Trademagazin > News and articles > Market News > The rental of luxury goods can be the new trend in China
The rental of luxury goods can be the new trend in China
Beside the sale and purchase of luxury brand products their rental is also increasing in China.
According to the datas of PricewaterhouseCoopers, the sales of luxury goods in 2011 exceeded 15 billion dollars in the East Asian country, which is an annual 25 percent increase. China in 2010 – by overtaking of Japan – became the world's second largest market of luxury products, and the Ipsos market research firm estimates that – this year China can leave behind the United States – and can be the largest market of luxury goods in the world. (MTI, Szerencsi Ágnes)
Related news
More related news >
Related news
Auchan launches sustainable ice cream in Portugal
Auchan Portugal has teamed up with local brand O Gelado…
Read more >Less sugar, minimum carbohydrates
This article is available for reading in Trade magazin 2025/5.…
Read more >