id	sid	tid	token	lemma	pos
fbem-1516	1	1	frontiers	frontier	NOUN
fbem-1516	1	2	in	in	ADP
fbem-1516	1	3	business	business	NOUN
fbem-1516	1	4	,	,	PUNCT
fbem-1516	1	5	economics	economic	NOUN
fbem-1516	1	6	and	and	CCONJ
fbem-1516	1	7	management	management	NOUN
fbem-1516	1	8	issn	issn	PROPN
fbem-1516	1	9	:	:	PUNCT
fbem-1516	1	10	2766	2766	NUM
fbem-1516	1	11	-	-	PUNCT
fbem-1516	1	12	824x	824x	NUM
fbem-1516	1	13	|	|	ADJ
fbem-1516	1	14	vol	vol	NOUN
fbem-1516	1	15	.	.	PROPN
fbem-1516	2	1	5	5	NUM
fbem-1516	2	2	,	,	PUNCT
fbem-1516	2	3	no	no	INTJ
fbem-1516	2	4	.	.	NOUN
fbem-1516	2	5	1	1	NUM
fbem-1516	2	6	,	,	PUNCT
fbem-1516	2	7	2022	2022	NUM
fbem-1516	2	8	150	150	NUM
fbem-1516	2	9	risk	risk	NOUN
fbem-1516	2	10	perception	perception	NOUN
fbem-1516	2	11	of	of	ADP
fbem-1516	2	12	luxury	luxury	NOUN
fbem-1516	2	13	investment	investment	NOUN
fbem-1516	2	14	and	and	CCONJ
fbem-1516	2	15	its	its	PRON
fbem-1516	2	16	influencing	influence	VERB
fbem-1516	2	17	factors	factor	NOUN
fbem-1516	2	18	yuxuan	yuxuan	PROPN
fbem-1516	2	19	yan1	yan1	PROPN
fbem-1516	2	20	,	,	PUNCT
fbem-1516	2	21	a	a	DET
fbem-1516	2	22	1jinan	1jinan	NUM
fbem-1516	2	23	foreign	foreign	ADJ
fbem-1516	2	24	language	language	NOUN
fbem-1516	2	25	school	school	NOUN
fbem-1516	2	26	,	,	PUNCT
fbem-1516	2	27	jinyu	jinyu	PROPN
fbem-1516	2	28	avenue	avenue	PROPN
fbem-1516	2	29	no.3399	no.3399	PROPN
fbem-1516	2	30	,	,	PUNCT
fbem-1516	2	31	licheng	licheng	PROPN
fbem-1516	2	32	,	,	PUNCT
fbem-1516	2	33	jinan	jinan	PROPN
fbem-1516	2	34	,	,	PUNCT
fbem-1516	2	35	shandong	shandong	PROPN
fbem-1516	2	36	province	province	PROPN
fbem-1516	2	37	,	,	PUNCT
fbem-1516	2	38	china	china	PROPN
fbem-1516	2	39	acorresponding	acorresponding	PROPN
fbem-1516	2	40	author	author	NOUN
fbem-1516	2	41	’s	’s	PART
fbem-1516	2	42	email	email	NOUN
fbem-1516	2	43	:	:	PUNCT
fbem-1516	2	44	yanyuxuan0312@163.com	yanyuxuan0312@163.com	X
fbem-1516	2	45	abstract	abstract	NOUN
fbem-1516	2	46	:	:	PUNCT
fbem-1516	2	47	nowadays	nowadays	ADV
fbem-1516	2	48	,	,	PUNCT
fbem-1516	2	49	with	with	ADP
fbem-1516	2	50	the	the	DET
fbem-1516	2	51	rapid	rapid	ADJ
fbem-1516	2	52	development	development	NOUN
fbem-1516	2	53	of	of	ADP
fbem-1516	2	54	economy	economy	NOUN
fbem-1516	2	55	and	and	CCONJ
fbem-1516	2	56	the	the	DET
fbem-1516	2	57	continuous	continuous	ADJ
fbem-1516	2	58	expansion	expansion	NOUN
fbem-1516	2	59	of	of	ADP
fbem-1516	2	60	the	the	DET
fbem-1516	2	61	market	market	NOUN
fbem-1516	2	62	,	,	PUNCT
fbem-1516	2	63	the	the	DET
fbem-1516	2	64	devaluation	devaluation	NOUN
fbem-1516	2	65	of	of	ADP
fbem-1516	2	66	currency	currency	NOUN
fbem-1516	2	67	in	in	ADP
fbem-1516	2	68	a	a	DET
fbem-1516	2	69	short	short	ADJ
fbem-1516	2	70	period	period	NOUN
fbem-1516	2	71	of	of	ADP
fbem-1516	2	72	time	time	NOUN
fbem-1516	2	73	is	be	AUX
fbem-1516	2	74	almost	almost	ADV
fbem-1516	2	75	inevitable	inevitable	ADJ
fbem-1516	2	76	.	.	PUNCT
fbem-1516	3	1	therefore	therefore	ADV
fbem-1516	3	2	,	,	PUNCT
fbem-1516	3	3	learning	learn	VERB
fbem-1516	3	4	financial	financial	ADJ
fbem-1516	3	5	management	management	NOUN
fbem-1516	3	6	and	and	CCONJ
fbem-1516	3	7	investment	investment	NOUN
fbem-1516	3	8	has	have	AUX
fbem-1516	3	9	become	become	VERB
fbem-1516	3	10	an	an	DET
fbem-1516	3	11	indispensable	indispensable	ADJ
fbem-1516	3	12	ability	ability	NOUN
fbem-1516	3	13	for	for	ADP
fbem-1516	3	14	modern	modern	ADJ
fbem-1516	3	15	people	people	NOUN
fbem-1516	3	16	.	.	PUNCT
fbem-1516	4	1	however	however	ADV
fbem-1516	4	2	,	,	PUNCT
fbem-1516	4	3	there	there	PRON
fbem-1516	4	4	are	be	VERB
fbem-1516	4	5	many	many	ADJ
fbem-1516	4	6	types	type	NOUN
fbem-1516	4	7	of	of	ADP
fbem-1516	4	8	investment	investment	NOUN
fbem-1516	4	9	.	.	PUNCT
fbem-1516	5	1	how	how	SCONJ
fbem-1516	5	2	to	to	PART
fbem-1516	5	3	choose	choose	VERB
fbem-1516	5	4	effective	effective	ADJ
fbem-1516	5	5	investment	investment	NOUN
fbem-1516	5	6	types	type	NOUN
fbem-1516	5	7	and	and	CCONJ
fbem-1516	5	8	ways	way	NOUN
fbem-1516	5	9	is	be	AUX
fbem-1516	5	10	worth	worth	ADJ
fbem-1516	5	11	thinking	think	VERB
fbem-1516	5	12	.	.	PUNCT
fbem-1516	6	1	when	when	SCONJ
fbem-1516	6	2	the	the	DET
fbem-1516	6	3	economic	economic	ADJ
fbem-1516	6	4	conditions	condition	NOUN
fbem-1516	6	5	are	be	AUX
fbem-1516	6	6	relatively	relatively	ADV
fbem-1516	6	7	good	good	ADJ
fbem-1516	6	8	,	,	PUNCT
fbem-1516	6	9	luxury	luxury	NOUN
fbem-1516	6	10	investment	investment	NOUN
fbem-1516	6	11	can	can	AUX
fbem-1516	6	12	be	be	AUX
fbem-1516	6	13	said	say	VERB
fbem-1516	6	14	to	to	PART
fbem-1516	6	15	be	be	AUX
fbem-1516	6	16	an	an	DET
fbem-1516	6	17	effective	effective	ADJ
fbem-1516	6	18	way	way	NOUN
fbem-1516	6	19	.	.	PUNCT
fbem-1516	7	1	in	in	ADP
fbem-1516	7	2	addition	addition	NOUN
fbem-1516	7	3	,	,	PUNCT
fbem-1516	7	4	luxury	luxury	NOUN
fbem-1516	7	5	consumption	consumption	NOUN
fbem-1516	7	6	is	be	AUX
fbem-1516	7	7	a	a	DET
fbem-1516	7	8	new	new	ADJ
fbem-1516	7	9	thing	thing	NOUN
fbem-1516	7	10	after	after	SCONJ
fbem-1516	7	11	the	the	DET
fbem-1516	7	12	society	society	NOUN
fbem-1516	7	13	has	have	AUX
fbem-1516	7	14	developed	develop	VERB
fbem-1516	7	15	to	to	ADP
fbem-1516	7	16	a	a	DET
fbem-1516	7	17	certain	certain	ADJ
fbem-1516	7	18	stage	stage	NOUN
fbem-1516	7	19	.	.	PUNCT
fbem-1516	8	1	it	it	PRON
fbem-1516	8	2	not	not	PART
fbem-1516	8	3	only	only	ADV
fbem-1516	8	4	meets	meet	VERB
fbem-1516	8	5	people	people	NOUN
fbem-1516	8	6	's	's	PART
fbem-1516	8	7	needs	need	NOUN
fbem-1516	8	8	for	for	ADP
fbem-1516	8	9	the	the	DET
fbem-1516	8	10	improvement	improvement	NOUN
fbem-1516	8	11	of	of	ADP
fbem-1516	8	12	material	material	NOUN
fbem-1516	8	13	living	living	NOUN
fbem-1516	8	14	standards	standard	NOUN
fbem-1516	8	15	,	,	PUNCT
fbem-1516	8	16	but	but	CCONJ
fbem-1516	8	17	also	also	ADV
fbem-1516	8	18	provides	provide	VERB
fbem-1516	8	19	more	more	ADJ
fbem-1516	8	20	channels	channel	NOUN
fbem-1516	8	21	for	for	SCONJ
fbem-1516	8	22	individuals	individual	NOUN
fbem-1516	8	23	to	to	PART
fbem-1516	8	24	accumulate	accumulate	VERB
fbem-1516	8	25	wealth	wealth	NOUN
fbem-1516	8	26	.	.	PUNCT
fbem-1516	9	1	therefore	therefore	ADV
fbem-1516	9	2	,	,	PUNCT
fbem-1516	9	3	it	it	PRON
fbem-1516	9	4	is	be	AUX
fbem-1516	9	5	favored	favor	VERB
fbem-1516	9	6	by	by	ADP
fbem-1516	9	7	more	more	ADJ
fbem-1516	9	8	and	and	CCONJ
fbem-1516	9	9	more	more	ADJ
fbem-1516	9	10	people	people	NOUN
fbem-1516	9	11	,	,	PUNCT
fbem-1516	9	12	while	while	SCONJ
fbem-1516	9	13	there	there	PRON
fbem-1516	9	14	are	be	VERB
fbem-1516	9	15	still	still	ADV
fbem-1516	9	16	many	many	ADJ
fbem-1516	9	17	deficiencies	deficiency	NOUN
fbem-1516	9	18	in	in	ADP
fbem-1516	9	19	the	the	DET
fbem-1516	9	20	domestic	domestic	ADJ
fbem-1516	9	21	luxury	luxury	NOUN
fbem-1516	9	22	market	market	NOUN
fbem-1516	9	23	,	,	PUNCT
fbem-1516	9	24	resulting	result	VERB
fbem-1516	9	25	in	in	ADP
fbem-1516	9	26	a	a	DET
fbem-1516	9	27	lot	lot	NOUN
fbem-1516	9	28	of	of	ADP
fbem-1516	9	29	confusion	confusion	NOUN
fbem-1516	9	30	and	and	CCONJ
fbem-1516	9	31	complex	complex	ADJ
fbem-1516	9	32	phenomena	phenomenon	NOUN
fbem-1516	9	33	in	in	ADP
fbem-1516	9	34	the	the	DET
fbem-1516	9	35	market	market	NOUN
fbem-1516	9	36	.	.	PUNCT
fbem-1516	10	1	it	it	PRON
fbem-1516	10	2	is	be	AUX
fbem-1516	10	3	necessary	necessary	ADJ
fbem-1516	10	4	for	for	SCONJ
fbem-1516	10	5	consumers	consumer	NOUN
fbem-1516	10	6	to	to	PART
fbem-1516	10	7	distinguish	distinguish	VERB
fbem-1516	10	8	carefully	carefully	ADV
fbem-1516	10	9	.	.	PUNCT
fbem-1516	11	1	this	this	DET
fbem-1516	11	2	paper	paper	NOUN
fbem-1516	11	3	mainly	mainly	ADV
fbem-1516	11	4	explains	explain	VERB
fbem-1516	11	5	the	the	DET
fbem-1516	11	6	risk	risk	NOUN
fbem-1516	11	7	perception	perception	NOUN
fbem-1516	11	8	of	of	ADP
fbem-1516	11	9	luxury	luxury	NOUN
fbem-1516	11	10	investment	investment	NOUN
fbem-1516	11	11	,	,	PUNCT
fbem-1516	11	12	analyzes	analyze	VERB
fbem-1516	11	13	its	its	PRON
fbem-1516	11	14	influencing	influence	VERB
fbem-1516	11	15	factors	factor	NOUN
fbem-1516	11	16	,	,	PUNCT
fbem-1516	11	17	and	and	CCONJ
fbem-1516	11	18	provides	provide	VERB
fbem-1516	11	19	some	some	DET
fbem-1516	11	20	suggestions	suggestion	NOUN
fbem-1516	11	21	for	for	ADP
fbem-1516	11	22	luxury	luxury	NOUN
fbem-1516	11	23	investment	investment	NOUN
fbem-1516	11	24	.	.	PUNCT
fbem-1516	12	1	keywords	keyword	NOUN
fbem-1516	12	2	:	:	PUNCT
fbem-1516	12	3	luxuries	luxury	NOUN
fbem-1516	12	4	,	,	PUNCT
fbem-1516	12	5	investment	investment	NOUN
fbem-1516	12	6	risk	risk	NOUN
fbem-1516	12	7	,	,	PUNCT
fbem-1516	12	8	influencing	influence	VERB
fbem-1516	12	9	factors	factor	NOUN
fbem-1516	12	10	,	,	PUNCT
fbem-1516	12	11	industry	industry	NOUN
fbem-1516	12	12	status	status	NOUN
fbem-1516	12	13	.	.	PUNCT
fbem-1516	13	1	1	1	X
fbem-1516	13	2	.	.	X
fbem-1516	13	3	introduction	introduction	NOUN
fbem-1516	13	4	as	as	ADP
fbem-1516	13	5	a	a	DET
fbem-1516	13	6	new	new	ADJ
fbem-1516	13	7	consumer	consumer	NOUN
fbem-1516	13	8	market	market	NOUN
fbem-1516	13	9	,	,	PUNCT
fbem-1516	13	10	the	the	DET
fbem-1516	13	11	concept	concept	NOUN
fbem-1516	13	12	of	of	ADP
fbem-1516	13	13	china	china	PROPN
fbem-1516	13	14	has	have	AUX
fbem-1516	13	15	become	become	VERB
fbem-1516	13	16	increasingly	increasingly	ADV
fbem-1516	13	17	popular	popular	ADJ
fbem-1516	13	18	internationally	internationally	ADV
fbem-1516	13	19	,	,	PUNCT
fbem-1516	13	20	making	make	VERB
fbem-1516	13	21	many	many	ADJ
fbem-1516	13	22	luxuries	luxury	NOUN
fbem-1516	13	23	manufacturers	manufacturer	NOUN
fbem-1516	13	24	and	and	CCONJ
fbem-1516	13	25	traders	trader	NOUN
fbem-1516	13	26	full	full	ADJ
fbem-1516	13	27	of	of	ADP
fbem-1516	13	28	longing	longing	NOUN
fbem-1516	13	29	for	for	ADP
fbem-1516	13	30	china	china	PROPN
fbem-1516	13	31	.	.	PUNCT
fbem-1516	14	1	china	china	PROPN
fbem-1516	14	2	's	's	PART
fbem-1516	14	3	economic	economic	ADJ
