China to Overtake Japan and Top in the World in Luxury Goods Consumption

China to Overtake Japan and Top in the World in Luxury Goods Consumption
Jun 22, 2011 By eChinacities.com

The World Luxury Association has recently stated that China would surpass Japan and become world’s top consumer of luxury goods in 2012. On June 11th,the Berliner Tageszeitung quoted a recent report of the World Luxury Association, that the total consumption in the Chinese mainland luxury market reached $10.7 billion USD and accounted for 25 percent of global sales. It is predicted that China will replace Japan as the world's top consumer of luxury goods by 2012.

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Keywords: luxury goods consumption China surpasses Japan consumption Chinese consumption of luxury goods

4 Comments

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1

shaila
comment|17384|0

But have you ever seen there are how many pepole still in poverty.

Jun 25, 2011 17:47 Report Abuse

2

Dan
comment|17324|0

Well. Go on chinese people., spend more money on luxury products, that MIGHT help the USA economy to recover......

Jun 23, 2011 23:19 Report Abuse

3

freakboy
comment|17306|0

The problem is only 3-5% of the people are buying them.

Jun 23, 2011 16:16 Report Abuse

4

FARRUKH HUSSAIN
comment|17283|0

PLS SUBCRIBE ME

Jun 23, 2011 00:54 Report Abuse