According to the "Worldwide Luxury Markets Monitor 2015 Spring Update," Chinese consumers make up more than 30% of global luxury spending in 2015. The overall number of luxury consumers has increased from 140 million worldwide to over 350 million and the major driver of the global luxury industry's performance shifted from local consumption to touristic spending. Accessories, which have the largest share of global luxury spending with 29% confirmed market leadership as the fastest growing category, grew by 4% between 2013 and 2014.

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