男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Industries

China enters new luxury market era

By Karl Wilson in Sydney (China Daily) Updated: 2014-05-12 08:12

If you want to get some idea just how important China has become as a luxury consumer market you don't have to go further than the recent Beijing auto show.

What started out as a low-key event in 1990 has grown into the biggest and most important stage for the world's auto makers, especially those at the luxury end where models are tailored to China's affluent.

Wander the streets of Beijing and Shanghai and you are sure to see BMWs, Mercedes-Benzes, Porsches, and Ferraris - just about any top-end auto brand that comes to mind.

China enters new luxury market era
A man outside a Prada luxury store in Chengdu, Sichuan province. The explosive growth of China's emerging middle class has brought sweeping economic change. AFP

By 2020, China is expected to be the world's biggest luxury auto market, according to Dan Ammann, president of United States auto giant General Motors, who shares this view with many of his competitors in North America and Europe.

The explosive growth of China's emerging middle class has brought with it sweeping economic change and social transformation and will continue to do so, says global consulting firm McKinsey & Co. By 2022, more than 75 percent of China's urban consumers will be earning 60,000 yuan ($9,600) a year.

McKinsey says that in terms of purchasing power, that is between the average income of Brazil and Italy.

In 2000, just 4 percent of urban Chinese households were within that range.

Analysts say the middle class and upper middle class will be the principal engines of consumer spending in the decade ahead.

More than a third of the money spent around the world on high-end bags, shoes, watches, jewelry and ready-to-wear clothing now comes from Chinese consumers either domestically or abroad when they travel.

Within the next year, Chinese tourists could be spending as much as $194 billion annually in Europe, the US, Asia and other vacation spots, according to Morgan Stanley in a research note on luxury companies.

Chinese travelers are already the world's biggest spenders, according to the United Nations World Tourism Organization.

The UN group says that by next year the number of Chinese travelling abroad will exceed 100 million, although some analysts say that may happen this year.

Earlier this year, The Economist said: "How much China spends is striking. Even more so is the way it spends".

China enters new luxury market era China enters new luxury market era
Luxury cars make Asia premiere at Auto China

Top 10 brands that win rich women's hearts

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 涞源县| 昭通市| 新丰县| 类乌齐县| 万年县| 黑河市| 乐业县| 巴马| 常宁市| 江孜县| 竹北市| 乐平市| 巩义市| 乳山市| 紫阳县| 遵化市| 通山县| 望城县| 鄄城县| 茌平县| 虞城县| 通河县| 尤溪县| 澎湖县| 潮州市| 时尚| 辽宁省| 通榆县| 铜鼓县| 陆川县| 原阳县| 辛集市| 新河县| 门源| 达日县| 紫金县| 烟台市| 长子县| 乐东| 清丰县| 渭源县|