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Euromonitor Looks at China's Luxury Market
Posted: April 5, 2013
Benefitting from a fast-growing middle class and a fast-developing distribution network, sales of luxury goods in China have consistently outperformed the global market. Sales of luxury goods in China tripled in value in the five years to 2012 and by 2017 the country’s luxury market is set to double in value again. By 2017 it is set to overtake France, the U.K., Italy and Japan, making China the second biggest luxury market in the world after the U.S.