fbem-1516	14	4	development	development	NOUN
fbem-1516	14	5	has	have	AUX
fbem-1516	14	6	entered	enter	VERB
fbem-1516	14	7	a	a	DET
fbem-1516	14	8	new	new	ADJ
fbem-1516	14	9	normal	normal	ADJ
fbem-1516	14	10	,	,	PUNCT
fbem-1516	14	11	and	and	CCONJ
fbem-1516	14	12	consumption	consumption	NOUN
fbem-1516	14	13	has	have	AUX
fbem-1516	14	14	been	be	AUX
fbem-1516	14	15	constantly	constantly	ADV
fbem-1516	14	16	upgraded	upgrade	VERB
fbem-1516	14	17	.	.	PUNCT
fbem-1516	15	1	high	high	ADJ
fbem-1516	15	2	-	-	PUNCT
fbem-1516	15	3	end	end	NOUN
fbem-1516	15	4	consumer	consumer	NOUN
fbem-1516	15	5	goods	good	NOUN
fbem-1516	15	6	will	will	AUX
fbem-1516	15	7	become	become	VERB
fbem-1516	15	8	the	the	DET
fbem-1516	15	9	fastest	fast	ADJ
fbem-1516	15	10	growing	grow	VERB
fbem-1516	15	11	industry	industry	NOUN
fbem-1516	15	12	in	in	ADP
fbem-1516	15	13	the	the	DET
fbem-1516	15	14	next	next	ADJ
fbem-1516	15	15	few	few	ADJ
fbem-1516	15	16	years	year	NOUN
fbem-1516	15	17	.	.	PUNCT
fbem-1516	16	1	at	at	ADP
fbem-1516	16	2	present	present	ADJ
fbem-1516	16	3	,	,	PUNCT
fbem-1516	16	4	china	china	PROPN
fbem-1516	16	5	has	have	AUX
fbem-1516	16	6	formed	form	VERB
fbem-1516	16	7	a	a	DET
fbem-1516	16	8	number	number	NOUN
fbem-1516	16	9	of	of	ADP
fbem-1516	16	10	well	well	ADV
fbem-1516	16	11	-	-	PUNCT
fbem-1516	16	12	known	know	VERB
fbem-1516	16	13	brands	brand	NOUN
fbem-1516	16	14	with	with	ADP
fbem-1516	16	15	international	international	ADJ
fbem-1516	16	16	competitiveness	competitiveness	NOUN
fbem-1516	16	17	,	,	PUNCT
fbem-1516	16	18	but	but	CCONJ
fbem-1516	16	19	there	there	PRON
fbem-1516	16	20	is	be	VERB
fbem-1516	16	21	still	still	ADV
fbem-1516	16	22	a	a	DET
fbem-1516	16	23	certain	certain	ADJ
fbem-1516	16	24	distance	distance	NOUN
fbem-1516	16	25	between	between	ADP
fbem-1516	16	26	domestic	domestic	ADJ
fbem-1516	16	27	brands	brand	NOUN
fbem-1516	16	28	and	and	CCONJ
fbem-1516	16	29	foreign	foreign	ADJ
fbem-1516	16	30	well	well	ADV
fbem-1516	16	31	-	-	PUNCT
fbem-1516	16	32	known	know	VERB
fbem-1516	16	33	enterprises	enterprise	NOUN
fbem-1516	16	34	.	.	PUNCT
fbem-1516	17	1	from	from	ADP
fbem-1516	17	2	the	the	DET
fbem-1516	17	3	perspective	perspective	NOUN
fbem-1516	17	4	of	of	ADP
fbem-1516	17	5	development	development	NOUN
fbem-1516	17	6	history	history	NOUN
fbem-1516	17	7	,	,	PUNCT
fbem-1516	17	8	the	the	DET
fbem-1516	17	9	domestic	domestic	ADJ
fbem-1516	17	10	famous	famous	ADJ
fbem-1516	17	11	brand	brand	NOUN
fbem-1516	17	12	market	market	NOUN
fbem-1516	17	13	is	be	AUX
fbem-1516	17	14	still	still	ADV
fbem-1516	17	15	immature	immature	ADJ
fbem-1516	17	16	,	,	PUNCT
fbem-1516	17	17	and	and	CCONJ
fbem-1516	17	18	the	the	DET
fbem-1516	17	19	market	market	NOUN
fbem-1516	17	20	situation	situation	NOUN
fbem-1516	17	21	is	be	AUX
fbem-1516	17	22	complex	complex	ADJ
fbem-1516	17	23	and	and	CCONJ
fbem-1516	17	24	changeable	changeable	ADJ
fbem-1516	17	25	[	[	X
fbem-1516	17	26	1	1	NUM
fbem-1516	17	27	]	]	PUNCT
fbem-1516	17	28	.	.	PUNCT
fbem-1516	18	1	in	in	ADP
fbem-1516	18	2	the	the	DET
fbem-1516	18	3	work	work	NOUN
fbem-1516	18	4	,	,	PUNCT
fbem-1516	18	5	it	it	PRON
fbem-1516	18	6	starts	start	VERB
fbem-1516	18	7	with	with	ADP
fbem-1516	18	8	the	the	DET
fbem-1516	18	9	definition	definition	NOUN
fbem-1516	18	10	of	of	ADP
fbem-1516	18	11	luxury	luxury	NOUN
fbem-1516	18	12	goods	good	NOUN
fbem-1516	18	13	,	,	PUNCT
fbem-1516	18	14	analyzes	analyze	VERB
fbem-1516	18	15	the	the	DET
fbem-1516	18	16	risks	risk	NOUN
fbem-1516	18	17	and	and	CCONJ
fbem-1516	18	18	influencing	influence	VERB
fbem-1516	18	19	factors	factor	NOUN
fbem-1516	18	20	of	of	ADP
fbem-1516	18	21	luxury	luxury	NOUN
fbem-1516	18	22	goods	good	NOUN
fbem-1516	18	23	,	,	PUNCT
fbem-1516	18	24	and	and	CCONJ
fbem-1516	18	25	finally	finally	ADV
fbem-1516	18	26	gives	give	VERB
fbem-1516	18	27	suggestions	suggestion	NOUN
fbem-1516	18	28	on	on	ADP
fbem-1516	18	29	luxury	luxury	NOUN
fbem-1516	18	30	investment	investment	NOUN
fbem-1516	18	31	.	.	PUNCT
fbem-1516	19	1	2	2	X
fbem-1516	19	2	.	.	X
fbem-1516	19	3	definition	definition	NOUN
fbem-1516	19	4	of	of	ADP
fbem-1516	19	5	luxuries	luxury	NOUN
fbem-1516	19	6	and	and	CCONJ
fbem-1516	19	7	industry	industry	NOUN
fbem-1516	19	8	status	status	NOUN
fbem-1516	19	9	2.1	2.1	NUM
fbem-1516	19	10	.	.	PUNCT
fbem-1516	20	1	definition	definition	NOUN
fbem-1516	20	2	of	of	ADP
fbem-1516	20	3	luxuries	luxury	NOUN
fbem-1516	20	4	luxuries	luxury	NOUN
fbem-1516	20	5	are	be	AUX
fbem-1516	20	6	consumer	consumer	NOUN
fbem-1516	20	7	goods	good	NOUN
fbem-1516	20	8	with	with	ADP
fbem-1516	20	9	unique	unique	ADJ
fbem-1516	20	10	and	and	CCONJ
fbem-1516	20	11	rare	rare	ADJ
fbem-1516	20	12	characteristics	characteristic	NOUN
fbem-1516	20	13	,	,	PUNCT
fbem-1516	20	14	also	also	ADV
fbem-1516	20	15	known	know	VERB
fbem-1516	20	16	as	as	ADP
fbem-1516	20	17	non	non	NOUN
fbem-1516	20	18	-	-	NOUN
fbem-1516	20	19	necessities	necessity	NOUN
fbem-1516	20	20	of	of	ADP
fbem-1516	20	21	life	life	NOUN
fbem-1516	20	22	.	.	PUNCT
fbem-1516	21	1	it	it	PRON
fbem-1516	21	2	does	do	AUX
fbem-1516	21	3	n’t	not	PART
fbem-1516	21	4	have	have	VERB
fbem-1516	21	5	the	the	DET
fbem-1516	21	6	common	common	ADJ
fbem-1516	21	7	characteristics	characteristic	NOUN
fbem-1516	21	8	of	of	ADP
fbem-1516	21	9	general	general	ADJ
fbem-1516	21	10	goods	good	NOUN
fbem-1516	21	11	,	,	PUNCT
fbem-1516	21	12	but	but	CCONJ
fbem-1516	21	13	is	be	AUX
fbem-1516	21	14	also	also	ADV
fbem-1516	21	15	different	different	ADJ
fbem-1516	21	16	from	from	ADP
fbem-1516	21	17	the	the	DET
fbem-1516	21	18	daily	daily	ADJ
fbem-1516	21	19	necessities	necessity	NOUN
fbem-1516	21	20	of	of	ADP
fbem-1516	21	21	life	life	NOUN
fbem-1516	21	22	.	.	PUNCT
fbem-1516	22	1	from	from	ADP
fbem-1516	22	2	the	the	DET
fbem-1516	22	3	perspective	perspective	NOUN
fbem-1516	22	4	of	of	ADP
fbem-1516	22	5	sociology	sociology	NOUN
fbem-1516	22	6	,	,	PUNCT
fbem-1516	22	7	non	non	ADJ
fbem-1516	22	8	-	-	NOUN
fbem-1516	22	9	necessities	necessity	NOUN
fbem-1516	22	10	of	of	ADP
fbem-1516	22	11	life	life	NOUN
fbem-1516	22	12	have	have	VERB
fbem-1516	22	13	their	their	PRON
fbem-1516	22	14	particularity	particularity	NOUN
fbem-1516	22	15	.	.	PUNCT
fbem-1516	23	1	from	from	ADP
fbem-1516	23	2	an	an	DET
fbem-1516	23	3	economic	economic	ADJ
fbem-1516	23	4	point	point	NOUN
fbem-1516	23	5	of	of	ADP
fbem-1516	23	6	view	view	NOUN
fbem-1516	23	7	,	,	PUNCT
fbem-1516	23	8	with	with	ADP
fbem-1516	23	9	the	the	DET
fbem-1516	23	10	continuous	continuous	ADJ
fbem-1516	23	11	increase	increase	NOUN
fbem-1516	23	12	of	of	ADP
fbem-1516	23	13	national	national	ADJ
fbem-1516	23	14	income	income	NOUN
fbem-1516	23	15	,	,	PUNCT
fbem-1516	23	16	the	the	DET
fbem-1516	23	17	national	national	ADJ
fbem-1516	23	18	demand	demand	NOUN
fbem-1516	23	19	for	for	ADP
fbem-1516	23	20	goods	good	NOUN
fbem-1516	23	21	is	be	AUX
fbem-1516	23	22	increasing	increase	VERB
fbem-1516	23	23	,	,	PUNCT
fbem-1516	23	24	but	but	CCONJ
fbem-1516	23	25	its	its	PRON
fbem-1516	23	26	income	income	NOUN
fbem-1516	23	27	is	be	AUX
fbem-1516	23	28	less	less	ADJ
fbem-1516	23	29	than	than	ADP
fbem-1516	23	30	the	the	DET
fbem-1516	23	31	goods	good	NOUN
fbem-1516	23	32	themselves	themselves	PRON
fbem-1516	23	33	.	.	PUNCT
fbem-1516	24	1	2.2	2.2	NUM
fbem-1516	24	2	.	.	PUNCT
fbem-1516	25	1	industry	industry	NOUN
fbem-1516	25	2	status	status	NOUN
fbem-1516	25	3	the	the	DET
fbem-1516	25	4	luxury	luxury	NOUN
fbem-1516	25	5	industry	industry	NOUN
fbem-1516	25	6	is	be	AUX
fbem-1516	25	7	a	a	DET
fbem-1516	25	8	general	general	ADJ
fbem-1516	25	9	term	term	NOUN
fbem-1516	25	10	for	for	ADP
fbem-1516	25	11	the	the	DET
fbem-1516	25	12	organization	organization	NOUN
fbem-1516	25	13	structure	structure	NOUN
fbem-1516	25	14	system	system	NOUN
fbem-1516	25	15	of	of	ADP
fbem-1516	25	16	institutions	institution	NOUN
fbem-1516	25	17	or	or	CCONJ
fbem-1516	25	18	individuals	individual	NOUN
fbem-1516	25	19	engaged	engage	VERB
fbem-1516	25	20	in	in	ADP
fbem-1516	25	21	manufacturing	manufacturing	NOUN
fbem-1516	25	22	,	,	PUNCT
fbem-1516	25	23	sales	sale	NOUN
fbem-1516	25	24	and	and	CCONJ
fbem-1516	25	25	labor	labor	NOUN
fbem-1516	25	26	services	service	NOUN
fbem-1516	25	27	related	relate	VERB
fbem-1516	25	28	to	to	ADP
fbem-1516	25	29	luxuries	luxury	NOUN
fbem-1516	25	30	.	.	PUNCT
fbem-1516	26	1	the	the	DET
fbem-1516	26	2	luxury	luxury	NOUN
fbem-1516	26	3	industry	industry	NOUN
fbem-1516	26	4	is	be	AUX
fbem-1516	26	5	characterized	characterize	VERB
fbem-1516	26	6	by	by	ADP
fbem-1516	26	7	high	high	ADJ
fbem-1516	26	8	investment	investment	NOUN
fbem-1516	26	9	,	,	PUNCT
fbem-1516	26	10	high	high	ADJ
fbem-1516	26	11	return	return	NOUN
fbem-1516	26	12	,	,	PUNCT
fbem-1516	26	13	high	high	ADJ
fbem-1516	26	14	risk	risk	NOUN
fbem-1516	26	15	and	and	CCONJ
fbem-1516	26	16	low	low	ADJ
fbem-1516	26	17	return	return	NOUN
fbem-1516	26	18	.	.	PUNCT
fbem-1516	27	1	its	its	PRON
fbem-1516	27	2	main	main	ADJ
fbem-1516	27	3	business	business	NOUN
fbem-1516	27	4	models	model	NOUN
fbem-1516	27	5	include	include	VERB
fbem-1516	27	6	production	production	NOUN
fbem-1516	27	7	and	and	CCONJ
fbem-1516	27	8	sales	sale	NOUN
fbem-1516	27	9	,	,	PUNCT
fbem-1516	27	10	design	design	NOUN
fbem-1516	27	11	and	and	CCONJ
fbem-1516	27	12	r	r	NOUN
fbem-1516	27	13	&	&	CCONJ
fbem-1516	27	14	d	d	PROPN
fbem-1516	27	15	,	,	PUNCT
fbem-1516	27	16	brand	brand	NOUN
fbem-1516	27	17	management	management	NOUN
fbem-1516	27	18	and	and	CCONJ
fbem-1516	27	19	marketing	marketing	NOUN
fbem-1516	27	20	promotion	promotion	NOUN
fbem-1516	27	21	.	.	PUNCT
fbem-1516	28	1	at	at	ADP
fbem-1516	28	2	present	present	ADJ
fbem-1516	28	3	,	,	PUNCT
fbem-1516	28	4	the	the	DET
fbem-1516	28	5	scale	scale	NOUN
fbem-1516	28	6	of	of	ADP
fbem-1516	28	7	luxury	luxury	NOUN
fbem-1516	28	8	market	market	NOUN
fbem-1516	28	9	is	be	AUX
