Some Figures About the Luxury Market in China

Today, Chinese people buy twice as many luxury products as we French people do. All the forecasts say that China will be the first market for luxury products by 2015! For the moment, China occupies the 3rd rank with a market representing $ 2 billions. Growth estimations are very important: 20% until 2008 and 15% until 2015! 5 to 10 millions Chinese people with an annual income over USD 30,000 can purchase luxury...