The Chinese Have Bought 1/4 Of The World's Luxury Goods.

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P, the world's leading management consulting firm, has released the Chinese a href= "//www.sjfzxm.com/news/index_c.asp" luxury market < /a > fifth years ago. It points out that the annual growth rate of luxury goods in mainland China dropped to about 7% in 2012. However, the Chinese have become the largest luxury consumer group in the world and have purchased about 25% of the world's luxury goods. < /p >
< p > the report said that since the fourth quarter of 2011, the growth rate of the luxury market in mainland China began to slow down. This trend continued in 2012 and has increased since October. The 2012 annual growth rate is expected to slow from around 30% in 2011 to around 7%. Watches and jewellery categories were most severely affected; the growth rate of luggage, men's wear and footwear also slowed down; cosmetics and < a href= "//www.sjfzxm.com/news/index_f.asp" > women's wear < /a > were less affected. < /p >
< p > although Chinese luxury consumption growth slowed down in mainland China, in 2012, the Chinese realized an increase of 31% in overseas a href= "//www.sjfzxm.com/news/index_s.asp" > luxuries consumption < /a >. According to the report, under the combined effect of two factors, the continued low euro and the warming of overseas tourism, Chinese consumers spend 60% of their total overseas consumption. The Chinese have become the largest consumers of luxury goods in the world. They have purchased about 25% of the world's luxury goods. At the same time, the growth rate of Chinese consumption in Hongkong has slowed to around 10%, while Macao's growth remains strong. < /p >
Less than P, in terms of geography, Greater China has replaced Japan as the second largest luxury market, second only to the United States. < /p >