China is expected to account for about 20 percent of global luxury sales in 2015, and in less than a decade, more than three-fourths of China’s urban households will approach middle-class status on a purchasing-power-parity basis.
China is expected to account for about 20 percent of global luxury sales in 2015, and in less than a decade, more than three-fourths of China’s urban households will approach middle-class status on a purchasing-power-parity basis.