www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 欧美黑人xxxxxxxxxx | 亚洲精品欧美精品国产精品 | 自偷自偷自亚洲永久 | 久草在线视频网站 | 美女视频黄色网址 | 精品国产三级v | 欧美大陆日韩 | 日韩亚洲一区中文字幕在线 | 国内免费自拍视频 | 国产三级a三级三级 | 国产成人a大片大片在线播放 | 在线观看亚洲专区 | 97在线观看成人免费视频 | 成人久久18免费网站入口 | 国产手机视频 | 久久777国产线看是看精品 | 一级欧美一级日韩 | japanese色系tube护士 | 久草视频网站 | 午夜美女久久久久爽久久 | 精品一区二区在线欧美日韩 | 久久国产毛片 | 亚洲日本aⅴ片在线观看香蕉 | 久草黄视频 | 日韩欧美一区二区中文字幕 | 国产亚洲欧美日韩综合综合二区 | 美女视频永久黄网站免费观看韩国 | 毛片国产 | 国产伦精一区二区三区视频 | 成人性版蝴蝶影院污 | 欧美在线视频免费 | 亚洲精品综合欧美一区二区三区 | 亚洲精品专区一区二区三区 | 一级特黄一欧美俄罗斯毛片 | 日本理论在线播放 | 精品久久久久久久久久香蕉 | 国产99久久精品 | 国产精品第五页 | 欧美日韩国产va另类 | 禁止18周岁进入免费网站观看 | 欧美性三级 |