View original article

Luxury in China 2015 – key figures.



This article comes from Luxury Activist and is the sole property of its author

Reading Time: 5 minutes

The luxury industry in China is like a roller-coaster. Sometimes we go up, sometimes we go down and sometimes things are upside down. In 2015 the Chinese market represented 20% of the global luxury business. This means $17.2 billion. Wealthy consumers (with an average income superior of $300’000) accounts for a large majority of the luxury consumption. There are 78 million households in China considered as upper-mid-class that counts for 20% of luxury purchases. This number is growing which means that despite the crisis, there is a strong potential for big sales.

China-Luxury-consumer-2015-2020

With the development of Chinese luxury customers, these people get more and more educated and their aim for luxury status symbols generates new opportunities for new segments like Jewelry and...

Continue reading...
Tags:  Luxury, China luxury market, China luxury shopping, Chinese luxury shoppers, Luxury blog, luxury figures, luxury goods, luxury goods in china, luxury purchase, Luxury strategy

Advertising

Most popular

What is Coolblogging

Coolblogging is a project created to showcase the immense quality of the swiss blogosphere.

We aggregate blogs, increase their visibility through a magazine like site creating a pleasant reading experience.

All the content you can read here, belongs to the blog owners.

What we can do for you

If you are a blogger

You can add your blog as long as it is swiss based.

If you are a brand

You wish to advertise here?

Keep in touch

Receive news about our services and projects.

Recent tweets