The luxury goods market is changing in China

Chinese no more buy tired and worn luxury brands for thousands of dollars without thinking, but the segment in the country will surely continue to spin for many years only needs change.

The manufacturers of luxury goods has long been calculated that the rich of China easily spend thousands of dollars for a luxury bag, or more expensive products. Nowadays, the taste of Chinese consumer have changed to such an extent that it is threatening the brand power of the aggressively expanding brands in the country – Bloomberg reported. (Bloomberg, Világgazdaság Online)