China's 2% account for third of world luxe sales

[jamboreedude]

Is the luxury industry becoming too reliant on China?

A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of the world's luxury consumption-everything from cosmetics and private jets to jewelry, watches and handbags.

The report said that the country's importance to luxury is likely to grow in the next three to five years as China creates more wealthy consumers. ...
http://finance.yahoo.com/news/chinas-2-account-third-world-153700622.html

 

[irvinehomeshopper]

The same 2 percents account for 99.9999% of Irvine's new home sales. Because Qwerty ruined the perfect record. Wait a minute I take that back? He did not ruined the perfect record.

Is the luxury industry becoming too reliant on China?

A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of the world's luxury consumption-everything from cosmetics and private jets to jewelry, watches and handbags.

The report said that the country's importance to luxury is likely to grow in the next three to five years as China creates more wealthy consumers. ...
http://finance.yahoo.com/news/chinas-2-account-third-world-153700622.html