Luxury Goods Market in China 2015 Review, Research, Size, Share, Industry Analysis, Trends and Forecast 2019
Luxury Goods Market in China to grow at a CAGR of 9.64% over the period 2014-2019. Luxury goods are non-essential goods that are indicative of higher social and cultural status. Purchasing luxury goods depends on affordability, income and assets. The demand for these goods is proportional to the increase in the disposable income. These goods are often purchased as a status symbol worldwide.
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