Chinese rich prefer to give Western luxury brands as a gift

According to the survey of the Hurun research institute; When it comes to gift giving China's rich people prefer well-known Western brands, who spend an annual tens of millions HUF on gift.

Most often the Chinese millionaires give Louis Vuitton, Cartier and Hermes products to their friends and business partners. The top ten list of these brands: Louis Vuitton, Cartier, Hermes Chanel, Dior, the Italian Prada and Armani, Swiss Rolex and U.S. Apple. Only one Chinese company can be found on the Top 10 list; the Moutai beverage manufacturer, which i8s ranked as the fourth in the world's most valuable brands list, after Louis Vuitton, Hermes and and BMW – reports MTI.