Chinese luxury to what extent

reelected French

This is a foreign tax refund company's findings, the report shows Chinese tourists in France in 2010 to buy duty free goods (ie luxury) surged 60% of the total, 6.5 billion euros, together more than 60 billion yuan. Than the second consumer of Russian tourists to 2.2 billion euros, nearly 3 times more. Following a well-deserved after 2009, once again became a French

total removal of the huge advantages, the most surprising, but also because China's rich people in a single consumption also showed overwhelming the United States, Japan and other developed countries, the strong momentum established, the average purchase amount (ie, in the same store the same day the amount of consumption) amounted to € 1,300 in 2005 this figure was only 650 euros. € 1300, overwhelmed the Russian per capita 1000 in Europe, the United States, 880 tourists in Europe, 850 Japanese tourists in Europe, and Brazil 650 tourists in Europe, second only to oil states Saudi Arabia, Kuwait, Nigeria, the amount of per capita consumption among the world's single IV.

overtake Japan as the world's second largest consumer of luxury goods

According to Bain Capital and the United Association of Italian luxury goods producers reported that if the purchasing power of Chinese consumers overseas are included, China has surpassed Japan to become the second largest luxury goods after the United States consumer. Compared to 2009, 2010,Prada Handbags Online, sales of luxury goods in Mainland China increased by 30% and 25% growth this year will reach 11.5 billion euros, not including the overseas Chinese consumers to buy parts. Rich people in China, led by stimulation, the global luxury market sales hit a new high.
Regal Hongkong Shanghai Hao

100 million purchase is not ignorance once again taken to be tracked, rhetoric

recently there is a widespread concern a case. A Bao in Shanghai, serving the financial sector, the family went to Hong Kong during May, jewelry, spending two days in total on the shopping up to 100 million yuan. Bao is in no way the media tracking of confidence, rhetoric, Mainland secretive rich than ever before, today's rich have become more open mind on the natural.

foreigners who have said that China is very rich very extravagant

with the Chinese British different levels of capital loss is too staggering. After confirmation, the figure is considered not reliable, but foreigners are willing to throw money on the impression of China's richest, is evident. ... [More]

global pursuit of the Chinese people with the past Bentley, Rolls Royce, spent large sums of money to buy antiques, as well as increasing the threshold Hurun rich list, the estimated worth of millionaires in China has reached 96 million people, and so reports, the Chinese do is so rich. There is no doubt in the global luxury goods market, is now China's richest era.

However, the Chinese people are really so rich it?

that per capita,Coach Messenger Bags, and that the level of the developed world still far from

even so many years of rapid development in China,Coach Handbags, to date, a talk about per capita, the Chinese people of various wealth indicators in the world is still hardly anything. China's per capita GDP has been the world's hundred, while the per capita disposable income also depends upon many names. Pushed up the exchange rate even if calculated per capita purchasing power parity GDP, has also not keep up with the global per capita GDP. Residents have social security, health care, education, welfare is not to mention the relative abroad. However, Chinese per capita income in the United States more than a dozen one-level, great catch on in the luxury goods world number one power trend.

that growth rate, China's economic growth to catch up flatter growth rate of luxury goods

foreign reports as mentioned above, the Chinese luxury goods consumption in the rich fast growth also is hard to imagine: the per capita consumption could double in a few years, even based on the total amount per year the rate of thirty per Overtaking the U.S., which is China's per capita GDP and per capita income growth can not keep up with how the speed. Recently, China's foreign trade surplus decline in the first quarter of this year,Chanel Handbags, there is a rare trade deficit, which is rich people's luxury goods in China are not a small relationship.

appreciation of the renminbi is not a key factor in the increase in luxury consumption

from the RMB exchange rate reform, the RMB against the U.S. dollar appreciation has been more substantial. But the dollar itself, the euro, British pound, Japanese yen and other devaluation of the renminbi relative to the currencies of these countries, the appreciation of luxury goods production rate is not large. RMB 5 years ago, as the euro is about 1 in 10 to 10.5, now in 9-9.5 or so. Relatively limited role of the RMB appreciation.

So, how does the Chinese swept the global luxury goods market?

not how rich people enjoy the rich Chinese name of the first?

from the

rich together with the Chinese luxury goods in the international market to become new favorites, and also includes some other emerging market countries, including with China and the column Russian billionaire has long been the world's famous luxury goods consumption in France, to second only to China. Brazil as a very good development momentum in recent years, the South American country in the luxury goods are also big step forward. Limited to the reasons for India's comprehensive national strength, not the overall size of luxury goods go up, but India's rich in the luxury market has a place. These countries have in common is both are experiencing rapid economic growth, but we found that there are some other similarities between these countries.

A, observed in the famous international governmental organization One of Brazil 3.7 China 3.5, India 3.3 points,Chanel Shoes, while Russia is only 2.1 points. While the more developed Western countries, this figure is generally more than 7 points.

B, Gini coefficient is a commonly used assessment of the international income gap index, more than 0.4 shows that income distribution in the country, worse than the accepted warning line. China's Gini coefficient is widely recognized scholars World Bank estimates of 0.47, Russia 0.42, Brazil reached a staggering 0.54, while the former is relatively safe and close to 0.4 in India in recent years.

C, as a whole are still low-income developing countries, Personal income tax in the regulation of income distribution in the role played by relatively low. In law enforcement,Louis Vuitton Sunglasses, tax evasion is also more severe that the Russian tax reform or even abolish the progressive tax rates are to encourage the rich not to tax evasion.

in the rapid development of the Fully absorb the benefits of national development, they become really wealthy, and the old rich Western countries go hand in hand no less, and even overshadowed a great trend, how can you claim to No wonder these upstart luxury goods makers are so welcome, so-called

get rid of

Therefore, some commentators believe that China is rich hat and no cattle,Gucci Handbags, that luxury is the weakness of human nature, saying it was caused by distorted view of consumption that come with the enjoyment of improper means to be eventually afterwards,Chanel Bag Outlet, can be described as very to no avail. Development environment has created the rich, and that unless the environment changes, or the rich or the rich. As long as the rich to be rich natural concept of consumption. This is not get rid of their

have to really want to achieve so that feedback poor.

Conclusion: The Chinese people are not