WWD.com/markets-news/designer-luxury/china-s-luxury-boom-seen-continuing-3484994

designer-luxury

February 14, 2011

Report: China Near Half of Luxury Market by 2020

CLSA Asia-Pacific Markets forecasts the Chinese luxury market will grow at a rate of 25 percent a year for the next five years.

By Ellen Sheng

designer-luxury/news

HONG KONG — Fast-growing China is poised to account for 44 percent of the global luxury market by the year 2020, according to a new report from CLSA Asia-Pacific Markets.

Report: China Near Half of Luxury Market by 2020

CLSA Asia-Pacific Markets forecasts the Chinese luxury market will grow at a rate of 25 percent a year for the next five years.

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