November 23 end of the personal belongings of the Beijing International Exhibition become the world’s top luxury goods giant wrestling games, Hennessy, Armani, Bucherer-tier brands have the stage, want to sweep away the shadow of the global financial crisis. This reporter has learned, over the past 11 months, the traditional luxury consumer spending in Japan and North America plunged 35 percent, while China’s market has maintained its strong growth of 22%.
The world’s luxury report [luxury.icxo.com] The exhibit more than 60 international brands, 40% for the first time in China, one third of the exhibits is the first appearance in China, and even in Asia. Luxury sea view from the 20 million yuan to offer several hundred thousand dollars of the African hunting luxury travel, from 15.8 million yuan specter of sports in Sweden to 33 million B & O LCD television, luxurious exhibits cover the basic necessities, leisure and entertainment needs.
German kitchen brand Fissler The only item of interest is mounted display 13 karats of diamonds, diamonds, gold handle pot, price 3.8 million yuan; Swiss watch upstart RJ Zeyi Titanic “gene” as a gimmick, the Chinese are starting to watch 10 to the Titanic rusting shell with modern steel, gold and silver production of hybrid gold dial, priced from 200000-2570000 yuan.
This reporter learned that, in the past show a pure luxury consumer goods more popular, but this year the investment value of the exhibits both popular collection even more vigorously. Hennessy XO on the show introduced the world’s new Collector’s Edition cognac, bottle Shangzhui to 82 man-made Swarovski crystal, hoping to increase the appreciation of the design collection of the value of charm.
One exhibitor, said the recent global economic crisis triggered a wealth of class of financial products and real estate investment banking concern, value-added potential, assets, low-loss, jewelry, luxury watches, an ideal investment choice.
The Ministry of Commerce predicts that by 2014, China will become the world’s largest luxury goods market, accounting for about 23% of the global total.
Statistics show that China’s current annual sales of the luxury market accounted for 18% of global market share, is the world’s third-largest consumer of luxury goods after the United States and Japan. Some analysts have predicted that China may be around in 2011 to become the world’s largest consumer of luxury goods.
However, the potential impact of the economic crisis is hard to predict, per capita income far lower than developed countries, China, among the world’s major powers may not be the luxury aura captivates her audiences Laurel, consumption is becoming a distorted view of sociologists concern. Exhibition organizers vPro Sheng Lei, general manager of Asia-Pacific region an interview with reporters, said that ordinary Chinese could tighten their belts for several months salary earners to buy luxury goods, so growth is unlimited potential. This is also the president of the recent global luxury giants frequently patronize Chinese reasons.
China’s strong growth in luxury consumption
February 9th, 2010 by mysite
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