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China set to be engine of global luxury spending: McKinsey report
China is set to be the engine of global luxury spending, with young consumers powering the strong growth, according to a report released Friday by global consultancy McKinsey & Company.
Luxury market in China remains robust in 2018, Bain & Company
The luxury market in China reached new highs in 2018, with 20 percent growth for the second straight year, following its record-breaking 2017, according to Bain & Company's annual China luxury study report on Tuesday.
More Chinese luxury spending set to stay at home: report
Half of Chinese luxury spending will take place in China rather than traditional overseas locations by 2025, China Daily reported Wednesday, citing a report by global consultancy Bain & Co.
China continues to see slowdown in luxury goods spending: report
Sales of major luxury goods companies on the Chinese mainland and Hong Kong fell by 2.4 per cent year on year in the 2015 financial year, a report showed.
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