Clothing Ranked The Top Four Luxury Goods In China
China's luxury goods market will reach US $14 billion 600 million (17 billion 900 million yuan) next year.
Luxury goods
The pinnacle of consumption.
In addition, China's luxury consumers are younger, showing their psychological characteristics.
The World Luxury Association released the world luxury report blue book, which revealed that by the end of March this year, the total consumption of China's luxury goods market had reached 10 billion 700 million dollars (excluding private aircraft, yachts and luxury cars).
Global share
1/4.
China has become the second largest consumer of luxury goods in the world.
China is expected to overtake Japan in 2012 to become the world's largest consumer of luxury goods.
The blue book also said that jewelry market, luggage market, fashion, clocks and cosmetics accounted for the top four of China's luxury consumption.
With the present
RMB appreciation
The trend is that the purchasing power of Chinese consumers in the international luxury market is increasing.
The report pointed out that Asian luxury goods consumption in the European market last year totaled 69 billion US dollars, and the Chinese consumed nearly 50 billion dollars, which is four times that of China's domestic market.
Chinese luxury goods consumption abroad has become the number one in the world.
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