login
login

Europe Daily Bulletin No. 10740

29 November 2012
Contents Publication in full By article 33 / 33
BUSINESS NEWS NO 42 / (ae) china

China accounts for 23% of spending on luxury goods in 2015. The number of wealthy people in China will double by 2020 and will account for 75% of growth in the luxury goods market in the country, according to the most recent statistics provided by the Boston Consulting Group. Between 2010 and 2020, this wealthy class of people (located between the middle-class and very rich households) will increase from 6% to 21% of the country's total population of around 1.34 billion people. China is...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
EDUCATION - CULTURE
INSTITUTIONAL
BUSINESS NEWS NO 42