Tag: chinese middle-class
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Chinese spent $106B on global luxury products in 2014
Chinese bought 46% of the world’s luxury products in 2014 – 76% of which was purchased overseas, a recent Chinese luxury report reveals.1 In dollar amounts, that was US$106 billion spent by Chinese luxury consumers.1 Simply put, the global luxury industry is becoming more Chinese. After all, Chinese luxury consumption is influencing this industry like…
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