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...