Men accelerate the luxury market in China

Men are responsible for more than 50 percent of the Chinese luxury market – shows the new exploration of the CLSA brokerage and investment company.

According to the company, the men’s ratio on the Chinese luxury market is 55 percent, which is much more higher than the world average of 40 percent. The main reason is that the Chinese men like to give expensive branded products as gifts, in private life and in business life as well. (MTI)