China provides vast market for luxury apparels

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers.

 

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers. The middle#

The middle class accounts for about 38 percent of world’s consumer market of luxury goods, according to a recently released data from Goldman Sachs.

 

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers. The middle#

The report says Chinese buyers spend heavily on luxury goods and pegs their average spending on each purchase at US$ 782.

 

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers. The middle#

The number of middle class buyers of luxury goods in China has increased from one million in 1995 to 37 million today.

 

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers. The middle#

Goldman Sachs predicts the number of Chinese buyers of luxury goods will increase to 256 million in 2025, in terms of a compound annual growth rate of 14.1 percent.

 

The rapidly expanding Chinese middle class provides a vast market for luxury goods manufacturers, including luxury clothing producers. The middle#