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.
Warning：The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.
Keywords: luxury goods consumption China surpasses Japan consumption Chinese consumption of luxury goods
All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate.
Please login to add a comment. Click here to login immediately.
Sign up with
Google
