Why China becomes the biggest luxury goods market so quickly? The reason is the average age of luxury goods consumers in China is relatively low, between 25 and 40,Gucci backpack while in the West the middle-aged and elderly are the main consumers of luxuries. Are these young people all among the ¡°second-generation rich?¡± It seems not. A fairly large proportion of them in fact belong to low-income groups. They scrimp and save for months to buy bags priced at thousands or even tens of t...
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