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China Fashion Industry: Supermodels and luxury market on the rise - CGTN In 2012, the New York Times named her "China's first bona fide supermodel" Besides having a flourishing fashion industry, China is the world's second largest luxury market It's estimated that last year, luxury sales volume in China reached 76 billion dollars
China’s luxury industry - Daxue Consulting Six major trends can be observed in China’s luxury industry that can help us have a glimpse of where the market is going These following trends are the key to reaching the Chinese luxury consumers of tomorrow
China: Why the Online Luxury Market is Increasing 2025 Many businesses, both local in China and international, are now taking advantage of this huge opportunity to reach the Chinese people by selling online One market that is going big in the e-commerce world is the Chinese luxury market
What’s in Store for China’s Fashion Industry in 2024 There’s no doubt that China is redefining the fashion industry on its own terms – and setting its own new standards McKinsey China Chairman Joe Ngai has recently reiterated his confidence in the market saying: “The next China is only China” – we’re excited about 2024 as well
Appetite in China grows for luxury fashion brands | CGTN America China’s millennials are the key driver of the country’s expanding fashion market Industry researcher Bain Company said 32 percent of the world’s luxury purchases were made by Chinese consumers last year, while young consumers being most purchasers of cosmetics, jewelry and clothing
The State of luxury goods in 2025 | McKinsey Over the past five years, the luxury industry experienced a period of exceptional value creation Between 2019 and 2023, unprecedented demand for personal luxury goods—fashion, leather goods, watches, and jewelry among them—combined with a deep well of supply allowed the sector to achieve a 5 percent compound annual growth rate Luxury brands outperformed global markets and achieved new
Chinas evolving relationship with fashion - CGTN Luxury brands from Kering's Gucci, LVMH's Fendi to UK's Burberry and French handbag maker Hermes are all showing their resilient appetite for Chinese clients, despite the prolonged China-U S trade tensions casting a shadow on trade