Goldman Sachs says that in ten years, China will top
the world market in luxury goods consumption. China Securities Journal reports that according to a forecast by
the global securities firm, by 2015 China
will account for a 29% percent share of luxury goods purchases, topping current
According to statistics from last year, Japan
led the world in luxury consumption. Three years ago China's share was just 1%, while in
2004 that proportion had risen to 12%. Even not accounting for private jets and
yachts, Chinese consumers purchased
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