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The China Observer » China’s Luxury Consumption Exceeds 1/4 of Global Total

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China’s Luxury Consumption Exceeds 1/4 of Global Total

Joel on December 13, 2011 - 9:30 am in Archive, Consumer Intelligence, Data & Facts

This past year’s World Luxury Association (WLA) and China Trade Development & Cooperation Center (CCPIT) report found Chinese luxury consumption from February 2010 to March 2011 reached 10.7 billion USD – equivalent to more than a quarter of the world’s total global luxury consumer spending. The chart below shows which luxury goods Chinese consumers prefer to spend their hard-earned renminbi:

China Luxury Goods

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