China's high-end luxury market segment growing rapidly

In China, more and more people into the ranks of wealthy, a symbol of identity and
status of the increased demand for luxury goods. Newly rich are fast to understand
the different industries top brand luxury development trend and related knowledge,
to become an important driving force luxury high-end consumer. From cars, luxury,
jewelry to private aircraft, luxury high-end market segments grow very rapidly.
Blue Book Display: February 2010 to March 2011, the Chinese luxury consumer market
of 107 million, $ 2.76 billion jewelry market, 2.51 billion bags, fashion 1.83
billion, 1.94 billion watches, cosmetics 970 million, 7.8 in other areas million.
With the appreciation of the renminbi, the euro, the Chinese consumer purchasing
power in the international market, to buy luxury goods abroad cheaper than last
year. Asians in the European market to buy luxury goods totaled $ 69 billion last
year, Chinese people consume nearly $ 50 billion. Italian luxury brand in the
global share of 60 percent of sales are sold to the Chinese people.