China’s Luxury Market Expanding Rapidly

In: Adam Roseman

1 Feb 2012

In a newsletter for ARC China, Adam Roseman explained that Chinese consumers are becoming more attracted to luxury products, or, ‘the finer things’.

Roseman quotes Liang Haoji, one such consumer, who said “I’ve been fond of high-quality coats since I was very young. A good quality jacket priced at no more than 20,000 yuan is acceptable to me. I work hard, so I should treat myself better,” he added.

Though global growth may have flatlined, China has become one of the primary players in the world’s luxury market.

“Following China’s entry into the WTO, global luxury brands are jostling to expand in a country that opens wider,” explained Michael Ouyang of the World Luxury Association.

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Stay up to date on the economic news from China. Gain insight from leading investors in the Chinese market, like Adam Roseman of ARC Investment Partners. Follow the economic trends and changes occurring in the global marketplace, as they relate to changes taking place in China.