China's luxury market

China's demand for luxury goods still growing

Luxury goods makers such as Hermes and Bulgari report continued strong demand in China, despite grim economic conditions elsewhere.

<div style="text-align: left;"> Chinese consumers are still buying luxury brands such as Prada (AFP) </div>

Ivan Zhang

September 22, 2011

China’s taste for luxury goods seems to be unaffected by the pessimistic global sentiment affecting overall economic growth. Hermes sales increased by 22% globally during the second quarter, compared to 50% growth in China, while Bulgari sales in Greater China jumped by 67% in the first half.

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