fbem-1516	28	10	expanding	expand	VERB
fbem-1516	28	11	all	all	ADV
fbem-1516	28	12	over	over	ADP
fbem-1516	28	13	the	the	DET
fbem-1516	28	14	world	world	NOUN
fbem-1516	28	15	.	.	PUNCT
fbem-1516	29	1	an	an	DET
fbem-1516	29	2	in	in	ADP
fbem-1516	29	3	-	-	PUNCT
fbem-1516	29	4	depth	depth	NOUN
fbem-1516	29	5	understanding	understanding	NOUN
fbem-1516	29	6	of	of	ADP
fbem-1516	29	7	the	the	DET
fbem-1516	29	8	definition	definition	NOUN
fbem-1516	29	9	of	of	ADP
fbem-1516	29	10	the	the	DET
fbem-1516	29	11	luxury	luxury	NOUN
fbem-1516	29	12	industry	industry	NOUN
fbem-1516	29	13	is	be	AUX
fbem-1516	29	14	of	of	ADP
fbem-1516	29	15	great	great	ADJ
fbem-1516	29	16	significance	significance	NOUN
fbem-1516	29	17	to	to	PART
fbem-1516	29	18	predict	predict	VERB
fbem-1516	29	19	and	and	CCONJ
fbem-1516	29	20	guide	guide	VERB
fbem-1516	29	21	the	the	DET
fbem-1516	29	22	prospects	prospect	NOUN
fbem-1516	29	23	of	of	ADP
fbem-1516	29	24	the	the	DET
fbem-1516	29	25	luxury	luxury	NOUN
fbem-1516	29	26	industry	industry	NOUN
fbem-1516	29	27	and	and	CCONJ
fbem-1516	29	28	the	the	DET
fbem-1516	29	29	investment	investment	NOUN
fbem-1516	29	30	direction	direction	NOUN
fbem-1516	29	31	of	of	ADP
fbem-1516	29	32	the	the	DET
fbem-1516	29	33	industry	industry	NOUN
fbem-1516	29	34	.	.	PUNCT
fbem-1516	30	1	china	china	PROPN
fbem-1516	30	2	's	's	PART
fbem-1516	30	3	luxury	luxury	NOUN
fbem-1516	30	4	goods	good	NOUN
fbem-1516	30	5	industry	industry	NOUN
fbem-1516	30	6	has	have	AUX
fbem-1516	30	7	undergone	undergo	VERB
fbem-1516	30	8	a	a	DET
fbem-1516	30	9	brief	brief	ADJ
fbem-1516	30	10	structural	structural	ADJ
fbem-1516	30	11	adjustment	adjustment	NOUN
fbem-1516	30	12	,	,	PUNCT
fbem-1516	30	13	eliminated	eliminate	VERB
fbem-1516	30	14	backward	backward	ADJ
fbem-1516	30	15	production	production	NOUN
fbem-1516	30	16	capacity	capacity	NOUN
fbem-1516	30	17	,	,	PUNCT
fbem-1516	30	18	and	and	CCONJ
fbem-1516	30	19	screened	screen	VERB
fbem-1516	30	20	out	out	ADP
fbem-1516	30	21	unqualified	unqualified	ADJ
fbem-1516	30	22	enterprises	enterprise	NOUN
fbem-1516	30	23	.	.	PUNCT
fbem-1516	31	1	at	at	ADP
fbem-1516	31	2	the	the	DET
fbem-1516	31	3	same	same	ADJ
fbem-1516	31	4	time	time	NOUN
fbem-1516	31	5	,	,	PUNCT
fbem-1516	31	6	with	with	ADP
fbem-1516	31	7	the	the	DET
fbem-1516	31	8	change	change	NOUN
fbem-1516	31	9	of	of	ADP
fbem-1516	31	10	residents	resident	NOUN
fbem-1516	31	11	'	'	PART
fbem-1516	31	12	consumption	consumption	NOUN
fbem-1516	31	13	concept	concept	NOUN
fbem-1516	31	14	and	and	CCONJ
fbem-1516	31	15	the	the	DET
fbem-1516	31	16	rise	rise	NOUN
fbem-1516	31	17	of	of	ADP
fbem-1516	31	18	consumption	consumption	NOUN
fbem-1516	31	19	demand	demand	NOUN
fbem-1516	31	20	,	,	PUNCT
fbem-1516	31	21	china	china	PROPN
fbem-1516	31	22	's	's	PART
fbem-1516	31	23	luxury	luxury	NOUN
fbem-1516	31	24	goods	good	NOUN
fbem-1516	31	25	industry	industry	NOUN
fbem-1516	31	26	will	will	AUX
fbem-1516	31	27	continue	continue	VERB
fbem-1516	31	28	its	its	PRON
fbem-1516	31	29	growth	growth	NOUN
fbem-1516	31	30	trend	trend	NOUN
fbem-1516	31	31	,	,	PUNCT
fbem-1516	31	32	and	and	CCONJ
fbem-1516	31	33	will	will	AUX
fbem-1516	31	34	move	move	VERB
fbem-1516	31	35	towards	towards	ADP
fbem-1516	31	36	high	high	ADJ
fbem-1516	31	37	quality	quality	NOUN
fbem-1516	31	38	in	in	ADP
fbem-1516	31	39	the	the	DET
fbem-1516	31	40	future	future	NOUN
fbem-1516	31	41	,	,	PUNCT
fbem-1516	31	42	showing	show	VERB
fbem-1516	31	43	new	new	ADJ
fbem-1516	31	44	trends	trend	NOUN
fbem-1516	31	45	such	such	ADJ
fbem-1516	31	46	as	as	ADP
fbem-1516	31	47	the	the	DET
fbem-1516	31	48	increase	increase	NOUN
fbem-1516	31	49	of	of	ADP
fbem-1516	31	50	types	type	NOUN
fbem-1516	31	51	and	and	CCONJ
fbem-1516	31	52	the	the	DET
fbem-1516	31	53	diversification	diversification	NOUN
fbem-1516	31	54	of	of	ADP
fbem-1516	31	55	consumption	consumption	NOUN
fbem-1516	31	56	.	.	PUNCT
fbem-1516	32	1	the	the	DET
fbem-1516	32	2	participants	participant	NOUN
fbem-1516	32	3	in	in	ADP
fbem-1516	32	4	china	china	PROPN
fbem-1516	32	5	's	's	PART
fbem-1516	32	6	luxury	luxury	NOUN
fbem-1516	32	7	industry	industry	NOUN
fbem-1516	32	8	chain	chain	NOUN
fbem-1516	32	9	are	be	AUX
fbem-1516	32	10	constantly	constantly	ADV
fbem-1516	32	11	enriched	enrich	VERB
fbem-1516	32	12	,	,	PUNCT
fbem-1516	32	13	and	and	CCONJ
fbem-1516	32	14	the	the	DET
fbem-1516	32	15	industrial	industrial	ADJ
fbem-1516	32	16	ecology	ecology	NOUN
fbem-1516	32	17	is	be	AUX
fbem-1516	32	18	becoming	become	VERB
fbem-1516	32	19	stronger	strong	ADJ
fbem-1516	32	20	and	and	CCONJ
fbem-1516	32	21	stronger	strong	ADJ
fbem-1516	32	22	.	.	PUNCT
fbem-1516	33	1	the	the	DET
fbem-1516	33	2	current	current	ADJ
fbem-1516	33	3	mainstream	mainstream	NOUN
fbem-1516	33	4	sales	sale	NOUN
fbem-1516	33	5	model	model	NOUN
fbem-1516	33	6	is	be	AUX
fbem-1516	33	7	the	the	DET
fbem-1516	33	8	sales	sale	NOUN
fbem-1516	33	9	of	of	ADP
fbem-1516	33	10	high	high	ADJ
fbem-1516	33	11	-	-	PUNCT
fbem-1516	33	12	end	end	NOUN
fbem-1516	33	13	shopping	shopping	NOUN
fbem-1516	33	14	malls	mall	NOUN
fbem-1516	33	15	,	,	PUNCT
fbem-1516	33	16	comprehensive	comprehensive	ADJ
fbem-1516	33	17	department	department	NOUN
fbem-1516	33	18	stores	store	NOUN
fbem-1516	33	19	,	,	PUNCT
fbem-1516	33	20	direct	direct	ADJ
fbem-1516	33	21	stores	store	NOUN
fbem-1516	33	22	and	and	CCONJ
fbem-1516	33	23	exhibitions	exhibition	NOUN
fbem-1516	33	24	.	.	PUNCT
fbem-1516	34	1	among	among	ADP
fbem-1516	34	2	them	they	PRON
fbem-1516	34	3	,	,	PUNCT
fbem-1516	34	4	high	high	ADJ
fbem-1516	34	5	-	-	PUNCT
fbem-1516	34	6	end	end	NOUN
fbem-1516	34	7	shopping	shopping	NOUN
fbem-1516	34	8	malls	mall	NOUN
fbem-1516	34	9	are	be	AUX
fbem-1516	34	10	the	the	DET
fbem-1516	34	11	most	most	ADV
fbem-1516	34	12	representative	representative	NOUN
fbem-1516	34	13	as	as	ADP
fbem-1516	34	14	luxury	luxury	NOUN
fbem-1516	34	15	retail	retail	ADJ
fbem-1516	34	16	terminals	terminal	NOUN
fbem-1516	34	17	.	.	PUNCT
fbem-1516	35	1	with	with	ADP
fbem-1516	35	2	the	the	DET
fbem-1516	35	3	upgrading	upgrading	NOUN
fbem-1516	35	4	of	of	ADP
fbem-1516	35	5	consumption	consumption	NOUN
fbem-1516	35	6	,	,	PUNCT
fbem-1516	35	7	consumers	consumer	NOUN
fbem-1516	35	8	'	'	PART
fbem-1516	35	9	pursuit	pursuit	NOUN
fbem-1516	35	10	of	of	ADP
fbem-1516	35	11	luxury	luxury	NOUN
fbem-1516	35	12	goods	good	NOUN
fbem-1516	35	13	has	have	AUX
fbem-1516	35	14	developed	develop	VERB
fbem-1516	35	15	from	from	ADP
fbem-1516	35	16	the	the	DET
fbem-1516	35	17	material	material	NOUN
fbem-1516	35	18	level	level	NOUN
fbem-1516	35	19	to	to	ADP
fbem-1516	35	20	the	the	DET
fbem-1516	35	21	spiritual	spiritual	ADJ
fbem-1516	35	22	level	level	NOUN
fbem-1516	35	23	.	.	PUNCT
fbem-1516	36	1	luxury	luxury	NOUN
fbem-1516	36	2	consumption	consumption	NOUN
fbem-1516	36	3	also	also	ADV
fbem-1516	36	4	shows	show	VERB
fbem-1516	36	5	the	the	DET
fbem-1516	36	6	characteristics	characteristic	NOUN
fbem-1516	36	7	of	of	ADP
fbem-1516	36	8	personalization	personalization	NOUN
fbem-1516	36	9	,	,	PUNCT
fbem-1516	36	10	fashion	fashion	NOUN
fbem-1516	36	11	and	and	CCONJ
fbem-1516	36	12	youth	youth	NOUN
fbem-1516	37	1	[	[	X
fbem-1516	37	2	2	2	NUM
fbem-1516	37	3	]	]	PUNCT
fbem-1516	37	4	.	.	PUNCT
fbem-1516	38	1	3	3	X
fbem-1516	38	2	.	.	X
fbem-1516	38	3	luxury	luxury	NOUN
fbem-1516	38	4	investment	investment	NOUN
fbem-1516	38	5	risk	risk	NOUN
fbem-1516	38	6	there	there	PRON
fbem-1516	38	7	are	be	VERB
fbem-1516	38	8	still	still	ADV
fbem-1516	38	9	many	many	ADJ
fbem-1516	38	10	deficiencies	deficiency	NOUN
fbem-1516	38	11	in	in	ADP
fbem-1516	38	12	the	the	DET
fbem-1516	38	13	domestic	domestic	ADJ
fbem-1516	38	14	luxury	luxury	NOUN
fbem-1516	38	15	market	market	NOUN
fbem-1516	38	16	,	,	PUNCT
fbem-1516	38	17	resulting	result	VERB
fbem-1516	38	18	in	in	ADP
fbem-1516	38	19	a	a	DET
fbem-1516	38	20	lot	lot	NOUN
fbem-1516	38	21	of	of	ADP
fbem-1516	38	22	chaos	chaos	NOUN
fbem-1516	38	23	and	and	CCONJ
fbem-1516	38	24	complexity	complexity	NOUN
fbem-1516	38	25	in	in	ADP
fbem-1516	38	26	the	the	DET
fbem-1516	38	27	market	market	NOUN
fbem-1516	38	28	.	.	PUNCT
fbem-1516	39	1	3.1	3.1	NUM
fbem-1516	39	2	.	.	PUNCT
fbem-1516	40	1	market	market	NOUN
fbem-1516	40	2	risk	risk	NOUN
fbem-1516	40	3	the	the	DET
fbem-1516	40	4	risks	risk	NOUN
fbem-1516	40	5	in	in	ADP
fbem-1516	40	6	the	the	DET
fbem-1516	40	7	international	international	ADJ
fbem-1516	40	8	market	market	NOUN
fbem-1516	40	9	and	and	CCONJ
fbem-1516	40	10	the	the	DET
fbem-1516	40	11	rising	rise	VERB
fbem-1516	40	12	level	level	NOUN
fbem-1516	40	13	of	of	ADP
fbem-1516	40	14	domestic	domestic	ADJ
fbem-1516	40	15	economic	economic	ADJ
fbem-1516	40	16	development	development	NOUN
fbem-1516	40	17	will	will	AUX
fbem-1516	40	18	impact	impact	VERB
fbem-1516	40	19	and	and	CCONJ
fbem-1516	40	20	supply	supply	NOUN
fbem-1516	40	21	and	and	CCONJ
fbem-1516	40	22	demand	demand	NOUN
fbem-1516	40	23	of	of	ADP
fbem-1516	40	24	luxuries	luxury	NOUN
fbem-1516	40	25	in	in	ADP
fbem-1516	40	26	the	the	DET
fbem-1516	40	27	upstream	upstream	ADJ
fbem-1516	40	28	and	and	CCONJ
fbem-1516	40	29	downstream	downstream	ADJ
fbem-1516	40	30	industrial	industrial	ADJ
fbem-1516	40	31	chains	chain	NOUN
fbem-1516	40	32	,	,	PUNCT
fbem-1516	40	33	and	and	CCONJ
fbem-1516	40	34	thus	thus	ADV
fbem-1516	40	35	have	have	VERB
fbem-1516	40	36	a	a	DET
fbem-1516	40	37	certain	certain	ADJ
fbem-1516	40	38	impact	impact	NOUN
fbem-1516	40	39	on	on	ADP
fbem-1516	40	40	the	the	DET
fbem-1516	40	41	market	market	NOUN
fbem-1516	40	42	price	price	NOUN
fbem-1516	40	43	and	and	CCONJ
fbem-1516	40	44	fluctuation	fluctuation	NOUN
fbem-1516	40	45	range	range	NOUN
fbem-1516	40	46	of	of	ADP
fbem-1516	40	47	luxuries	luxury	NOUN
fbem-1516	40	48	.	.	PUNCT
fbem-1516	41	1	151	151	NUM
fbem-1516	41	2	3.2	3.2	NUM
fbem-1516	41	3	.	.	PUNCT
