China'S Luxury Consumption Exceeds That Of The United States As The World'S Largest Consumer Of Luxury Goods.

Louis Vuitton

Deng Zhongyuan said that China is already the world's largest consumer of luxury goods, and China's luxury goods.

The volume is growing at an annual rate of over 20%.

According to the data released by the Ministry of Commerce, the scale of the high-end consumer goods market will expand faster in the scale of China's expanding consumer goods market.

Last year, cosmetics increased by 18.7%, clothing and shoes and hat textiles increased by 24.2%, building and decoration grew by 30.1%, furniture grew by 32.8%, and jewellery and jewellery grew by 42.1%.

This reflects China from one aspect.

Market growth is faster than the growth of general consumer goods.

Gucci

In addition, 19 cities per capita GDP exceeded 10 thousand dollars last year.

Among them, the total retail sales of consumer goods in Beijing, Shanghai and Guangzhou in 2011 were 69 million yuan, 67 million 770 thousand yuan and 52 million 430 thousand yuan respectively. The three cities accounted for only 3.8% of the total population of the country, but the consumption capacity of the three cities accounted for 11% of the whole country.

Prada

China has surpassed the United States to become the largest in the world.

Consuming countries and mainly importing or buying luxury goods abroad.

It is predicted that in 2012, China's outbound tourism consumption is expected to reach a new high of $80 billion, while the purchase of luxury goods, apart from air tickets and accommodation, has become the most important consumption expenditure for outbound tourism of Chinese tourists.

Chanel

Deng Zhongyuan said that although almost all the luxuries in the world are produced in China, China itself does not have world-class brands.

It can be said that China has a world-class high-end consumer goods manufacturing industry, but there is no world-class high-end consumer goods industry.

It is reported that in the import trade of more than trillion dollars last year, most of the imported products were mainly used for domestic production or re export, and the proportion of consumer goods was still small.

It is foreseeable that in the coming period, there will be a huge increase in the size of Chinese consumers' luxury purchases abroad.