Life of luxury
By Michelle Zhang |
July 21, 2010, Wednesday
|
Print Edition
Print Edition
HONG Kong is still a "paradise" of luxury shopping for Chinese consumers, while Shanghai's extensive luxury offerings and convenience have made it an especially attractive place to buy fashion and accessories, according to research by Asian market research firm Albatross Global Solutions with Ruder Finn Asia.
More than 1,100 Chinese luxury goods buyers from 22 cities, including Shanghai, Beijing and Hong Kong, with an average annual income of 250,000 yuan (US$36,873), were interviewed in March and April.
"The economic downturn has a limited impact on the Chinese market," said Christophe Cais, executive director of Albatross Global Solutions.
Luxury watches were at the top of the shopping list.
More than 1,100 Chinese luxury goods buyers from 22 cities, including Shanghai, Beijing and Hong Kong, with an average annual income of 250,000 yuan (US$36,873), were interviewed in March and April.
"The economic downturn has a limited impact on the Chinese market," said Christophe Cais, executive director of Albatross Global Solutions.
Luxury watches were at the top of the shopping list.
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