fbem-1516	42	1	value	value	NOUN
fbem-1516	42	2	risk	risk	NOUN
fbem-1516	42	3	luxuries	luxury	NOUN
fbem-1516	42	4	do	do	AUX
fbem-1516	42	5	n’t	not	PART
fbem-1516	42	6	have	have	VERB
fbem-1516	42	7	rigid	rigid	ADJ
fbem-1516	42	8	demand	demand	NOUN
fbem-1516	42	9	and	and	CCONJ
fbem-1516	42	10	are	be	AUX
fbem-1516	42	11	not	not	PART
fbem-1516	42	12	necessities	necessity	NOUN
fbem-1516	42	13	of	of	ADP
fbem-1516	42	14	life	life	NOUN
fbem-1516	42	15	.	.	PUNCT
fbem-1516	43	1	the	the	DET
fbem-1516	43	2	correct	correct	ADJ
fbem-1516	43	3	judgment	judgment	NOUN
fbem-1516	43	4	of	of	ADP
fbem-1516	43	5	the	the	DET
fbem-1516	43	6	value	value	NOUN
fbem-1516	43	7	of	of	ADP
fbem-1516	43	8	famous	famous	ADJ
fbem-1516	43	9	brands	brand	NOUN
fbem-1516	43	10	requires	require	VERB
fbem-1516	43	11	rich	rich	ADJ
fbem-1516	43	12	and	and	CCONJ
fbem-1516	43	13	professional	professional	ADJ
fbem-1516	43	14	investors	investor	NOUN
fbem-1516	43	15	.	.	PUNCT
fbem-1516	44	1	if	if	SCONJ
fbem-1516	44	2	investors	investor	NOUN
fbem-1516	44	3	do	do	AUX
fbem-1516	44	4	not	not	PART
fbem-1516	44	5	have	have	VERB
fbem-1516	44	6	sufficient	sufficient	ADJ
fbem-1516	44	7	preparatory	preparatory	ADJ
fbem-1516	44	8	knowledge	knowledge	NOUN
fbem-1516	44	9	,	,	PUNCT
fbem-1516	44	10	it	it	PRON
fbem-1516	44	11	is	be	AUX
fbem-1516	44	12	easy	easy	ADJ
fbem-1516	44	13	to	to	PART
fbem-1516	44	14	make	make	VERB
fbem-1516	44	15	investment	investment	NOUN
fbem-1516	44	16	mistakes	mistake	NOUN
fbem-1516	44	17	.	.	PUNCT
fbem-1516	45	1	3.3	3.3	NUM
fbem-1516	45	2	.	.	PUNCT
fbem-1516	45	3	threat	threat	NOUN
fbem-1516	45	4	to	to	ADP
fbem-1516	45	5	new	new	ADJ
fbem-1516	45	6	entrants	entrant	NOUN
fbem-1516	45	7	existing	exist	VERB
fbem-1516	45	8	enterprises	enterprise	NOUN
fbem-1516	45	9	are	be	AUX
fbem-1516	45	10	not	not	PART
fbem-1516	45	11	only	only	ADV
fbem-1516	45	12	facing	face	VERB
fbem-1516	45	13	the	the	DET
fbem-1516	45	14	pressure	pressure	NOUN
fbem-1516	45	15	of	of	ADP
fbem-1516	45	16	competition	competition	NOUN
fbem-1516	45	17	,	,	PUNCT
fbem-1516	45	18	but	but	CCONJ
fbem-1516	45	19	also	also	ADV
fbem-1516	45	20	facing	face	VERB
fbem-1516	45	21	the	the	DET
fbem-1516	45	22	threat	threat	NOUN
fbem-1516	45	23	of	of	ADP
fbem-1516	45	24	new	new	ADJ
fbem-1516	45	25	brands	brand	NOUN
fbem-1516	45	26	.	.	PUNCT
fbem-1516	46	1	with	with	ADP
fbem-1516	46	2	its	its	PRON
fbem-1516	46	3	low	low	ADJ
fbem-1516	46	4	price	price	NOUN
fbem-1516	46	5	,	,	PUNCT
fbem-1516	46	6	strong	strong	ADJ
fbem-1516	46	7	impact	impact	NOUN
fbem-1516	46	8	and	and	CCONJ
fbem-1516	46	9	rapid	rapid	ADJ
fbem-1516	46	10	promotion	promotion	NOUN
fbem-1516	46	11	speed	speed	NOUN
fbem-1516	46	12	,	,	PUNCT
fbem-1516	46	13	the	the	DET
fbem-1516	46	14	new	new	ADJ
fbem-1516	46	15	brand	brand	NOUN
fbem-1516	46	16	makes	make	VERB
fbem-1516	46	17	the	the	DET
fbem-1516	46	18	original	original	ADJ
fbem-1516	46	19	luxury	luxury	NOUN
fbem-1516	46	20	brands	brand	NOUN
fbem-1516	46	21	suffer	suffer	VERB
fbem-1516	46	22	in	in	ADP
fbem-1516	46	23	action	action	NOUN
fbem-1516	46	24	.	.	PUNCT
fbem-1516	47	1	obviously	obviously	ADV
fbem-1516	47	2	,	,	PUNCT
fbem-1516	47	3	the	the	DET
fbem-1516	47	4	profits	profit	NOUN
fbem-1516	47	5	and	and	CCONJ
fbem-1516	47	6	competitiveness	competitiveness	NOUN
fbem-1516	47	7	of	of	ADP
fbem-1516	47	8	emerging	emerge	VERB
fbem-1516	47	9	brands	brand	NOUN
fbem-1516	47	10	are	be	AUX
fbem-1516	47	11	getting	get	VERB
fbem-1516	47	12	higher	high	ADJ
fbem-1516	47	13	and	and	CCONJ
fbem-1516	47	14	higher	high	ADJ
fbem-1516	47	15	.	.	PUNCT
fbem-1516	48	1	although	although	SCONJ
fbem-1516	48	2	they	they	PRON
fbem-1516	48	3	ca	can	AUX
fbem-1516	48	4	n’t	not	PART
fbem-1516	48	5	catch	catch	VERB
fbem-1516	48	6	up	up	ADP
fbem-1516	48	7	with	with	ADP
fbem-1516	48	8	the	the	DET
fbem-1516	48	9	first	first	ADJ
fbem-1516	48	10	-	-	PUNCT
fbem-1516	48	11	line	line	NOUN
fbem-1516	48	12	brands	brand	NOUN
fbem-1516	48	13	in	in	ADP
fbem-1516	48	14	the	the	DET
fbem-1516	48	15	short	short	ADJ
fbem-1516	48	16	term	term	NOUN
fbem-1516	48	17	,	,	PUNCT
fbem-1516	48	18	this	this	PRON
fbem-1516	48	19	poses	pose	VERB
fbem-1516	48	20	a	a	DET
fbem-1516	48	21	huge	huge	ADJ
fbem-1516	48	22	threat	threat	NOUN
fbem-1516	48	23	to	to	ADP
fbem-1516	48	24	them	they	PRON
fbem-1516	48	25	.	.	PUNCT
fbem-1516	49	1	in	in	ADP
fbem-1516	49	2	addition	addition	NOUN
fbem-1516	49	3	,	,	PUNCT
fbem-1516	49	4	many	many	ADJ
fbem-1516	49	5	new	new	ADJ
fbem-1516	49	6	entrants	entrant	NOUN
fbem-1516	49	7	have	have	AUX
fbem-1516	49	8	emerged	emerge	VERB
fbem-1516	49	9	in	in	ADP
fbem-1516	49	10	the	the	DET
fbem-1516	49	11	luxury	luxury	NOUN
fbem-1516	49	12	industry	industry	NOUN
fbem-1516	49	13	worldwide	worldwide	ADV
fbem-1516	49	14	.	.	PUNCT
fbem-1516	50	1	for	for	ADP
fbem-1516	50	2	chinese	chinese	ADJ
fbem-1516	50	3	local	local	ADJ
fbem-1516	50	4	brands	brand	NOUN
fbem-1516	50	5	,	,	PUNCT
fbem-1516	50	6	brands	brand	NOUN
fbem-1516	50	7	that	that	PRON
fbem-1516	50	8	have	have	AUX
fbem-1516	50	9	just	just	ADV
fbem-1516	50	10	entered	enter	VERB
fbem-1516	50	11	the	the	DET
fbem-1516	50	12	market	market	NOUN
fbem-1516	50	13	are	be	AUX
fbem-1516	50	14	likely	likely	ADJ
fbem-1516	50	15	to	to	PART
fbem-1516	50	16	share	share	VERB
fbem-1516	50	17	a	a	DET
fbem-1516	50	18	cake	cake	NOUN
fbem-1516	50	19	with	with	ADP
fbem-1516	50	20	local	local	ADJ
fbem-1516	50	21	brands	brand	NOUN
fbem-1516	50	22	and	and	CCONJ
fbem-1516	50	23	become	become	VERB
fbem-1516	50	24	direct	direct	ADJ
fbem-1516	50	25	competitors	competitor	NOUN
fbem-1516	50	26	of	of	ADP
fbem-1516	50	27	them	they	PRON
fbem-1516	50	28	[	[	X
fbem-1516	50	29	3	3	NUM
fbem-1516	50	30	]	]	PUNCT
fbem-1516	50	31	.	.	PUNCT
fbem-1516	51	1	4	4	X
fbem-1516	51	2	.	.	X
fbem-1516	51	3	influencing	influence	VERB
fbem-1516	51	4	factors	factor	NOUN
fbem-1516	51	5	of	of	ADP
fbem-1516	51	6	luxury	luxury	NOUN
fbem-1516	51	7	investment	investment	NOUN
fbem-1516	51	8	against	against	ADP
fbem-1516	51	9	the	the	DET
fbem-1516	51	10	background	background	NOUN
fbem-1516	51	11	of	of	ADP
fbem-1516	51	12	high	high	ADJ
fbem-1516	51	13	inflation	inflation	NOUN
fbem-1516	51	14	,	,	PUNCT
fbem-1516	51	15	although	although	SCONJ
fbem-1516	51	16	the	the	DET
fbem-1516	51	17	economies	economy	NOUN
fbem-1516	51	18	of	of	ADP
fbem-1516	51	19	various	various	ADJ
fbem-1516	51	20	countries	country	NOUN
fbem-1516	51	21	continue	continue	VERB
fbem-1516	51	22	to	to	PART
fbem-1516	51	23	carry	carry	VERB
fbem-1516	51	24	out	out	ADP
fbem-1516	51	25	gradual	gradual	ADJ
fbem-1516	51	26	recovery	recovery	NOUN
fbem-1516	51	27	,	,	PUNCT
fbem-1516	51	28	the	the	DET
fbem-1516	51	29	overall	overall	ADJ
fbem-1516	51	30	pace	pace	NOUN
fbem-1516	51	31	of	of	ADP
fbem-1516	51	32	economic	economic	ADJ
fbem-1516	51	33	recovery	recovery	NOUN
fbem-1516	51	34	around	around	ADP
fbem-1516	51	35	the	the	DET
fbem-1516	51	36	world	world	NOUN
fbem-1516	51	37	has	have	AUX
fbem-1516	51	38	not	not	PART
fbem-1516	51	39	been	be	AUX
fbem-1516	51	40	fully	fully	ADV
fbem-1516	51	41	taken	take	VERB
fbem-1516	51	42	yet	yet	ADV
fbem-1516	51	43	due	due	ADP
fbem-1516	51	44	to	to	ADP
fbem-1516	51	45	the	the	DET
fbem-1516	51	46	emergence	emergence	NOUN
fbem-1516	51	47	of	of	ADP
fbem-1516	51	48	the	the	DET
fbem-1516	51	49	covid-19	covid-19	PROPN
fbem-1516	51	50	.	.	PROPN
fbem-1516	52	1	as	as	SCONJ
fbem-1516	52	2	the	the	DET
fbem-1516	52	3	epidemic	epidemic	NOUN
fbem-1516	52	4	itself	itself	PRON
fbem-1516	52	5	is	be	AUX
fbem-1516	52	6	highly	highly	ADV
fbem-1516	52	7	contagious	contagious	ADJ
fbem-1516	52	8	and	and	CCONJ
fbem-1516	52	9	uncertain	uncertain	ADJ
fbem-1516	52	10	,	,	PUNCT
fbem-1516	52	11	people	people	NOUN
fbem-1516	52	12	are	be	AUX
fbem-1516	52	13	greatly	greatly	ADV
fbem-1516	52	14	restricted	restrict	VERB
fbem-1516	52	15	in	in	ADP
fbem-1516	52	16	overseas	overseas	ADJ
fbem-1516	52	17	consumption	consumption	NOUN
fbem-1516	52	18	,	,	PUNCT
fbem-1516	52	19	which	which	PRON
fbem-1516	52	20	has	have	VERB
fbem-1516	52	21	a	a	DET
fbem-1516	52	22	huge	huge	ADJ
fbem-1516	52	23	negative	negative	ADJ
fbem-1516	52	24	impact	impact	NOUN
fbem-1516	52	25	on	on	ADP
fbem-1516	52	26	the	the	DET
fbem-1516	52	27	economy	economy	NOUN
fbem-1516	52	28	.	.	PUNCT
fbem-1516	53	1	therefore	therefore	ADV
fbem-1516	53	2	,	,	PUNCT
fbem-1516	53	3	most	most	ADJ
fbem-1516	53	4	countries	country	NOUN
fbem-1516	53	5	in	in	ADP
fbem-1516	53	6	the	the	DET
fbem-1516	53	7	world	world	NOUN
fbem-1516	53	8	are	be	AUX
fbem-1516	53	9	in	in	ADP
fbem-1516	53	10	a	a	DET
fbem-1516	53	11	state	state	NOUN
fbem-1516	53	12	of	of	ADP
fbem-1516	53	13	suspension	suspension	NOUN
fbem-1516	53	14	.	.	PUNCT
fbem-1516	54	1	however	however	ADV
fbem-1516	54	2	,	,	PUNCT
fbem-1516	54	3	under	under	ADP
fbem-1516	54	4	the	the	DET
fbem-1516	54	5	effective	effective	ADJ
fbem-1516	54	6	control	control	NOUN
fbem-1516	54	7	of	of	ADP
fbem-1516	54	8	the	the	DET
fbem-1516	54	9	covid-19	covid-19	PROPN
fbem-1516	54	10	,	,	PUNCT
fbem-1516	54	11	various	various	ADJ
fbem-1516	54	12	industries	industry	NOUN
fbem-1516	54	13	have	have	AUX
fbem-1516	54	14	warmed	warm	VERB
fbem-1516	54	15	up	up	ADP
fbem-1516	54	16	.	.	PUNCT
fbem-1516	55	1	the	the	DET
fbem-1516	55	2	sales	sale	NOUN
fbem-1516	55	3	of	of	ADP
fbem-1516	55	4	the	the	DET
fbem-1516	55	5	luxury	luxury	NOUN
fbem-1516	55	6	industry	industry	NOUN
fbem-1516	55	7	have	have	AUX
fbem-1516	55	8	also	also	ADV
fbem-1516	55	9	reached	reach	VERB
fbem-1516	55	10	record	record	NOUN
fbem-1516	55	11	highs	high	NOUN
fbem-1516	55	12	,	,	PUNCT
fbem-1516	55	13	and	and	CCONJ
fbem-1516	55	14	luxury	luxury	NOUN
fbem-1516	55	15	investment	investment	NOUN
fbem-1516	55	16	has	have	AUX
fbem-1516	55	17	become	become	VERB
fbem-1516	55	18	a	a	DET
fbem-1516	55	19	new	new	ADJ
fbem-1516	55	20	choice	choice	NOUN
