Growth in China’s Luxury Goods Market to be Fueled by 2nd Tier Cities
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"Luxury product companies drool at the blooming Chinese market. Already the third largest luxury goods market in the world behind Japan and the United States, luxury mavens believe China will continue to grow as China’s emerging middle class tops 250 million by 2010. Goldman Sachs estimates that the global luxury goods market is approximately $50 billion USD with Chinese consumers accounting for 12% of worldwide sales, for a total of $6 billion USD."
"Luxury product companies drool at the blooming Chinese market. Already the third largest luxury goods market in the world behind Japan and the United States, luxury mavens believe China will continue to grow as China’s emerging middle class tops 250 million by 2010. Goldman Sachs estimates that the global luxury goods market is approximately $50 billion USD with Chinese consumers accounting for 12% of worldwide sales, for a total of $6 billion USD."
posted by god_is_good478 at 9:19 AM
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