You've successfully copied this link.
Chinese shoppers power global luxury sales
Chinese consumers are responsible for 25% of global luxury purchases.
Chinese shoppers are growing an increasing demand for luxury items. In a report released by Bain & Company, the markets for luxury clothing, cosmetics, accessories, and jewelry grew by 10% in this past year from €192 billion to €212 billion (US$274 billion). This growth marks the third straight year of double-digit growth following the 2008 recession.
The reports estimates that in the last quarter of 2012 alone, Chinese spending will increase by an additional 7% due to higher demand for items for the upcoming Christmas holiday.
Read more from this story on The Associated Press.
Loved this article? Sign up for free to get Juwai China Market updates!
Resources
Contact Us
- Shanghai: +86 21 6015 9000
- Hong Kong: +852 5804 4670
follow
Juwai
WeChat!
Juwai.com
Our Chinese consumer site, Juwai.com, is the largest Chinese international property portal and the market leader in China. + See Juwai.com site
Juwai China News
Subscribe to receive the latest news on Chinese buyers, the China market, and Juwai.com.
2020 © Juwai. All Rights Reserved. Privacy Policy | Terms of Service
