China’s luxury goods market jumps by 20%

According to a recent report by Bain & Co., the Chinese luxury goods market increased by 20 percent to 142 billion Chinese Yuan Renminbi (€18.2bn-$22.2bn) in 2017, after slowing down in recent years, and is expected to grow further in 2018. The 2017 growth rate was the highest since 2011. ...

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