China is the largest country in the world consumption of luxury goods

June 9, 2011, the World Luxury Association and the China Trade Promotion Center
CCPIT jointly issued the "official report of the World Luxury Association 2011 Blue
Book" that in February 2010 to end of March 2011, China's total consumption of
luxury goods market reached $ 10.7 Callaway FT-IZ Driver billion (not including private jets, yachts and
luxury cars), more than a quarter of the global total, nearly 2 / 3 of the luxury
brands to enter China.
At the same time, China is the largest in the country outside the consumption of
luxury goods. In Europe alone last year, total spending nearly $ 50 billion. 2012
February to March, with the Chinese traditional Spring Festival shopping climax
coming, China will replace Japan as the world's largest consumer of luxury goods.