Abstract
As recently as one decade ago, there was no stand-alone luxury brand store in mainland China. At that time, wearing a Rolex watch meant luxury, and such luxury consumers were called “Bao Fa Hu” (new rich in short period). With the reform and opening up of Chinese society, more people became rich and broadened their horizons through foreign travel. They started to change their way of life and their demands for luxury products like bags, watches, cosmetics, cars, clothes and so on increased rapidly. To cater to the needs of these local customers, luxury brands and top auto companies, mainly from Europe, set up their shops and factories in mainland China. From then on, high-end brands have been playing a critical role in mainland luxury world.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
NOTES
. Jing Daily (2010),.China “Saves the Day” For Struggling Luxury Industry, retrieved 21 January 2010.
People’s daily online (2010). Top 10 most luxurious cities in China’s mainland, retrieved 29 January 2010.
. Statistics Bureau (2011). The Report II of the sixth national population census, retrieved 29 April 2011.
Suec.cn (2011). List of top 50 cities’ GDP in 2011, retrieved 1 June 2012 from www.suec.cn/development/competition/economy.
China Investment Advising Network (2011). Investment and forecasting of tourism 2012–2016, retrieved 1 June 2012 from www.ocn.com.cn.
China Investment Advising Network (2011). Investment and forecasting of tourism 2012–2016, retrieved 1 June 2012 from www.ocn.com.cn.
Editor information
Editors and Affiliations
Copyright information
© 2013 Joanna Chen
About this chapter
Cite this chapter
Chen, J. (2013). Luxury Shopping Places In China. In: Hoffmann, J., Coste-Manière, I. (eds) Global Luxury Trends. Palgrave Macmillan, London. https://doi.org/10.1057/9781137287397_9
Download citation
DOI: https://doi.org/10.1057/9781137287397_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-44968-2
Online ISBN: 978-1-137-28739-7
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)