Just because the packaging is made in China doesn't mean the bags, accessories, shoes, ready to wear, etc are made in China.
I'm almost positive that all designer brands have packaging that is made in China/a similar country in terms of manufacturing. What's the point in having a paper bag and box that's made in Italy? They're selling you the products that go INSIDE the packaging, and as long as those are made in Europe, I personally don't have a problem. If they made the paper bag and boxes in Europe, that means more unnecessary overhead costs for LV which results in higher prices for their products. I'd rather pay less for a product that has packaging made in China, then pay more for a product just so that its PACKAGING is made in Europe.
The whole "MADE IN ________" does spark quite an interesting debate, because I have heard that some companies have 70% of a product assembled in China, and the last 30% assembled in Europe just so they can say made in France/Italy/Spain. The regulations about that sort of thing are quite lax/non-existent. The book How Luxury Lost Its Luster discusses this in detail.
I couldn't agree more. I think LV's packaging has been made in China/Hungary for a while now. Honestly, that doesn't bother me. As long as the products themselves aren't.