fbem-1516	55	21	.	.	PUNCT
fbem-1516	56	1	4.1	4.1	NUM
fbem-1516	56	2	.	.	PUNCT
fbem-1516	56	3	influence	influence	NOUN
fbem-1516	56	4	of	of	ADP
fbem-1516	56	5	consumer	consumer	NOUN
fbem-1516	56	6	consumption	consumption	NOUN
fbem-1516	56	7	concept	concept	NOUN
fbem-1516	56	8	consumers	consumer	NOUN
fbem-1516	56	9	value	value	VERB
fbem-1516	56	10	the	the	DET
fbem-1516	56	11	brand	brand	NOUN
fbem-1516	56	12	value	value	NOUN
fbem-1516	56	13	to	to	ADP
fbem-1516	56	14	a	a	DET
fbem-1516	56	15	large	large	ADJ
fbem-1516	56	16	extent	extent	NOUN
fbem-1516	56	17	when	when	SCONJ
fbem-1516	56	18	purchasing	purchase	VERB
fbem-1516	56	19	luxuries	luxury	NOUN
fbem-1516	56	20	.	.	PUNCT
fbem-1516	57	1	since	since	SCONJ
fbem-1516	57	2	many	many	ADJ
fbem-1516	57	3	ordinary	ordinary	ADJ
fbem-1516	57	4	consumers	consumer	NOUN
fbem-1516	57	5	do	do	AUX
fbem-1516	57	6	n’t	not	PART
fbem-1516	57	7	want	want	VERB
fbem-1516	57	8	to	to	PART
fbem-1516	57	9	buy	buy	VERB
fbem-1516	57	10	goods	good	NOUN
fbem-1516	57	11	that	that	PRON
fbem-1516	57	12	are	be	AUX
fbem-1516	57	13	seriously	seriously	ADV
fbem-1516	57	14	inconsistent	inconsistent	ADJ
fbem-1516	57	15	with	with	ADP
fbem-1516	57	16	the	the	DET
fbem-1516	57	17	price	price	NOUN
fbem-1516	57	18	,	,	PUNCT
fbem-1516	57	19	high	high	ADJ
fbem-1516	57	20	-	-	PUNCT
fbem-1516	57	21	end	end	NOUN
fbem-1516	57	22	consumers	consumer	NOUN
fbem-1516	57	23	who	who	PRON
fbem-1516	57	24	can	can	AUX
fbem-1516	57	25	consume	consume	VERB
fbem-1516	57	26	luxuries	luxury	NOUN
fbem-1516	57	27	can	can	AUX
fbem-1516	57	28	create	create	VERB
fbem-1516	57	29	a	a	DET
fbem-1516	57	30	sense	sense	NOUN
fbem-1516	57	31	of	of	ADP
fbem-1516	57	32	distance	distance	NOUN
fbem-1516	57	33	,	,	PUNCT
fbem-1516	57	34	dignity	dignity	NOUN
fbem-1516	57	35	and	and	CCONJ
fbem-1516	57	36	value	value	NOUN
fbem-1516	57	37	at	at	ADP
fbem-1516	57	38	a	a	DET
fbem-1516	57	39	price	price	NOUN
fbem-1516	57	40	that	that	PRON
fbem-1516	57	41	most	most	ADJ
fbem-1516	57	42	people	people	NOUN
fbem-1516	57	43	can	can	AUX
fbem-1516	57	44	match	match	VERB
fbem-1516	57	45	.	.	PUNCT
fbem-1516	58	1	therefore	therefore	ADV
fbem-1516	58	2	,	,	PUNCT
fbem-1516	58	3	luxury	luxury	NOUN
fbem-1516	58	4	brands	brand	NOUN
fbem-1516	58	5	tend	tend	VERB
fbem-1516	58	6	to	to	PART
fbem-1516	58	7	become	become	VERB
fbem-1516	58	8	"	"	PUNCT
fbem-1516	58	9	a	a	DET
fbem-1516	58	10	favorite	favorite	ADJ
fbem-1516	58	11	"	"	PUNCT
fbem-1516	58	12	in	in	ADP
fbem-1516	58	13	the	the	DET
fbem-1516	58	14	minds	mind	NOUN
fbem-1516	58	15	of	of	ADP
fbem-1516	58	16	consumers	consumer	NOUN
fbem-1516	58	17	,	,	PUNCT
fbem-1516	58	18	and	and	CCONJ
fbem-1516	58	19	even	even	ADV
fbem-1516	58	20	become	become	VERB
fbem-1516	58	21	a	a	DET
fbem-1516	58	22	symbol	symbol	NOUN
fbem-1516	58	23	of	of	ADP
fbem-1516	58	24	identity	identity	NOUN
fbem-1516	58	25	.	.	PUNCT
fbem-1516	59	1	but	but	CCONJ
fbem-1516	59	2	at	at	ADP
fbem-1516	59	3	the	the	DET
fbem-1516	59	4	same	same	ADJ
fbem-1516	59	5	time	time	NOUN
fbem-1516	59	6	,	,	PUNCT
fbem-1516	59	7	some	some	DET
fbem-1516	59	8	people	people	NOUN
fbem-1516	59	9	believe	believe	VERB
fbem-1516	59	10	that	that	SCONJ
fbem-1516	59	11	the	the	DET
fbem-1516	59	12	luxury	luxury	NOUN
fbem-1516	59	13	brand	brand	NOUN
fbem-1516	59	14	itself	itself	PRON
fbem-1516	59	15	is	be	AUX
fbem-1516	59	16	a	a	DET
fbem-1516	59	17	symbol	symbol	NOUN
fbem-1516	59	18	representing	represent	VERB
fbem-1516	59	19	nobility	nobility	NOUN
fbem-1516	59	20	.	.	PUNCT
fbem-1516	60	1	taking	take	VERB
fbem-1516	60	2	chinese	chinese	ADJ
fbem-1516	60	3	consumers	consumer	NOUN
fbem-1516	60	4	as	as	ADP
fbem-1516	60	5	an	an	DET
fbem-1516	60	6	example	example	NOUN
fbem-1516	60	7	,	,	PUNCT
fbem-1516	60	8	the	the	DET
fbem-1516	60	9	significance	significance	NOUN
fbem-1516	60	10	of	of	ADP
fbem-1516	60	11	luxury	luxury	NOUN
fbem-1516	60	12	investment	investment	NOUN
fbem-1516	60	13	stems	stem	VERB
fbem-1516	60	14	more	more	ADJ
fbem-1516	60	15	from	from	ADP
fbem-1516	60	16	the	the	DET
fbem-1516	60	17	affirmation	affirmation	NOUN
fbem-1516	60	18	of	of	ADP
fbem-1516	60	19	their	their	PRON
fbem-1516	60	20	own	own	ADJ
fbem-1516	60	21	efforts	effort	NOUN
fbem-1516	60	22	[	[	X
fbem-1516	60	23	4	4	NUM
fbem-1516	60	24	]	]	PUNCT
fbem-1516	60	25	.	.	PUNCT
fbem-1516	61	1	4.2	4.2	NUM
fbem-1516	61	2	.	.	PUNCT
fbem-1516	61	3	affected	affect	VERB
fbem-1516	61	4	by	by	ADP
fbem-1516	61	5	environment	environment	NOUN
fbem-1516	61	6	,	,	PUNCT
fbem-1516	61	7	market	market	NOUN
fbem-1516	61	8	and	and	CCONJ
fbem-1516	61	9	other	other	ADJ
fbem-1516	61	10	factors	factor	NOUN
fbem-1516	61	11	under	under	ADP
fbem-1516	61	12	the	the	DET
fbem-1516	61	13	impact	impact	NOUN
fbem-1516	61	14	of	of	ADP
fbem-1516	61	15	the	the	DET
fbem-1516	61	16	covid-19	covid-19	PROPN
fbem-1516	61	17	,	,	PUNCT
fbem-1516	61	18	the	the	DET
fbem-1516	61	19	operation	operation	NOUN
fbem-1516	61	20	of	of	ADP
fbem-1516	61	21	luxury	luxury	NOUN
fbem-1516	61	22	online	online	ADV
fbem-1516	61	23	and	and	CCONJ
fbem-1516	61	24	offline	offline	ADJ
fbem-1516	61	25	stores	store	NOUN
fbem-1516	61	26	has	have	AUX
fbem-1516	61	27	affected	affect	VERB
fbem-1516	61	28	the	the	DET
fbem-1516	61	29	luxury	luxury	NOUN
fbem-1516	61	30	customer	customer	NOUN
fbem-1516	61	31	experience	experience	NOUN
fbem-1516	61	32	,	,	PUNCT
fbem-1516	61	33	especially	especially	ADV
fbem-1516	61	34	the	the	DET
fbem-1516	61	35	younger	young	ADJ
fbem-1516	61	36	generation	generation	NOUN
fbem-1516	61	37	of	of	ADP
fbem-1516	61	38	customers	customer	NOUN
fbem-1516	61	39	.	.	PUNCT
fbem-1516	62	1	they	they	PRON
fbem-1516	62	2	are	be	AUX
fbem-1516	62	3	no	no	ADV
fbem-1516	62	4	longer	long	ADV
fbem-1516	62	5	satisfied	satisfied	ADJ
fbem-1516	62	6	with	with	ADP
fbem-1516	62	7	going	go	VERB
fbem-1516	62	8	to	to	ADP
fbem-1516	62	9	luxury	luxury	NOUN
fbem-1516	62	10	brand	brand	NOUN
fbem-1516	62	11	stores	store	NOUN
fbem-1516	62	12	just	just	ADV
fbem-1516	62	13	for	for	ADP
fbem-1516	62	14	shopping	shopping	NOUN
fbem-1516	62	15	,	,	PUNCT
fbem-1516	62	16	but	but	CCONJ
fbem-1516	62	17	hope	hope	VERB
fbem-1516	62	18	to	to	PART
fbem-1516	62	19	have	have	VERB
fbem-1516	62	20	a	a	DET
fbem-1516	62	21	richer	rich	ADJ
fbem-1516	62	22	and	and	CCONJ
fbem-1516	62	23	more	more	ADV
fbem-1516	62	24	diverse	diverse	ADJ
fbem-1516	62	25	brand	brand	NOUN
fbem-1516	62	26	experience	experience	NOUN
fbem-1516	62	27	than	than	ADP
fbem-1516	62	28	simple	simple	ADJ
fbem-1516	62	29	shopping	shopping	NOUN
fbem-1516	62	30	in	in	ADP
fbem-1516	62	31	their	their	PRON
fbem-1516	62	32	city	city	NOUN
fbem-1516	62	33	.	.	PUNCT
fbem-1516	63	1	impacted	impact	VERB
fbem-1516	63	2	by	by	ADP
fbem-1516	63	3	the	the	DET
fbem-1516	63	4	covid-19	covid-19	PROPN
fbem-1516	63	5	,	,	PUNCT
fbem-1516	63	6	the	the	DET
fbem-1516	63	7	vigorous	vigorous	ADJ
fbem-1516	63	8	development	development	NOUN
fbem-1516	63	9	of	of	ADP
fbem-1516	63	10	china	china	PROPN
fbem-1516	63	11	's	's	PART
fbem-1516	63	12	ecommerce	ecommerce	NOUN
fbem-1516	63	13	platforms	platform	NOUN
fbem-1516	63	14	,	,	PUNCT
fbem-1516	63	15	the	the	DET
fbem-1516	63	16	comprehensive	comprehensive	ADJ
fbem-1516	63	17	promotion	promotion	NOUN
fbem-1516	63	18	of	of	ADP
fbem-1516	63	19	online	online	ADJ
fbem-1516	63	20	shopping	shopping	NOUN
fbem-1516	63	21	,	,	PUNCT
fbem-1516	63	22	and	and	CCONJ
fbem-1516	63	23	the	the	DET
fbem-1516	63	24	continuous	continuous	ADJ
fbem-1516	63	25	improvement	improvement	NOUN
fbem-1516	63	26	of	of	ADP
fbem-1516	63	27	china	china	PROPN
fbem-1516	63	28	's	's	PART
fbem-1516	63	29	shopping	shopping	NOUN
fbem-1516	63	30	environment	environment	NOUN
fbem-1516	63	31	have	have	AUX
fbem-1516	63	32	all	all	ADV
fbem-1516	63	33	enabled	enable	VERB
fbem-1516	63	34	luxury	luxury	NOUN
fbem-1516	63	35	brands	brand	NOUN
fbem-1516	63	36	to	to	PART
fbem-1516	63	37	have	have	VERB
fbem-1516	63	38	more	more	ADJ
fbem-1516	63	39	opportunities	opportunity	NOUN
fbem-1516	63	40	to	to	PART
fbem-1516	63	41	contact	contact	VERB
fbem-1516	63	42	high	high	ADJ
fbem-1516	63	43	-	-	PUNCT
fbem-1516	63	44	end	end	NOUN
fbem-1516	63	45	consumers	consumer	NOUN
fbem-1516	63	46	.	.	PUNCT
fbem-1516	64	1	during	during	ADP
fbem-1516	64	2	the	the	DET
fbem-1516	64	3	epidemic	epidemic	NOUN
fbem-1516	64	4	period	period	NOUN
fbem-1516	64	5	,	,	PUNCT
fbem-1516	64	6	major	major	ADJ
fbem-1516	64	7	e	e	NOUN
fbem-1516	64	8	-	-	NOUN
fbem-1516	64	9	commerce	commerce	NOUN
fbem-1516	64	10	platforms	platform	NOUN
fbem-1516	64	11	launched	launch	VERB
fbem-1516	64	12	online	online	ADJ
fbem-1516	64	13	activities	activity	NOUN
fbem-1516	64	14	to	to	PART
fbem-1516	64	15	attract	attract	VERB
fbem-1516	64	16	consumers	consumer	NOUN
fbem-1516	64	17	to	to	PART
fbem-1516	64	18	buy	buy	VERB
fbem-1516	64	19	.	.	PUNCT
fbem-1516	65	1	such	such	ADJ
fbem-1516	65	2	as	as	ADP
fbem-1516	65	3	the	the	DET
fbem-1516	65	4	"	"	PUNCT
fbem-1516	65	5	double	double	ADJ
fbem-1516	65	6	11	11	NUM
fbem-1516	65	7	"	"	PUNCT
fbem-1516	65	8	promotion	promotion	NOUN
fbem-1516	65	9	launched	launch	VERB
fbem-1516	65	10	on	on	ADP
fbem-1516	65	11	taobao	taobao	PROPN
fbem-1516	65	12	,	,	PUNCT
fbem-1516	65	13	the	the	DET
fbem-1516	65	14	"	"	PUNCT
fbem-1516	65	15	double	double	ADJ
fbem-1516	65	16	12	12	NUM
fbem-1516	65	17	"	"	PUNCT
fbem-1516	65	18	promotion	promotion	NOUN
fbem-1516	65	19	launched	launch	VERB
fbem-1516	65	20	by	by	ADP
fbem-1516	65	21	t	t	PROPN
fbem-1516	65	22	-	-	PUNCT
fbem-1516	65	23	mall	mall	NOUN
fbem-1516	65	24	and	and	CCONJ
fbem-1516	65	25	suning	sun	VERB
fbem-1516	65	26	tesco	tesco	PROPN
fbem-1516	65	27	's	's	PART
fbem-1516	65	28	online	online	ADJ
fbem-1516	65	29	activities	activity	NOUN
fbem-1516	65	30	,	,	PUNCT
fbem-1516	65	31	etc	etc	X
fbem-1516	65	32	.	.	X
fbem-1516	66	1	at	at	ADP
fbem-1516	66	2	the	the	DET
