Luxury shopping in Shanghai | ЭКД – Новости Китая каждый день

Luxury shopping in Shanghai

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August 13, 2012 – Shanghai, China: Shoppers exit the Louis Vuitton flagship store at Plaza 66 luxury shopping mall on West Nanjing Road. According to a 2010 Bain & Company study, luxury goods purchases in China and by Chinese consumers reached a total of 212 billion RMB in 2010 ($34.59 million USD). Luxury purchases grew by 27 percent in Mainland China in 2010 and by 45 percent in Hong Kong and Macau. Chinese luxury purchases abroad grew by 38 percent. China is expected to account for 20% of the global luxury market by 2015. (Dave Tacon/Polaris)