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China’s love of contemporary culture and expensive brand labels has seen a nation of Chinese tourists heading overseas toward London, New York and Paris for global fashion hotspots. Luxury brands such as Chanel, Rolex and Lacoste have captured the hearts of China’s post-80s generation who see western culture as a beautiful and glamorous lifestyle. At present, China is the second largest consumer of luxury goods consuming 27.5% of luxury products in the world.Designer Handbags
Luxury brands have come to value China for its supply of youthful high-end consumers, where currently 75% of luxury purchases are from people under the age of 40. This is in stark contrast to the dominant senior adult consumer demographic in developed countries. Designer bags
THE FIRST CHOICE 021 Luxury brand makers scent more profits International luxury brands often develop a new market through cooperation with local business partners who are more familiar with the scene in order to make good headway. But these brands are buying back direct control of their operations from China's local business partners, implying that international luxury brands don't want to share their high profit with others since the luxury market in China is developing at a staggering rate. http://www.luxurybagstock.com
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