News

Young Chinese spend up to 40% of income on luxury goods

29/08/2012

Chinese shoppers in London during the Olympics spent 10% more than those from the United Arab Emirates, and spend up to 40% of their income on luxury goods, according to local press. The main group of Chinese luxury consumers are aged between 25 and 35, considerably younger than their US or European counterparts, reports The China Daily, citing a ...

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