CNBC
Editor's Note: The original video erroneously attributed the comment regarding China's luxury market to Bain & Company. In fact, Bain forecasts that sales in China will reach 9.2 billion Euro in 2010. It is therefore positioned to become the world's third largest country market, within the next five years. Learn more.
In this video, Shaun Rein, managing director of China Market Research Group, speaks to CNBC's Chloe Cho about luxury brands big push into China.
(Corrected Oct 19, 2010)