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Luxury Brands Accelerate To Seize The Chinese Market

BEIJING, CHINA - JUNE 11: Chinese women walk past the Van Cleef & Arpels store on June 11, 2012 in Beijing, China. According to the World Luxury Association 2011 annual official report , China is expected to replace Japan as the world's top consumer of luxury goods by 2012 with an expected luxury goods sales value of 14.6 billion U.S. dollars due to China's growing demand and declining consumption in Japan. (Photo by Feng Li/Getty Images)

China loves its luxury goods

At the intersection of capitalism and communism. According to World Luxury Association official reports, China will this year Japan as the world's top consumer of luxury goods, with an expected luxury goods sales value of U.S. $14.6 billion.