Chinese to Buy One-quarter of World's Luxury Products in 2012, Report Says
(Beijing) – The Chinese have become the world's biggest buyers of luxury products and will buy 25 percent of the total sold in 2012, a report by a business consulting firm predicts.
Purchases of luxury goods in mainland China rose 7 percent year on year this year, but purchases by Chinese people travelling overseas rose 31 percent, Bain & Company reported.
- Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
- Priced Out
- Party Carries out Leadership Reshuffle at State-Owned Shipbuilders
- Hong Kong's ATV Could Go Off Air in March, Largest Shareholder Says
- Yuan and Gold: Old Enemies Should Finally Become Friends
- Shrewd Smiles as Online Bankers Test New Tech
- Clearing the Air
- Pollution Documentary Helps Raise Public Awareness, Experts Say
- State-Owned Firm Announces Deal for Italian Tire Maker Pirelli
- Car-Hire Services Compete for the Ride Stuff
- Sign up to receive our free daily newsletter
- Kissinger: China, U.S. Must 'Lead in Cooperation'
- Saudi Aramco's Supply to China Potentially Doubling
- Will Slow and Steady Win China's Economy Race?
- New Agenda for China's Feared Family Planners
- Who Is Prince Qing?
- Sinophobia: Anxiety, Violence, and the Making of Mongolian Identity
- Graphics: AIIB's Aims
- China Said to Agree to Build Two Train Lines in Thailand
- Ex-Police Chief Held for Murder Said to Be Linked to Graft Case
- Amid Worsening Pollution, Gov't Moves toward Law on Ecotaxes