China: New Center of Luxury Industry in the Future

Updated: 2010/4/7 10:06:00

Luxury goods have progressively “came down” in the street during the democratization of luxury industry. Meanwhile, luxury groups opt for the relocation in emerging countries. In this context, depending on its favorable economical and political environment and the increasing purchasing power, China becomes one of the most attractive destinations of relocation and the most important market for luxury goods.

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS