXQ1iHZaD1A+ZyIvwSU2Qy00cnHFA21hgTsvlyEQ30wjFGsAJczPNLGBqxBblJt8bpmnlgc6HyjN1QYwwpIuWA4rH\/31ef2Ld2HwEGJY+Y80dF7XyYQB1PfP79jErrID8k5RzSrer7dE1owCSVfJVnccHkJcfMBOkVX3je\/6vOOoKBiq+dT3Jivspb3VyWYZsS\/SeUva2qyxnDKMkytHVc6hvNY075AfT1c2HsnlNQfb5noiAO7pGfvIkDE5OuYnEsiEuu1RzfINaJMiY40oyApDUHGO2vhAWYbrgehJXR0wpbynnhSOxlh79oPMioFsBd8mH0dhCVttY4QY8NcS1dj\/hMWHt5OnUbH4SdVotyeRA\/TEZLlTOUAG9XHTT+BcvEsI8e1fCZBWqxwkic\/3aKNSzHhpfWbdC2vBwAagrDuQh7WPjx+F2Y0URWsgVanlPj3WJ7qq5WgHXeqflN8E7yF78Sd1E+hwEBMmEgzpQjOTeaWplI8z0pre5gbWLTjiHKG1BWoJPBOxi1rIziEr0UcIRTwxR+S6pWXapYYgXKxJdxbwFO60GJND3IuVMQFXD+xWOFYc+Iha3KZsrIRVJSRlbFCBv4QI+Dx5RB2ptTJ\/nnkLQAyN73fKRZAtMOUVtjV7K\/fBddjMuXULuu1GcpgTaX\/yMzGamk7R0vUEKtT8ffcROw2YGjsXIJ02nBzFUblgqYBbghenSXCXOy9QOtLBwQWN+q0HtXXxY1a8vC9A5EP2EreYsJVC5ZZ0rJXaKTN7shqw4cVYnwLUgmmWpFOP9czgMqosQ5Q08fM6FTXRAZBGtgPg5LzihbQY1LJ6WqJwIx6fuhJj5nRvkdmriZxb2ESygz+TKpkERM5+8iJAirFZKWPVAD+t1N31c979URWp2lHheXau4nNGKRwtrcI70R00A1RtRNnRs+RUwKy9kAtW9FhorRm\/3u2Ldoqkwf7UEHpWV8LVIqToOF5Ic5xdrK\/Hh\/bIdE1ncrayoMLWyPcmWBMszz55XVTuOVQ4p1jP5hnsS8Pqk1STMCYjuB6wtczFyuViOJ6I15bbkX8cjU8t+y7ksvR9bEiorRf8gxlxjucO9uohJhNornfQiSRuIrS1\/L3TUtTmA6aaJ7iZZxx+0UzDokn3silMGMBjRwu4cgVpgiiMS8Cbi9VWhCrY3AH1dbt43Prr34R4vIEpItMu3MZ0rWD5SQrLeBAXUuoRPaM1vIs0DA1ZYaML0ymyf3MeaCNNYsZNjeiTqKNOikxeCmtTABP2n5+x+heF0RxJzbKarZ8S+Zv6\/LQkfYJCAhU\/6VaVpiRjQnAAsp9pVt\/iApvixWQeoPirYaDrI1weRWDNNjzgBNkomYYCqNPUJ0F\/GXY1TT3LmZ4XI7jQcG8cP\/Fb+FcipWKN7vOP1lOoPgEHn4qUiX0Usa1uDGrS2wMg8piQ3QkkRsOCBnvQMtBB3Yp4GMFumCGlpe3zuHsTecaeGEQE3eLvmgQ3Pz6b21mTNFg8+8AQeWKwxJWn\/yw6VDaOX2JkGwbJJfUPdxblLoPRjClFnR2Lb1gRiiYEU6xfRBO2JOF9VPliY6D2FjvleV1yCMoUFAY3jUkkmYVp7M9jDxLFtsznYn9qGbq2sp64SqFHZJkimM\/56T4aCj2t6c4ZAzbLJ+E4QSA9205ttStd5OwrvZz2LgqzHzc6t+Lx2yOK3CFnyhbIlPm6ZZmiOw4R7rDbTezD84iodATuVSbC9D2SuC8wZ\/F+N+Q0w9XXhKuY4X1okxtYwJ62oX7wNGlIstiwYXqC0Mj6puI0GCplpleLw9HQrlVsFx05UVzVknoGaYu4M95TILaE91sPIxyJ5dMhQvnin2adyGLoZ6ZEpfPPmrXS4tKXz+fhzbkfXPUAnu1WkifG0gBiKRZpauo6kpV9RmkBjr5\/+nhFdiGcJ\/bTHuGjW1yHPM+wOTabyTFsF6seJCpKAIJKPPNkRTN0MPZQ7dqwOzVljtxoGGoCBaeucT5TAhMWI8aLmyTI57r3993A0cm3cxVl\/WTX0AXO4FHz4cIZQzAzbCCF5fZ9BQHTElLDDFncNo96h+2On5LYwZkNjgB4NGkl+lUZKPO71zsl0XVbLZvYiJGDV0NxY2Uboc\/B1ul0uo4z1JqOeMTfKdIeSOT7pU30deBMDEX\/+nasvT05A7+SGNOjldHTUXM4S3Vi1vGPKetoGQZ\/CbfXM5mjjCj9hy7EpxR7HreEXfpdBoF\/OwQA67NtEh54IX1uU3Rvf3yzot89JbvdbN7RoMHD+mPHMcZGrPowzPkzQ==","iv":"17a5d61c9410162af11b2789bf6c6ddf","s":"67b7c30ae5f6fc2d"}
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