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

Posted on December 13, 2011 by Joel

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

  1. Pingback: Chinese Consumers Discover Luxury Brands Through Magazines | The China Observer

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