Chinese people buy luxury products world wide

A Chinese market investigation company reports that Chinese people occupy approximately half of all of the luxurious products purchased in the world during 2014. The luxurious products purchased in 2014 amounts to 27.3 trillion yen (approximately USD 270 billion) and the sum that Chinese people purchased is about 12.5 trillion yen (approximately USD 120 billion).

The company also reports that among that purchase by Chinese people, about 76% of the total is purchased outside China. In this context, it can be said that Chinese people contribute to the world economy by purchasing many luxurious products. Actually, in the gorgeous department stores in Tokyo such as Ginza or Shinjuku, there are lots of sales persons who can speak Chinese. And a lot of goods shops make much of Chinese tourists by showing Chinese explanation.

One of the reasons is that customs imposed on the imported products in China is quite heavy. Another reason is that it would be less risky of getting imitation to acquire the luxurious products in foreign countries than domestic stores in China.