China Buys Half of Luxury Goods

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  • Chinese consumers spent some 1 trillion yuan ($184 billion) overseas in 2015 and purchased almost half of the world’s luxury products a report said.
  • Chinese consumers now account for 46 percent of global luxury sales, according to Fortune Character Group.
  • The Beijing-based firm said that over 60 percent of their purchases, worth $116.8 billion, were on luxury products such as mobile devices, makeup and handbags.