News

Luxury goods market is in its infancy in China

14/10/2009

China has a rapidly growing number of wealthy people, a report in the Financial Times (FT) has confirmed.The newspaper quoted The Hurun Report, a luxury-business research group that publishes a rich-list for China, as saying there are now 825,000 people in the country who have personal wealth of more than 10 million Rmb (around EUR 1 million). The ...

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