China's luxury market

Luxury is recession-proof, says CLSA

Even a slowdown in economic growth will not dent China's appetite for luxury goods, according to CLSA's Aaron Fischer.
<div style="text-align: left;"> Prada was among the first high-profile foreign companies to list in Hong Kong (AFP) </div>
<div style="text-align: left;"> Prada was among the first high-profile foreign companies to list in Hong Kong (AFP) </div>
February 13, 2012

CLSA Asia Pacific Markets expects that the global luxury goods market will grow by 8% during 2012, largely driven by robust demand in Greater China, which is expected to grow by 25% during the year.

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