Classy China
A surprising expectation for China by the year 2015 as they hold the most promising emergence in the market of luxury goods. With their annual double-digit growth in sales they can even surpass the US luxury goods consumption. Japan holds the title of World’s Largest Purchaser of Luxury Goods, and China got the third spot but having a 12% of global sales it is undoubtedly foreseen that can get along with Japan’s spot. Attributable to this economic feat of China are the Chinese yuppies who take part a significant role in market demands… they are buying everything, from imported/hot cars, expensive watches, luxurious accessories to recognized luxury brand of clothing and skin care products. Imagine! 22% of Chinese consumers own a Rolex watch with an average price of $2,253.00 per watch. (Whew! it’s almost a hundred thousand in Philippine peso!)
The face of Asian concept is pride and dignity, and one factor to boost your status symbol is to show off – being wealthy and powerful, that’s the reason why Chinese consumers are investing so much in luxury goods… wanting to buy classy brands to define their identities. And with the sudden economic freedom of China, rich capitalists are so eager to make a mark on the social standing.
Anyway, I don’t know if the following places in US such as Arizona homes, Brooklyn, and phoenix are in support of luxury goods, but for their real estate relocation kindly click on the link below:
http://www.nationalrelocation.com/real-estate/
