bandi panda fashion 468x662 Chinese consume 27.5% of world’s luxury goods

China has replaced the US to become the world’s second largest luxury goods consumer, only second to Japan, according to a report by World Luxury Association.

The report also said Chinese people consume about 27.5 percent of the world’s luxury products.

Luxury goods consumers in China are mainly aged between 20 and 40 with a good education.
continued Chinese consume 27.5% of world’s luxury goods