The Wall Street Journal

Chinese Shoppers Are Splurging on Luxury Goods Again

Chinese Shoppers Are Splurging on Luxury Goods Again

  • January 26, 2018
  • min read

The Wall Street Journal

Chinese Shoppers Are Splurging on Luxury Goods Again

Global luxury-goods purchases by Chinese shoppers jumped 12% last year to $104 billion, according to Bain & Company. Chinese consumers accounted for 32% of global luxury-goods purchases, up from 30% in 2016.