This week, I got so much information from the book called Chinese Fashion From Mao to Now.
Tom Ford Said: "We are finished here in the West - our moment has come and gone. This is all about China and India and Russia. It is the beginning of the reawakening of cultures that have historically worshipped luxury and haven't had it for so long."
Here are some number to explain the Luxury market in China :
"China has become one of the fastest-growing markets in the world for luxury labels, and by 2008 nearly every global label had a presence in China. With sales exceeding $6 million, China was the third largest luxury goods consumer in the world in 2004, accounting for 12 percent of the world's total. China is projected to consume roughly 29 percent of the world's luxury goods in 2015, supplanting Japan as the largest luxury brands consumer."
Luxury did so much influence to Chinese consumers as well as the Chinese fashion markets.
I'll keep going on and found more useful information from this book.
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