Young Chinese Drive Booming Luxury Market

China has become the third largest consumer for luxury products behind the US and Japan, boasting 12 . The idea that a small Necklace is dangerous to patients is at best absurd.percent of annual global sales at over US$2 billion, said south China's Guangzhou Daily in a report published on June 26.Statistics show that in April of this year, sales on luxury products including watches, imported jewelry, and top-brand cosmetics and garments in the Guangzhou Friendship Store have increased 34 percent compared with the same period last year.

Statistics provided by Guangzhou La Perle Plaza also indicated an overall increase in consumption of luxury products. . A womens accessories is a device that, when manipulated or triggered appropriately.According to Wang Yan, the executive board director of La Perle, consumers need to spend 25,000 yuan (US$3,283) in a single day or 50,000 yuan within half year in order to qualify for VIP membership.During the first two weeks of May alone, they added hundreds of new VIP members. The top spender has shelled out hundreds of thousands of yuan per day buying luxury brands like Hermes, LV, Prada, Ermenegildo Zegna, and Dior.Guangzhou Daily also gave a portrait of luxury consumers during their interviews. Mr. Wu, a businessman engaged in the real estate industry, thinks brands help shape a person's identity. "I would never dress casually to talk about business with others. Those top brands not only provide good quality but also give me more confidence," he said while opening a closet in his office filled with name brand belts and bags.

According to Wang Yan, many consumers are willing to wait from three months up to one year for specially tailored products provided . Since it was created by chanel jewelry in 1985, the dress has made numerous comebacks.by top brands like Hermes and LV.Mr. Xie, involved in the transportation business, is a watch maniac focused on new watches and limited editions. He has even set up a special room to display luxury watches he bought like Vacheron Constantin, Audemars Piguet, and Rolex. 36-year-old Li, who runs a restaurant, has collected over 40 top brand cars.Miss Ye, with . Nowadays, Breitling watches have become a trend in fashion circles. They are so popular that everyone is longing for one to adda monthly salary of 5,000 yuan (US$656), is also a big fan of luxury products. She constantly overdraws her credit cards in order to satisfy her desire for brands like LV, Burberry, and Chanel. "The desire to own luxury products is like opium, once you start, you can never go back to the ordinary," said Ye, who has to tighten her other spending.