WebApr 14, 2024 · STORY: Sales at Birkin bag maker Hermes rose 23% in the first quarter, beating market expectations.That as wealthy shoppers in China and Europe spent big … WebFeb 9, 2024 · Bain’s prediction is in line with the rapid growth of China’s middle class, already the largest in the world. One estimate, by the Brookings Institution, says that China’s middle-class expeditures in 2024 totaled a whopping $7.3 trillion in international dollars, compared to $4.7 trillion for the U.S., the world’s number two consumer.

Chinese consumers opening their wallets for luxury goods

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Luxury goods market in China - statistics & facts Statista

WebApr 9, 2024 · Luxury Goods in China (Country Report, 12 Jan 2024) Experiential Luxury in China; Luxury Foodservice in China; Luxury Hotels in China; ... The report notes China’s luxury market reached $123 billion (110 billion euros) in 2024, growing by six percent from the prior year. It also predicts that the country will contribute 41 percent of global ... WebApr 9, 2024 · Luxury China gives readers-particularly professionals in advertising, marketing, and the luxury brands industry-a deep look into the future of the Chinese … WebJan 24, 2024 · Sales of personal luxury goods in mainland China rose by 36% to 471 billion yuan ($73.59 billion) in 2024 from the prior year, according to Bain estimates … central route and peripheral route persuasion