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    Domestic Luxury Consumption Boom Will Drive Domestic Demand For Silk Products

    2011/2/19 11:00:00 83

    Luxury ConsumptionDomestic Demand For Silk Products

    At present, China has surpassed the United States to become the second largest in the world.

    Luxury goods

    Consumption countries, and in the next three years, China is expected to exceed

    Japan

    Become the world's largest consumer of luxury goods.


    According to the relevant statistics, China has become the second largest luxury market in the world after Japan.

    In the context of the financial crisis, sales of luxury goods in China increased by 12% in 2009, while global luxury goods sales fell by 8% over the same period last year.

    At present, the number of middle class in China is about 200 million.


    The average age of luxury goods consumers in China is 15 years lower than the average age of global consumers.

    With the gradual expansion of China's affluent group, luxury goods in China are very promising.


    Silk products, as our quintessence, are also important luxuries.

    With the development of economy, the income of residents has increased.

    Silk products

    Entering thousands of households has become a hot consumer in China.

    The history of severe dependence on exports of Chinese silk may change this year.

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