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www.jewelrywholesale-cn.com China is gonna be the biggest consuming market for luxury goods
by fashionwholesale on Mar 1, 2010
On Dec. 2 nd of 2009, the news release conference of the World Luxury & International Fashion Art and Life Style Saloon, Ouyang Kun, China’s chief representative in WLA said Chinese has spent USD 9.4 billion in total for luxury goods. This data means China has taken up a 27.5% of the market share in luxury goods consuming. For the first time China overtook USA and became the runnerup, just behind Japan. After the tribulation of economic crisis, China market has prooved itself for it’s strong consuming power. Many international luxury brands have put their attention to China market since the Japanese market has been saturate. Now China has shown a go-up trend as the other markets remain sluggish. It is estimated that after 5 years, China market will reach global biggest share as high as 14.6 billions and win the champion place for luxury goods consuming. More and more international luxury enterprices come to China to share the market, China will be the world’s biggest...Read More >>
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www.jewelrywholesale-cn.com China is gonna be the biggest consuming market for luxury goods
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