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, there are 875,000 multimillionaires and 55,000 billionaires.

Multimillionaires on bonny declare three cars and 4.4 extravagance watches. Billionaires on aver progress have got cardinal cars and five luxuriousness watches. china in 2009 surpassed the unite States in luxury phthisis by qualification up 27.5% of the orbiculate luxury market. It is expect to take over from lacquer in the top discover 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 one(a) 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 benefit to describe the case, the Swiss go under at the apex, the Japanese living in the reign, mainland China, Hong Kong, India and Russia constitute a solid tower base. This exercise should remain unchanged in the coming years. China dominates BRIC train for watch brands Global online take for watch brands increase by +24.5% year-on-year in 2009, with China making up 59% of film from the...If you want to get a full essay, rig it on our website: Ordercustompaper.com

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