fbem-1516	66	3	same	same	ADJ
fbem-1516	66	4	time	time	NOUN
fbem-1516	66	5	,	,	PUNCT
fbem-1516	66	6	with	with	ADP
fbem-1516	66	7	the	the	DET
fbem-1516	66	8	help	help	NOUN
fbem-1516	66	9	of	of	ADP
fbem-1516	66	10	jd	jd	PROPN
fbem-1516	66	11	's	's	PART
fbem-1516	66	12	global	global	ADJ
fbem-1516	66	13	shopping	shopping	NOUN
fbem-1516	66	14	,	,	PUNCT
fbem-1516	66	15	overseas	overseas	ADJ
fbem-1516	66	16	shopping	shopping	NOUN
fbem-1516	66	17	,	,	PUNCT
fbem-1516	66	18	and	and	CCONJ
fbem-1516	66	19	foreign	foreign	ADJ
fbem-1516	66	20	wharf	wharf	NOUN
fbem-1516	66	21	,	,	PUNCT
fbem-1516	66	22	it	it	PRON
fbem-1516	66	23	provides	provide	VERB
fbem-1516	66	24	more	more	ADJ
fbem-1516	66	25	convenience	convenience	NOUN
fbem-1516	66	26	for	for	ADP
fbem-1516	66	27	luxury	luxury	NOUN
fbem-1516	66	28	sales	sale	NOUN
fbem-1516	66	29	.	.	PUNCT
fbem-1516	67	1	in	in	ADP
fbem-1516	67	2	china	china	PROPN
fbem-1516	67	3	,	,	PUNCT
fbem-1516	67	4	duty	duty	NOUN
fbem-1516	67	5	-	-	PUNCT
fbem-1516	67	6	free	free	ADJ
fbem-1516	67	7	shopping	shopping	NOUN
fbem-1516	67	8	in	in	ADP
fbem-1516	67	9	hainan	hainan	PROPN
fbem-1516	67	10	and	and	CCONJ
fbem-1516	67	11	other	other	ADJ
fbem-1516	67	12	places	place	NOUN
fbem-1516	67	13	has	have	AUX
fbem-1516	67	14	become	become	VERB
fbem-1516	67	15	a	a	DET
fbem-1516	67	16	new	new	ADJ
fbem-1516	67	17	growth	growth	NOUN
fbem-1516	67	18	point	point	NOUN
fbem-1516	67	19	for	for	ADP
fbem-1516	67	20	luxury	luxury	NOUN
fbem-1516	67	21	brands	brand	NOUN
fbem-1516	67	22	that	that	PRON
fbem-1516	67	23	ca	can	AUX
fbem-1516	67	24	n’t	not	PART
fbem-1516	67	25	be	be	AUX
fbem-1516	67	26	ignored	ignore	VERB
fbem-1516	67	27	.	.	PUNCT
fbem-1516	68	1	people	people	NOUN
fbem-1516	68	2	's	's	PART
fbem-1516	68	3	psychology	psychology	NOUN
fbem-1516	68	4	of	of	ADP
fbem-1516	68	5	"	"	PUNCT
fbem-1516	68	6	indulgence	indulgence	NOUN
fbem-1516	68	7	"	"	PUNCT
fbem-1516	68	8	in	in	ADP
fbem-1516	68	9	shopping	shopping	NOUN
fbem-1516	68	10	after	after	SCONJ
fbem-1516	68	11	the	the	DET
fbem-1516	68	12	epidemic	epidemic	NOUN
fbem-1516	68	13	has	have	AUX
fbem-1516	68	14	reflected	reflect	VERB
fbem-1516	68	15	,	,	PUNCT
fbem-1516	68	16	luxury	luxury	NOUN
fbem-1516	68	17	goods	good	NOUN
fbem-1516	68	18	will	will	AUX
fbem-1516	68	19	be	be	AUX
fbem-1516	68	20	easier	easy	ADJ
fbem-1516	68	21	to	to	PART
fbem-1516	68	22	meet	meet	VERB
fbem-1516	68	23	customers	customer	NOUN
fbem-1516	68	24	'	'	PART
fbem-1516	68	25	inner	inner	ADJ
fbem-1516	68	26	feelings	feeling	NOUN
fbem-1516	68	27	.	.	PUNCT
fbem-1516	69	1	4.3	4.3	NUM
fbem-1516	69	2	.	.	PUNCT
fbem-1516	69	3	rapid	rapid	ADJ
fbem-1516	69	4	growing	growing	NOUN
fbem-1516	69	5	of	of	ADP
fbem-1516	69	6	the	the	DET
fbem-1516	69	7	demand	demand	NOUN
fbem-1516	69	8	of	of	ADP
fbem-1516	69	9	the	the	DET
fbem-1516	69	10	second	second	ADJ
fbem-1516	69	11	-	-	PUNCT
fbem-1516	69	12	hand	hand	NOUN
fbem-1516	69	13	luxury	luxury	NOUN
fbem-1516	69	14	market	market	NOUN
fbem-1516	69	15	luxuries	luxury	NOUN
fbem-1516	69	16	are	be	AUX
fbem-1516	69	17	different	different	ADJ
fbem-1516	69	18	from	from	ADP
fbem-1516	69	19	other	other	ADJ
fbem-1516	69	20	daily	daily	ADJ
fbem-1516	69	21	consumer	consumer	NOUN
fbem-1516	69	22	goods	good	NOUN
fbem-1516	69	23	.	.	PUNCT
fbem-1516	70	1	one	one	NUM
fbem-1516	70	2	is	be	AUX
fbem-1516	70	3	the	the	DET
fbem-1516	70	4	product	product	NOUN
fbem-1516	70	5	price	price	NOUN
fbem-1516	70	6	.	.	PUNCT
fbem-1516	71	1	the	the	DET
fbem-1516	71	2	other	other	ADJ
fbem-1516	71	3	is	be	AUX
fbem-1516	71	4	that	that	SCONJ
fbem-1516	71	5	luxury	luxury	NOUN
fbem-1516	71	6	goods	good	NOUN
fbem-1516	71	7	can	can	AUX
fbem-1516	71	8	still	still	ADV
fbem-1516	71	9	maintain	maintain	VERB
fbem-1516	71	10	high	high	ADJ
fbem-1516	71	11	value	value	NOUN
fbem-1516	71	12	or	or	CCONJ
fbem-1516	71	13	have	have	VERB
fbem-1516	71	14	a	a	DET
fbem-1516	71	15	certain	certain	ADJ
fbem-1516	71	16	value	value	NOUN
fbem-1516	71	17	-	-	PUNCT
fbem-1516	71	18	added	add	VERB
fbem-1516	71	19	space	space	NOUN
fbem-1516	71	20	after	after	ADP
fbem-1516	71	21	secondary	secondary	ADJ
fbem-1516	71	22	transactions	transaction	NOUN
fbem-1516	71	23	.	.	PUNCT
fbem-1516	72	1	it	it	PRON
fbem-1516	72	2	can	can	AUX
fbem-1516	72	3	meet	meet	VERB
fbem-1516	72	4	consumers	consumer	NOUN
fbem-1516	72	5	'	'	PART
fbem-1516	72	6	requirements	requirement	NOUN
fbem-1516	72	7	for	for	ADP
fbem-1516	72	8	famous	famous	ADJ
fbem-1516	72	9	brands	brand	NOUN
fbem-1516	72	10	and	and	CCONJ
fbem-1516	72	11	meet	meet	VERB
fbem-1516	72	12	consumers	consumer	NOUN
fbem-1516	72	13	'	'	PART
fbem-1516	72	14	purchase	purchase	NOUN
fbem-1516	72	15	wishes	wish	NOUN
fbem-1516	72	16	.	.	PUNCT
fbem-1516	73	1	with	with	ADP
fbem-1516	73	2	the	the	DET
fbem-1516	73	3	continuous	continuous	ADJ
fbem-1516	73	4	improvement	improvement	NOUN
fbem-1516	73	5	of	of	ADP
fbem-1516	73	6	people	people	NOUN
fbem-1516	73	7	's	's	PART
fbem-1516	73	8	living	living	NOUN
fbem-1516	73	9	standards	standard	NOUN
fbem-1516	73	10	,	,	PUNCT
fbem-1516	73	11	more	more	ADJ
fbem-1516	73	12	and	and	CCONJ
fbem-1516	73	13	more	more	ADJ
fbem-1516	73	14	people	people	NOUN
fbem-1516	73	15	begin	begin	VERB
fbem-1516	73	16	to	to	PART
fbem-1516	73	17	seek	seek	VERB
fbem-1516	73	18	high	high	ADJ
fbem-1516	73	19	-	-	PUNCT
fbem-1516	73	20	quality	quality	NOUN
fbem-1516	73	21	life	life	NOUN
fbem-1516	73	22	.	.	PUNCT
fbem-1516	74	1	among	among	ADP
fbem-1516	74	2	the	the	DET
fbem-1516	74	3	first	first	ADJ
fbem-1516	74	4	-	-	PUNCT
fbem-1516	74	5	line	line	NOUN
fbem-1516	74	6	luxury	luxury	NOUN
fbem-1516	74	7	brands	brand	NOUN
fbem-1516	74	8	,	,	PUNCT
fbem-1516	74	9	the	the	DET
fbem-1516	74	10	classic	classic	ADJ
fbem-1516	74	11	model	model	NOUN
fbem-1516	74	12	has	have	VERB
fbem-1516	74	13	a	a	DET
fbem-1516	74	14	good	good	ADJ
fbem-1516	74	15	value	value	NOUN
fbem-1516	74	16	preservation	preservation	NOUN
fbem-1516	74	17	effect	effect	NOUN
fbem-1516	74	18	,	,	PUNCT
fbem-1516	74	19	which	which	PRON
fbem-1516	74	20	is	be	AUX
fbem-1516	74	21	also	also	ADV
fbem-1516	74	22	an	an	DET
fbem-1516	74	23	important	important	ADJ
fbem-1516	74	24	reason	reason	NOUN
fbem-1516	74	25	why	why	SCONJ
fbem-1516	74	26	it	it	PRON
fbem-1516	74	27	can	can	AUX
fbem-1516	74	28	sweep	sweep	VERB
fbem-1516	74	29	the	the	DET
fbem-1516	74	30	second	second	ADJ
fbem-1516	74	31	-	-	PUNCT
fbem-1516	74	32	hand	hand	NOUN
fbem-1516	74	33	market	market	NOUN
fbem-1516	74	34	.	.	PUNCT
fbem-1516	75	1	in	in	ADP
fbem-1516	75	2	terms	term	NOUN
fbem-1516	75	3	of	of	ADP
fbem-1516	75	4	growth	growth	NOUN
fbem-1516	75	5	rate	rate	NOUN
fbem-1516	75	6	,	,	PUNCT
fbem-1516	75	7	the	the	DET
fbem-1516	75	8	growth	growth	NOUN
fbem-1516	75	9	rate	rate	NOUN
fbem-1516	75	10	of	of	ADP
fbem-1516	75	11	the	the	DET
fbem-1516	75	12	secondhand	secondhand	NOUN
fbem-1516	75	13	luxury	luxury	NOUN
fbem-1516	75	14	market	market	NOUN
fbem-1516	75	15	has	have	AUX
fbem-1516	75	16	increased	increase	VERB
fbem-1516	75	17	year	year	NOUN
fbem-1516	75	18	by	by	ADP
fbem-1516	75	19	year	year	NOUN
fbem-1516	75	20	since	since	SCONJ
fbem-1516	75	21	2018	2018	NUM
fbem-1516	75	22	,	,	PUNCT
fbem-1516	75	23	indicating	indicate	VERB
fbem-1516	75	24	that	that	SCONJ
fbem-1516	75	25	the	the	DET
fbem-1516	75	26	second	second	ADJ
fbem-1516	75	27	-	-	PUNCT
fbem-1516	75	28	hand	hand	NOUN
fbem-1516	75	29	market	market	NOUN
fbem-1516	75	30	is	be	AUX
fbem-1516	75	31	in	in	ADP
fbem-1516	75	32	a	a	DET
fbem-1516	75	33	state	state	NOUN
fbem-1516	75	34	of	of	ADP
fbem-1516	75	35	rapid	rapid	ADJ
fbem-1516	75	36	growth	growth	NOUN
fbem-1516	75	37	.	.	PUNCT
fbem-1516	76	1	4.4	4.4	NUM
fbem-1516	76	2	.	.	PUNCT
fbem-1516	77	1	affected	affect	VERB
fbem-1516	77	2	by	by	ADP
fbem-1516	77	3	the	the	DET
fbem-1516	77	4	growth	growth	NOUN
fbem-1516	77	5	of	of	ADP
fbem-1516	77	6	national	national	ADJ
fbem-1516	77	7	income	income	NOUN
fbem-1516	77	8	according	accord	VERB
fbem-1516	77	9	to	to	ADP
fbem-1516	77	10	the	the	DET
fbem-1516	77	11	demand	demand	NOUN
fbem-1516	77	12	theory	theory	NOUN
fbem-1516	77	13	of	of	ADP
fbem-1516	77	14	microeconomics	microeconomics	PROPN
fbem-1516	77	15	,	,	PUNCT
fbem-1516	77	16	the	the	DET
fbem-1516	77	17	change	change	NOUN
fbem-1516	77	18	of	of	ADP
fbem-1516	77	19	income	income	NOUN
fbem-1516	77	20	can	can	AUX
fbem-1516	77	21	cause	cause	VERB
fbem-1516	77	22	the	the	DET
fbem-1516	77	23	movement	movement	NOUN
fbem-1516	77	24	of	of	ADP
fbem-1516	77	25	demand	demand	NOUN
fbem-1516	77	26	curve	curve	NOUN
fbem-1516	77	27	.	.	PUNCT
fbem-1516	78	1	for	for	ADP
fbem-1516	78	2	normal	normal	ADJ
fbem-1516	78	3	goods	good	NOUN
fbem-1516	78	4	,	,	PUNCT
fbem-1516	78	5	if	if	SCONJ
fbem-1516	78	6	the	the	DET
fbem-1516	78	7	income	income	NOUN
fbem-1516	78	8	rises	rise	VERB
fbem-1516	78	9	,	,	PUNCT
fbem-1516	78	10	the	the	DET
fbem-1516	78	11	demand	demand	NOUN
fbem-1516	78	12	curve	curve	NOUN
fbem-1516	78	13	will	will	AUX
fbem-1516	78	14	move	move	VERB
fbem-1516	78	15	in	in	ADP
fbem-1516	78	16	the	the	DET
fbem-1516	78	17	upward	upward	ADJ
fbem-1516	78	18	direction	direction	NOUN
fbem-1516	78	19	.	.	PUNCT
fbem-1516	79	1	if	if	SCONJ
fbem-1516	79	2	income	income	NOUN
fbem-1516	79	3	falls	fall	VERB
fbem-1516	79	4	,	,	PUNCT
fbem-1516	79	5	it	it	PRON
fbem-1516	79	6	moves	move	VERB
fbem-1516	79	7	in	in	ADP
fbem-1516	79	8	the	the	DET
fbem-1516	79	9	downward	downward	ADJ
fbem-1516	79	10	direction	direction	NOUN
fbem-1516	79	11	.	.	PUNCT
fbem-1516	80	1	but	but	CCONJ
fbem-1516	80	2	luxuries	luxury	NOUN
fbem-1516	80	3	do	do	AUX
fbem-1516	80	4	not	not	PART
fbem-1516	80	5	belong	belong	VERB
fbem-1516	80	6	to	to	ADP
fbem-1516	80	7	daily	daily	ADJ
fbem-1516	80	8	necessities	necessity	NOUN
fbem-1516	80	9	or	or	CCONJ
fbem-1516	80	10	low	low	ADJ
fbem-1516	80	11	-	-	PUNCT
fbem-1516	80	12	grade	grade	NOUN
