China Luxury Apparel and Accessories Market Report, 2012-2015: Consumer Goods Market Research Reports

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China Luxury Apparel and Accessories Market Report, 2012-2015 Jul 12th 2013, 00:00 In 2012, the global luxury market valued EUR212 billion, representing a year-on-year increase of 10%. Chinese consumers became the world's largest consumer group of luxury goods and they spent RMB306 billion in the world, most of which was done in Hong Kong, Macao and other countries / regions, while only 39.28% in Mainland China.In 2012, as China's economic growth slowed down as well as the government cut expenses on dining, cars, wine and other aspects, the Chinese mainland luxury consumption cooled down substantially, and the growth rate of the total consumption of luxury goods dropped from 30% in 2011 to 7.2% in 2012.However, Chinese luxury consumers have changed their at...

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