China’s Wealthiest 2% Buy a Third of All Luxury Products

The top 2 percent of China’s wealthiest elite make up almost an entire third of all luxury item sales in the world. Consumers in China are one of the top markets for luxury items like designer accessories, cosmetics, jewelry and private jets. But it’s only the top 2 percent of China’s wealthiest elite that make up almost an entire third of all luxury item sales in the world. As China’s economy continues to expand, the market for expensive designer products is also reportedly expected to grow over the next three to five years. Designer companies like Gucci and Louis Vuitton have said that their Chinese sales are increasing, and account for around one third of all their sales, which doesn’t include Chinese tourists who buy designer brand items from stores in other countries. But t

It's only fair to share...Tweet about this on TwitterShare on FacebookShare on TumblrShare on Google+Digg thisShare on LinkedInPin on PinterestShare on VKShare on RedditPrint this pageEmail this to someone
Flattr the authorShare on StumbleUponShare on YummlyBuffer this page

Leave a Reply

Your email address will not be published. Required fields are marked *