fbem-1516	80	13	commodities	commodity	NOUN
fbem-1516	80	14	,	,	PUNCT
fbem-1516	80	15	their	their	PRON
fbem-1516	80	16	sales	sale	NOUN
fbem-1516	80	17	are	be	AUX
fbem-1516	80	18	more	more	ADV
fbem-1516	80	19	affected	affect	VERB
fbem-1516	80	20	by	by	ADP
fbem-1516	80	21	income	income	NOUN
fbem-1516	80	22	.	.	PUNCT
fbem-1516	81	1	high	high	ADJ
fbem-1516	81	2	-	-	PUNCT
fbem-1516	81	3	income	income	NOUN
fbem-1516	81	4	families	family	NOUN
fbem-1516	81	5	or	or	CCONJ
fbem-1516	81	6	individuals	individual	NOUN
fbem-1516	81	7	usually	usually	ADV
fbem-1516	81	8	have	have	VERB
fbem-1516	81	9	greater	great	ADJ
fbem-1516	81	10	will	will	NOUN
fbem-1516	81	11	and	and	CCONJ
fbem-1516	81	12	ability	ability	NOUN
fbem-1516	81	13	.	.	PUNCT
fbem-1516	82	1	the	the	DET
fbem-1516	82	2	influence	influence	NOUN
fbem-1516	82	3	of	of	ADP
fbem-1516	82	4	income	income	NOUN
fbem-1516	82	5	on	on	ADP
fbem-1516	82	6	luxury	luxury	NOUN
fbem-1516	82	7	consumption	consumption	NOUN
fbem-1516	82	8	behavior	behavior	NOUN
fbem-1516	82	9	has	have	AUX
fbem-1516	82	10	been	be	AUX
fbem-1516	82	11	discussed	discuss	VERB
fbem-1516	82	12	from	from	ADP
fbem-1516	82	13	both	both	CCONJ
fbem-1516	82	14	theoretical	theoretical	ADJ
fbem-1516	82	15	and	and	CCONJ
fbem-1516	82	16	empirical	empirical	ADJ
fbem-1516	82	17	aspect	aspect	NOUN
fbem-1516	82	18	,	,	PUNCT
fbem-1516	82	19	the	the	DET
fbem-1516	82	20	result	result	NOUN
fbem-1516	82	21	shows	show	VERB
fbem-1516	82	22	that	that	SCONJ
fbem-1516	82	23	income	income	NOUN
fbem-1516	82	24	growth	growth	NOUN
fbem-1516	82	25	makes	make	VERB
fbem-1516	82	26	the	the	DET
fbem-1516	82	27	luxury	luxury	NOUN
fbem-1516	82	28	demand	demand	NOUN
fbem-1516	82	29	market	market	NOUN
fbem-1516	82	30	expand	expand	VERB
fbem-1516	82	31	continuously	continuously	ADV
fbem-1516	82	32	.	.	PUNCT
fbem-1516	83	1	however	however	ADV
fbem-1516	83	2	,	,	PUNCT
fbem-1516	83	3	from	from	ADP
fbem-1516	83	4	the	the	DET
fbem-1516	83	5	actual	actual	ADJ
fbem-1516	83	6	situation	situation	NOUN
fbem-1516	83	7	,	,	PUNCT
fbem-1516	83	8	people	people	NOUN
fbem-1516	83	9	find	find	VERB
fbem-1516	83	10	that	that	SCONJ
fbem-1516	83	11	income	income	NOUN
fbem-1516	83	12	growth	growth	NOUN
fbem-1516	83	13	and	and	CCONJ
fbem-1516	83	14	demand	demand	NOUN
fbem-1516	83	15	growth	growth	NOUN
fbem-1516	83	16	are	be	AUX
fbem-1516	83	17	not	not	PART
fbem-1516	83	18	always	always	ADV
fbem-1516	83	19	in	in	ADP
fbem-1516	83	20	direct	direct	ADJ
fbem-1516	83	21	proportion	proportion	NOUN
fbem-1516	83	22	.	.	PUNCT
fbem-1516	84	1	some	some	DET
fbem-1516	84	2	rich	rich	ADJ
fbem-1516	84	3	people	people	NOUN
fbem-1516	84	4	like	like	ADP
fbem-1516	84	5	luxuries	luxury	NOUN
fbem-1516	84	6	,	,	PUNCT
fbem-1516	84	7	but	but	CCONJ
fbem-1516	84	8	their	their	PRON
fbem-1516	84	9	desire	desire	NOUN
fbem-1516	84	10	for	for	ADP
fbem-1516	84	11	luxury	luxury	NOUN
fbem-1516	84	12	goods	good	NOUN
fbem-1516	84	13	is	be	AUX
fbem-1516	84	14	sometimes	sometimes	ADV
fbem-1516	84	15	less	less	ADJ
fbem-1516	84	16	than	than	ADP
fbem-1516	84	17	that	that	PRON
fbem-1516	84	18	of	of	ADP
fbem-1516	84	19	whitecollar	whitecollar	ADJ
fbem-1516	84	20	workers	worker	NOUN
fbem-1516	84	21	and	and	CCONJ
fbem-1516	84	22	businessmen	businessman	NOUN
fbem-1516	84	23	.	.	PUNCT
fbem-1516	85	1	sometimes	sometimes	ADV
fbem-1516	85	2	some	some	DET
fbem-1516	85	3	rich	rich	ADJ
fbem-1516	85	4	people	people	NOUN
fbem-1516	85	5	consume	consume	VERB
fbem-1516	85	6	luxuries	luxury	NOUN
fbem-1516	85	7	more	more	ADV
fbem-1516	85	8	rationally	rationally	ADV
fbem-1516	85	9	,	,	PUNCT
fbem-1516	85	10	and	and	CCONJ
fbem-1516	85	11	their	their	PRON
fbem-1516	85	12	expectation	expectation	NOUN
fbem-1516	85	13	of	of	ADP
fbem-1516	85	14	using	use	VERB
fbem-1516	85	15	such	such	ADJ
fbem-1516	85	16	products	product	NOUN
fbem-1516	85	17	and	and	CCONJ
fbem-1516	85	18	services	service	NOUN
fbem-1516	85	19	to	to	PART
fbem-1516	85	20	highlight	highlight	VERB
fbem-1516	85	21	their	their	PRON
fbem-1516	85	22	identity	identity	NOUN
fbem-1516	85	23	and	and	CCONJ
fbem-1516	85	24	social	social	ADJ
fbem-1516	85	25	status	status	NOUN
fbem-1516	85	26	is	be	AUX
fbem-1516	85	27	not	not	PART
fbem-1516	85	28	as	as	ADV
fbem-1516	85	29	good	good	ADJ
fbem-1516	85	30	as	as	ADP
fbem-1516	85	31	that	that	PRON
fbem-1516	85	32	of	of	ADP
fbem-1516	85	33	ordinary	ordinary	ADJ
fbem-1516	85	34	business	business	NOUN
fbem-1516	85	35	people	people	NOUN
fbem-1516	86	1	[	[	X
fbem-1516	86	2	5	5	NUM
fbem-1516	86	3	]	]	PUNCT
fbem-1516	86	4	.	.	PUNCT
fbem-1516	87	1	4.5	4.5	NUM
fbem-1516	87	2	.	.	PUNCT
fbem-1516	88	1	price	price	NOUN
fbem-1516	88	2	factors	factor	NOUN
fbem-1516	88	3	luxuries	luxury	NOUN
fbem-1516	88	4	are	be	AUX
fbem-1516	88	5	priced	price	VERB
fbem-1516	88	6	according	accord	VERB
fbem-1516	88	7	to	to	ADP
fbem-1516	88	8	their	their	PRON
fbem-1516	88	9	high	high	ADJ
fbem-1516	88	10	quality	quality	NOUN
fbem-1516	88	11	.	.	PUNCT
fbem-1516	89	1	due	due	ADP
fbem-1516	89	2	to	to	ADP
fbem-1516	89	3	their	their	PRON
fbem-1516	89	4	expensive	expensive	ADJ
fbem-1516	89	5	materials	material	NOUN
fbem-1516	89	6	,	,	PUNCT
fbem-1516	89	7	refined	refined	ADJ
fbem-1516	89	8	production	production	NOUN
fbem-1516	89	9	,	,	PUNCT
fbem-1516	89	10	prominent	prominent	ADJ
fbem-1516	89	11	design	design	NOUN
fbem-1516	89	12	aesthetics	aesthetic	NOUN
fbem-1516	89	13	as	as	ADV
fbem-1516	89	14	well	well	ADV
fbem-1516	89	15	as	as	ADP
fbem-1516	89	16	legendary	legendary	ADJ
fbem-1516	89	17	historical	historical	ADJ
fbem-1516	89	18	and	and	CCONJ
fbem-1516	89	19	cultural	cultural	ADJ
fbem-1516	89	20	background	background	NOUN
fbem-1516	89	21	,	,	PUNCT
fbem-1516	89	22	the	the	DET
fbem-1516	89	23	wealth	wealth	NOUN
fbem-1516	89	24	,	,	PUNCT
fbem-1516	89	25	status	status	NOUN
fbem-1516	89	26	,	,	PUNCT
fbem-1516	89	27	value	value	NOUN
fbem-1516	89	28	and	and	CCONJ
fbem-1516	89	29	lifestyle	lifestyle	NOUN
fbem-1516	89	30	of	of	ADP
fbem-1516	89	31	customers	customer	NOUN
fbem-1516	89	32	are	be	AUX
fbem-1516	89	33	reflected	reflect	VERB
fbem-1516	89	34	.	.	PUNCT
fbem-1516	90	1	the	the	DET
fbem-1516	90	2	price	price	NOUN
fbem-1516	90	3	of	of	ADP
fbem-1516	90	4	luxuries	luxury	NOUN
fbem-1516	90	5	is	be	AUX
fbem-1516	90	6	often	often	ADV
fbem-1516	90	7	very	very	ADV
fbem-1516	90	8	expensive	expensive	ADJ
fbem-1516	90	9	,	,	PUNCT
fbem-1516	90	10	even	even	ADV
fbem-1516	90	11	beyond	beyond	ADP
fbem-1516	90	12	the	the	DET
fbem-1516	90	13	range	range	NOUN
fbem-1516	90	14	that	that	SCONJ
fbem-1516	90	15	ordinary	ordinary	ADJ
fbem-1516	90	16	goods	good	NOUN
fbem-1516	90	17	can	can	AUX
fbem-1516	90	18	bear	bear	VERB
fbem-1516	90	19	.	.	PUNCT
fbem-1516	91	1	this	this	DET
fbem-1516	91	2	price	price	NOUN
fbem-1516	91	3	strategy	strategy	NOUN
fbem-1516	91	4	meets	meet	VERB
fbem-1516	91	5	the	the	DET
fbem-1516	91	6	psychological	psychological	ADJ
fbem-1516	91	7	needs	need	NOUN
fbem-1516	91	8	of	of	ADP
fbem-1516	91	9	many	many	ADJ
fbem-1516	91	10	high	high	ADJ
fbem-1516	91	11	-	-	PUNCT
fbem-1516	91	12	end	end	NOUN
fbem-1516	91	13	businessmen	businessman	NOUN
fbem-1516	91	14	.	.	PUNCT
fbem-1516	92	1	other	other	ADJ
fbem-1516	92	2	consumer	consumer	NOUN
fbem-1516	92	3	groups	group	NOUN
fbem-1516	92	4	believe	believe	VERB
fbem-1516	92	5	that	that	SCONJ
fbem-1516	92	6	high	high	ADJ
fbem-1516	92	7	prices	price	NOUN
fbem-1516	92	8	can	can	AUX
fbem-1516	92	9	ensure	ensure	VERB
fbem-1516	92	10	high	high	ADJ
fbem-1516	92	11	quality	quality	NOUN
fbem-1516	92	12	,	,	PUNCT
fbem-1516	92	13	which	which	PRON
fbem-1516	92	14	is	be	AUX
fbem-1516	92	15	particularly	particularly	ADV
fbem-1516	92	16	152	152	NUM
fbem-1516	92	17	evident	evident	ADJ
fbem-1516	92	18	when	when	SCONJ
fbem-1516	92	19	consumers	consumer	NOUN
fbem-1516	92	20	buy	buy	VERB
fbem-1516	92	21	luxury	luxury	NOUN
fbem-1516	92	22	goods	good	NOUN
fbem-1516	92	23	,	,	PUNCT
fbem-1516	92	24	because	because	SCONJ
fbem-1516	92	25	they	they	PRON
fbem-1516	92	26	prefer	prefer	VERB
fbem-1516	92	27	to	to	PART
fbem-1516	92	28	choose	choose	VERB
fbem-1516	92	29	luxury	luxury	NOUN
fbem-1516	92	30	goods	good	NOUN
fbem-1516	92	31	with	with	ADP
fbem-1516	92	32	reasonable	reasonable	ADJ
fbem-1516	92	33	prices	price	NOUN
fbem-1516	92	34	and	and	CCONJ
fbem-1516	92	35	high	high	ADJ
fbem-1516	92	36	cost	cost	NOUN
fbem-1516	92	37	-	-	PUNCT
fbem-1516	92	38	performance	performance	NOUN
fbem-1516	92	39	as	as	ADP
fbem-1516	92	40	their	their	PRON
fbem-1516	92	41	own	own	ADJ
fbem-1516	92	42	consumer	consumer	NOUN
fbem-1516	92	43	goods	good	NOUN
fbem-1516	92	44	.	.	PUNCT
fbem-1516	93	1	this	this	PRON
fbem-1516	93	2	is	be	AUX
fbem-1516	93	3	one	one	NUM
fbem-1516	93	4	of	of	ADP
fbem-1516	93	5	the	the	DET
fbem-1516	93	6	important	important	ADJ
fbem-1516	93	7	reasons	reason	NOUN
fbem-1516	93	8	for	for	ADP
fbem-1516	93	9	the	the	DET
fbem-1516	93	10	formation	formation	NOUN
fbem-1516	93	11	of	of	ADP
fbem-1516	93	12	their	their	PRON
fbem-1516	93	13	brand	brand	NOUN
fbem-1516	93	14	loyalty	loyalty	NOUN
fbem-1516	93	15	.	.	PUNCT
fbem-1516	94	1	for	for	ADP
fbem-1516	94	2	consumers	consumer	NOUN
fbem-1516	94	3	who	who	PRON
fbem-1516	94	4	really	really	ADV
fbem-1516	94	5	seek	seek	VERB
fbem-1516	94	6	quality	quality	NOUN
fbem-1516	94	7	of	of	ADP
fbem-1516	94	8	life	life	NOUN
fbem-1516	94	9	and	and	CCONJ
fbem-1516	94	10	a	a	DET
fbem-1516	94	11	high	high	ADJ
fbem-1516	94	12	degree	degree	NOUN
fbem-1516	94	13	of	of	ADP
fbem-1516	94	14	satisfaction	satisfaction	NOUN
fbem-1516	94	15	,	,	PUNCT
fbem-1516	94	16	what	what	PRON
fbem-1516	94	17	they	they	PRON
fbem-1516	94	18	care	care	VERB
fbem-1516	94	19	about	about	ADP
fbem-1516	94	20	is	be	AUX
fbem-1516	94	21	not	not	PART
fbem-1516	94	22	the	the	DET
fbem-1516	94	23	price	price	NOUN
fbem-1516	94	24	,	,	PUNCT
fbem-1516	94	25	but	but	CCONJ
