consumption of luxury goods

June 9, 2011, the World Luxury Association and the China Trade Promotion Center CCPIT jointly issued the "official report of the Titleist 909 D3 Driver World Luxury Association 2011 Blue Book" that in February 2010 to end of March 2011, China's total consumption of luxury goods market reached $ 10.7 billion (not including private jets, yachts and luxury cars), more than a quarter of the global total, nearly 2 / 3 of the luxury brands to enter China.
At the same time, China is the largest in the country outside the consumption of luxury goods. In Europe alone last year, total spending nearly $ 50 billion. 2012 February to March, with the Chinese traditional Spring Festival shopping climax coming, China will replace Japan as the world's largest consumer of luxury goods.