Cities With Large Population Become New Engines Of Luxury Consumption.

In 2014, China once again established the status of the world's largest number of luxury goods consumers. According to the latest estimates of the Italy Luxury Association (Altagamma), despite the slowdown in China's economy this year, its contribution to global luxury goods sales still stands at 29%, including consumption at home and abroad.

Not only China, but also those cities with large population base have the potential to become new engines of luxury consumption: Manila, Singapore, Jakarta, Seoul and Bangkok, etc. the Credit Suisse analyst in Switzerland gives the following data:

Bangkok and Manila The annual sales growth of luxury goods has reached 20%-30% as one of the shopping destinations for Chinese tourists. Bangkok is likely to become the next Hongkong.

Since 2007, Indonesia The consumption of luxury goods has increased by more than 2 times, and now is as high as 1 billion 200 million US dollars. Because people often call Indonesia and neighboring Singapore "Singonesia", considering the strong purchasing power of Singapore, the total consumption of luxury goods in 2018 is expected to reach US $8 billion.

As traditional Luxury goods In the big country of consumption, luxury sales in the United States are expected to grow in double figures. This is mainly due to the stable economic development in the country. The vast majority of the rich and overseas tourists, such as Brazil tourists, have a huge demand for shopping (Brazil's domestic luxury goods tax burden is much higher than that of China).

It is worth mentioning that the United States has a total of 442 more than one billion U.S. dollars or more of the millionaire, four times the mainland China.

Related links:

Central Leather Research Institute (CSIR-CLRI) of India has applied for a patent for its leather making technology, which has made significant breakthroughs in water saving.

The study aimed at reducing waste of water resources and saving tanning steps, saving time and money.

Subhendu Chakrabarti, senior principal scientist at the Institute, said that after the traditional leather making process, the deskinned bare skin needs to undergo softening (bating), acid pickling (pickling) and alkaline neutralization before chrome tanning. All these processes need to add a large amount of chemical agents, each process needs to use a lot of water, and produce a lot of waste water containing harmful chemicals in the process.

He said tannery effluent is the main source of water pollution in many areas. The new anhydrous chrome tanning technology can not only save time, but also produce economic benefits and reduce pollution.

He explained that with the new technology, tanning agent can be added directly to the defired bare skin without tanning water or other media. The new tanning process reduces many production links and is therefore very economical.

Chakrabarti said that the new technology could also reduce about 50% of chrome tanning agents. At the same time, because the water in the leather making process does not use water, it will not produce waste water, so it is very good for the environment.