Tag Archives: china luxury news

China Luxury News Roundup: October 23

China Luxury News Roundup: October 23

Summary: Prada expects its China sales to double or triple within the next two to three years. Bentley makes ten limited edition cars, and all ten go to China for sale. BMW affirms its position on the growing Chinese auto sector. Are Chinese still buying real estate at home? China leads world in luxury spending. 20 per cent of the global market for luxury goods will be Chinese. Chinese companies like Shang Xia are starting to produce local luxury brands, and looking overseas for growth. Burberry and Harrods earnings affirm continued Chinese demand.

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