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 no other nationality has before.2 Borderless travel & Chinese … Read More Chinese spent $106B on global luxury products in 2014