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The Poor In China Also buy Luxury

July 15, 2009 // Posted in Vertu General  


The Poor In China Also buy Luxury

In addition to improving their diets, more and more citizens are buying one or two pieces of luxuries to better their looks.

LV, GUCCI, PRADA, BOSS, OMEG, RLEX, DUNHILL…In order to explore this growing market, some investors are getting involved. Besides a group of exclusive stores, luxury goods boutiques are more and more common in the streets.

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For private entrepreneurs and white-collar office workers with senior positions who have strong financial strength, buying several pieces of luxury goods for themselves should be normal consumption behavior. However, worryingly, there is an increasing number of a new type of consumers, with a monthly salary ranging from 3000 to 5000 RMB only, would save half of their annual income for a LV or GUCCI bag, in spite of the fact that they have to carry such a bag on a crowded bus.

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