China, A Promising Luxury Market

-BY NAVEEN KUMAR (19020) HIMAVAN. V (19049) DIVYANTH. K (19050) BHAVANA. M (19012) WHY mainland china? CHINA, A PROMISING LUXURY MARKET In a terra firma with an estimated population of 1.3 billion, in that location are 875,000 multimillionaires and 55,000 billionaires.

Multimillionaires on clean declare three cars and 4.4 opulence watches. Billionaires on aver years protest cardinal cars and five luxuriousness watches. mainland China in 2009 surpassed the fall in States in luxury intake by make up 27.5% of the orbiculate luxury market. It is pass judgment to take over from japan in the top have a go at it as early as 2015. The acres is the youngest luxury market. 80% of consumers are less than 45 days old. The average age of the richest men: 60 in Europe, 47 in China (Wealth Report, 2006). Average of the wealthy changed to 39 in 2010. Collection is mavin of the most important investments of Chinese multimillionaires Their collections admit: Watches/jewellery: 44% Ancient calligraphy and paintings 15% booze: 13% Cars: 12% Contemporary art 7% THE PYRAMID white plague the gain to describe the case, the Swiss role at the apex, the Japanese vivacious in the reign, mainland China, Hong Kong, India and Russia constitute a solid tower base. This image should remain unchanged in the coming years. China dominates BRIC carry for watch brands Global online subscribe for watch brands increase by +24.5% year-on-year in 2009, with China making up 59% of implore from the...If you want to get a full essay, rig it on our website: Ordercustompaper.com

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