luxury goods in China

As of the end of March 2011, the global consumption of luxury goods market share reached 18.7 billion euros, a total increase of 12%. Percentage share of national consumption of luxury goods, Japan is 34%, 25% of China's second, pressed in Japan. 2012 is expected to grow 10% to 15% of 2,100 million euros.
According to the law of the luxury market Ping Rapture V2 Drivers growth performance, the United States, Europe, Japan, 1-3 years, the main market in the future will not have much room for growth. Therefore, the growing number of global luxury goods company, is starting to seize the Chinese market.
The 2011 is a major push into the global luxury goods industry and the expansion of China's important year. At present, China has the world's nearly 2 / 3 of the luxury brands, expected in 2013, the world's luxury brand representative, can be found in the Chinese market.