fbem-1516	94	26	the	the	DET
fbem-1516	94	27	comfort	comfort	NOUN
fbem-1516	94	28	and	and	CCONJ
fbem-1516	94	29	convenience	convenience	NOUN
fbem-1516	94	30	that	that	SCONJ
fbem-1516	94	31	products	product	NOUN
fbem-1516	94	32	and	and	CCONJ
fbem-1516	94	33	services	service	NOUN
fbem-1516	94	34	can	can	AUX
fbem-1516	94	35	bring	bring	VERB
fbem-1516	94	36	to	to	ADP
fbem-1516	94	37	them	they	PRON
fbem-1516	94	38	.	.	PUNCT
fbem-1516	95	1	the	the	DET
fbem-1516	95	2	high	high	ADJ
fbem-1516	95	3	price	price	NOUN
fbem-1516	95	4	different	different	ADJ
fbem-1516	95	5	from	from	ADP
fbem-1516	95	6	ordinary	ordinary	ADJ
fbem-1516	95	7	goods	good	NOUN
fbem-1516	95	8	makes	make	VERB
fbem-1516	95	9	consumers	consumer	NOUN
fbem-1516	95	10	think	think	VERB
fbem-1516	95	11	that	that	SCONJ
fbem-1516	95	12	luxury	luxury	NOUN
fbem-1516	95	13	goods	good	NOUN
fbem-1516	95	14	have	have	VERB
fbem-1516	95	15	the	the	DET
fbem-1516	95	16	same	same	ADJ
fbem-1516	95	17	characteristics	characteristic	NOUN
fbem-1516	95	18	as	as	ADP
fbem-1516	95	19	ordinary	ordinary	ADJ
fbem-1516	95	20	things	thing	NOUN
fbem-1516	95	21	.	.	PUNCT
fbem-1516	96	1	therefore	therefore	ADV
fbem-1516	96	2	,	,	PUNCT
fbem-1516	96	3	the	the	DET
fbem-1516	96	4	price	price	NOUN
fbem-1516	96	5	factor	factor	NOUN
fbem-1516	96	6	is	be	AUX
fbem-1516	96	7	the	the	DET
fbem-1516	96	8	most	most	ADV
fbem-1516	96	9	important	important	ADJ
fbem-1516	96	10	reason	reason	NOUN
fbem-1516	96	11	for	for	ADP
fbem-1516	96	12	this	this	DET
fbem-1516	96	13	part	part	NOUN
fbem-1516	96	14	of	of	ADP
fbem-1516	96	15	consumer	consumer	NOUN
fbem-1516	96	16	demand	demand	NOUN
fbem-1516	96	17	.	.	PUNCT
fbem-1516	97	1	5	5	X
fbem-1516	97	2	.	.	X
fbem-1516	97	3	conclusion	conclusion	NOUN
fbem-1516	97	4	with	with	ADP
fbem-1516	97	5	the	the	DET
fbem-1516	97	6	transformation	transformation	NOUN
fbem-1516	97	7	and	and	CCONJ
fbem-1516	97	8	upgrading	upgrading	NOUN
fbem-1516	97	9	of	of	ADP
fbem-1516	97	10	consumption	consumption	NOUN
fbem-1516	97	11	,	,	PUNCT
fbem-1516	97	12	the	the	DET
fbem-1516	97	13	scale	scale	NOUN
fbem-1516	97	14	of	of	ADP
fbem-1516	97	15	luxury	luxury	NOUN
fbem-1516	97	16	investment	investment	NOUN
fbem-1516	97	17	is	be	AUX
fbem-1516	97	18	becoming	become	VERB
fbem-1516	97	19	larger	large	ADJ
fbem-1516	97	20	and	and	CCONJ
fbem-1516	97	21	larger	large	ADJ
fbem-1516	97	22	.	.	PUNCT
fbem-1516	98	1	consumers	consumer	NOUN
fbem-1516	98	2	in	in	ADP
fbem-1516	98	3	the	the	DET
fbem-1516	98	4	post	post	NOUN
fbem-1516	98	5	epidemic	epidemic	NOUN
fbem-1516	98	6	era	era	NOUN
fbem-1516	98	7	did	do	AUX
fbem-1516	98	8	not	not	PART
fbem-1516	98	9	give	give	VERB
fbem-1516	98	10	up	up	ADP
fbem-1516	98	11	the	the	DET
fbem-1516	98	12	purchase	purchase	NOUN
fbem-1516	98	13	of	of	ADP
fbem-1516	98	14	luxuries	luxury	NOUN
fbem-1516	98	15	,	,	PUNCT
fbem-1516	98	16	but	but	CCONJ
fbem-1516	98	17	expected	expect	VERB
fbem-1516	98	18	to	to	PART
fbem-1516	98	19	buy	buy	VERB
fbem-1516	98	20	luxuries	luxury	NOUN
fbem-1516	98	21	worth	worth	ADJ
fbem-1516	98	22	more	more	ADJ
fbem-1516	98	23	.	.	PUNCT
fbem-1516	99	1	therefore	therefore	ADV
fbem-1516	99	2	,	,	PUNCT
fbem-1516	99	3	for	for	ADP
fbem-1516	99	4	luxury	luxury	NOUN
fbem-1516	99	5	brands	brand	NOUN
fbem-1516	99	6	,	,	PUNCT
fbem-1516	99	7	the	the	DET
fbem-1516	99	8	real	real	ADJ
fbem-1516	99	9	challenge	challenge	NOUN
fbem-1516	99	10	is	be	AUX
fbem-1516	99	11	how	how	SCONJ
fbem-1516	99	12	to	to	PART
fbem-1516	99	13	give	give	VERB
fbem-1516	99	14	more	more	ADJ
fbem-1516	99	15	and	and	CCONJ
fbem-1516	99	16	more	more	ADV
fbem-1516	99	17	smart	smart	ADJ
fbem-1516	99	18	and	and	CCONJ
fbem-1516	99	19	rational	rational	ADJ
fbem-1516	99	20	consumers	consumer	NOUN
fbem-1516	99	21	a	a	DET
fbem-1516	99	22	reason	reason	NOUN
fbem-1516	99	23	to	to	PART
fbem-1516	99	24	buy	buy	VERB
fbem-1516	99	25	.	.	PUNCT
fbem-1516	100	1	luxuries	luxury	NOUN
fbem-1516	100	2	should	should	AUX
fbem-1516	100	3	find	find	VERB
fbem-1516	100	4	out	out	ADP
fbem-1516	100	5	the	the	DET
fbem-1516	100	6	needs	need	NOUN
fbem-1516	100	7	of	of	ADP
fbem-1516	100	8	consumers	consumer	NOUN
fbem-1516	100	9	.	.	PUNCT
fbem-1516	101	1	at	at	ADP
fbem-1516	101	2	the	the	DET
fbem-1516	101	3	same	same	ADJ
fbem-1516	101	4	time	time	NOUN
fbem-1516	101	5	,	,	PUNCT
fbem-1516	101	6	consumers	consumer	NOUN
fbem-1516	101	7	should	should	AUX
fbem-1516	101	8	make	make	VERB
fbem-1516	101	9	accurate	accurate	ADJ
fbem-1516	101	10	judgments	judgment	NOUN
fbem-1516	101	11	on	on	ADP
fbem-1516	101	12	risks	risk	NOUN
fbem-1516	101	13	,	,	PUNCT
fbem-1516	101	14	avoid	avoid	VERB
fbem-1516	101	15	risks	risk	NOUN
fbem-1516	101	16	in	in	ADP
fbem-1516	101	17	time	time	NOUN
fbem-1516	101	18	,	,	PUNCT
fbem-1516	101	19	and	and	CCONJ
fbem-1516	101	20	make	make	VERB
fbem-1516	101	21	the	the	DET
fbem-1516	101	22	luxury	luxury	NOUN
fbem-1516	101	23	consumption	consumption	NOUN
fbem-1516	101	24	market	market	NOUN
fbem-1516	101	25	more	more	ADV
fbem-1516	101	26	standardized	standardized	ADJ
fbem-1516	101	27	and	and	CCONJ
fbem-1516	101	28	orderly	orderly	ADJ
fbem-1516	101	29	.	.	PUNCT
fbem-1516	102	1	references	reference	NOUN
fbem-1516	102	2	[	[	X
fbem-1516	102	3	1	1	X
fbem-1516	102	4	]	]	PUNCT
fbem-1516	102	5	wang	wang	PROPN
fbem-1516	102	6	wei	wei	PROPN
fbem-1516	102	7	.	.	PUNCT
fbem-1516	103	1	(	(	PUNCT
fbem-1516	103	2	2019).on	2019).on	NUM
fbem-1516	103	3	luxury	luxury	NOUN
fbem-1516	103	4	investment	investment	NOUN
fbem-1516	103	5	.	.	PUNCT
fbem-1516	104	1	youth	youth	NOUN
fbem-1516	104	2	and	and	CCONJ
fbem-1516	104	3	society	society	NOUN
fbem-1516	104	4	,	,	PUNCT
fbem-1516	104	5	(	(	PUNCT
fbem-1516	104	6	16):149	16):149	NUM
fbem-1516	104	7	-	-	SYM
fbem-1516	104	8	150	150	NUM
fbem-1516	104	9	.	.	PUNCT
fbem-1516	105	1	[	[	X
fbem-1516	105	2	2	2	NUM
fbem-1516	105	3	]	]	X
fbem-1516	105	4	chen	chen	PROPN
fbem-1516	105	5	xiaomin	xiaomin	PROPN
fbem-1516	105	6	,	,	PUNCT
fbem-1516	105	7	luo	luo	PROPN
fbem-1516	105	8	yangyu	yangyu	PROPN
fbem-1516	105	9	,	,	PUNCT
fbem-1516	105	10	wei	wei	PROPN
fbem-1516	105	11	yujin	yujin	PROPN
fbem-1516	105	12	.	.	PUNCT
fbem-1516	106	1	(	(	PUNCT
fbem-1516	106	2	2019).luxury	2019).luxury	NUM
fbem-1516	106	3	investment	investment	NOUN
fbem-1516	106	4	:	:	PUNCT
fbem-1516	106	5	discount	discount	NOUN
fbem-1516	106	6	when	when	SCONJ
fbem-1516	106	7	flowers	flower	NOUN
fbem-1516	106	8	bloom	bloom	VERB
fbem-1516	106	9	.	.	PUNCT
fbem-1516	107	1	modern	modern	ADJ
fbem-1516	107	2	commercial	commercial	ADJ
fbem-1516	107	3	bank	bank	NOUN
fbem-1516	107	4	,	,	PUNCT
fbem-1516	107	5	(	(	PUNCT
fbem-1516	107	6	04):49	04):49	NUM
fbem-1516	107	7	-	-	SYM
fbem-1516	107	8	51	51	NUM
fbem-1516	107	9	.	.	PUNCT
fbem-1516	108	1	[	[	X
fbem-1516	108	2	3	3	NUM
fbem-1516	108	3	]	]	PUNCT
fbem-1516	108	4	xu	xu	PROPN
fbem-1516	108	5	ying	ying	PROPN
fbem-1516	108	6	.	.	PUNCT
fbem-1516	109	1	(	(	PUNCT
fbem-1516	109	2	2017).current	2017).current	NUM
fbem-1516	109	3	situation	situation	NOUN
fbem-1516	109	4	and	and	CCONJ
fbem-1516	109	5	development	development	NOUN
fbem-1516	109	6	of	of	ADP
fbem-1516	109	7	luxury	luxury	NOUN
fbem-1516	109	8	investment	investment	NOUN
fbem-1516	109	9	in	in	ADP
fbem-1516	109	10	china.china	china.china	PROPN
fbem-1516	109	11	market	market	NOUN
fbem-1516	109	12	,	,	PUNCT
fbem-1516	109	13	(	(	PUNCT
fbem-1516	109	14	17):100101.doi:10.13939	17):100101.doi:10.13939	NUM
fbem-1516	109	15	/	/	SYM
fbem-1516	109	16	j.cnki.zgsc.2017.17.100	j.cnki.zgsc.2017.17.100	PROPN
fbem-1516	109	17	.	.	PUNCT
fbem-1516	110	1	[	[	X
fbem-1516	110	2	4	4	NUM
fbem-1516	110	3	]	]	X
fbem-1516	110	4	zhao	zhao	PROPN
fbem-1516	110	5	ya	ya	PROPN
fbem-1516	110	6	.	.	PUNCT
fbem-1516	111	1	(	(	PUNCT
fbem-1516	111	2	2016).comparative	2016).comparative	NUM
fbem-1516	111	3	analysis	analysis	NOUN
fbem-1516	111	4	on	on	ADP
fbem-1516	111	5	the	the	DET
fbem-1516	111	6	development	development	NOUN
fbem-1516	111	7	status	status	NOUN
fbem-1516	111	8	and	and	CCONJ
fbem-1516	111	9	investment	investment	NOUN
fbem-1516	111	10	conditions	condition	NOUN
fbem-1516	111	11	of	of	ADP
fbem-1516	111	12	luxuries	luxury	NOUN
fbem-1516	111	13	market	market	NOUN
fbem-1516	111	14	between	between	ADP
fbem-1516	111	15	china	china	PROPN
fbem-1516	111	16	and	and	CCONJ
fbem-1516	111	17	japan	japan	PROPN
fbem-1516	111	18	.	.	PUNCT
fbem-1516	112	1	the	the	DET
fbem-1516	112	2	world	world	PROPN
fbem-1516	112	3	&	&	CCONJ
fbem-1516	112	4	chongqing(academic	chongqing(academic	PROPN
fbem-1516	112	5	edition),33(10):40	edition),33(10):40	PROPN
fbem-1516	112	6	-	-	PUNCT
fbem-1516	112	7	44.doi:10.13769	44.doi:10.13769	NOUN
fbem-1516	112	8	/	/	SYM
fbem-1516	112	9	j.cnki.cn501011	j.cnki.cn501011	PROPN
fbem-1516	112	10	/	/	SYM
fbem-1516	112	11	d.2016.10.009	d.2016.10.009	NOUN
fbem-1516	112	12	.	.	PUNCT
fbem-1516	113	1	[	[	X
fbem-1516	113	2	5	5	X
fbem-1516	113	3	]	]	PUNCT
fbem-1516	113	4	nameless.(2014)opening	nameless.(2014)opene	VERB
fbem-1516	113	5	the	the	DET
fbem-1516	113	6	floodgates	floodgate	NOUN
fbem-1516	113	7	for	for	ADP
fbem-1516	113	8	individual	individual	ADJ
fbem-1516	113	9	overseas	overseas	ADJ
fbem-1516	113	10	investment	investment	NOUN
fbem-1516	113	11	:	:	PUNCT
fbem-1516	113	12	luxury	luxury	NOUN
fbem-1516	113	13	purchasing	purchasing	NOUN
fbem-1516	113	14	agency	agency	NOUN
fbem-1516	113	15	is	be	AUX
fbem-1516	113	16	expected	expect	VERB
fbem-1516	113	17	to	to	PART
fbem-1516	113	18	reduce	reduce	VERB
fbem-1516	113	19	prices	price	NOUN
fbem-1516	113	20	.	.	PUNCT
fbem-1516	114	1	modern	modern	ADJ
fbem-1516	114	2	marketing	marketing	NOUN
fbem-1516	114	3	(	(	PUNCT
fbem-1516	114	4	business	business	NOUN
fbem-1516	114	5	edition	edition	PROPN
fbem-1516	114	6	)	)	PUNCT
fbem-1516	114	7	,	,	PUNCT
fbem-1516	114	8	(	(	PUNCT
fbem-1516	114	9	01):45	01):45	NUM
fbem-1516	114	10	.	.	PUNCT