Hangzhou Will Become The Third Luxury Kingdom In Our Country
Hangzhou Will Become The Third Luxury Kingdom In Our Country
Since the financial crisis in global world, the sale of luxury doesn’t reduce but increase in China. According to the newest prediction of global fashion luxury Consultant Company Bain & we can know the scale of the luxury market in China mainland may increase from 8.6billion dollars to 9.6 billion dollars. The luxury consumption scales of America, Japan and Europe drop from 167billion Euros in last year to 153billion Euros in this year.
70% of the luxury brands load Hangzhou city
“Hangzhou has the consumer power of luxury. At present 70% of the luxury brands like LV, Gucci, Armani and Chanel have loaded to Hangzhou city.” a CEO of an enterprise that knew exactly the fashion trend said.
An obvious fact is that China has become a new market for many luxury brands. The reporter found that 2010 Hangzhou international luxury exhibition will hold in Hangzhou; not long ago “Yi International” held a luxury exhibition Charm Wings in Hangzhou in a low-keyed way. Many views have showed that Hangzhou is becoming the third luxury kingdom in China mainland with a scale that is just smaller than Beijing and Shanghai.
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