Boom time for luxury market in China
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Major international luxury goods manufacturers are riding high in China with the luxury goods market booming, despite a slowdown in economic growth.
China will account for about 20 per cent, or $27 billion, of global luxury sales in 2015, according to McKinsey research.
Even during the global recession in 2009, sales of luxury goods in the mainland rose by 16 per cent, to about 64 billion renminbi - down from the 20 percent growth of previous years but far better than the performance of many other major luxury markets, says McKinsey.
Take a look at how China is driving the luxury market boom...
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Image: Waiters open a Chinese traditional red door inside a luxurious furniture museum in Beijing.
Photographs: Jason Lee/Reuters.
Boom time for luxury market in China
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A guide looks in from the entrance of a hall for a Louis Vuitton Voyages exhibition at the National Museum of China in Beijing.
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Image: Jason Lee/Reuters.
Boom time for luxury market in China
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A businessman talks on the phone next to a Challenger 300 aircraft during the Shanghai International Business Aviation Show at Hongqiao International Airport in Shanghai.
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Photographs: Carlos Barria/Reuters.
Boom time for luxury market in China
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Louis Vuitton sunglasses are seen at the largest Louis Vuitton store in China, which is located in Shanghai.
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Photographs: Aly Song/Reuters.
Boom time for luxury market in China
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Guests attend a dinner at Ultraviolet restaurant in Shanghai.
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Photographs: Carlos Barria/Reuters.
Boom time for luxury market in China
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Security guards stand in front of a entrance of the Louis Vuitton fashion show in Shanghai.
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Photographs: Aly Song/Reuters.
Boom time for luxury market in China
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A man films a gold-plated Infiniti G37 at a jewellery store in Nanjing, Jiangsu province.
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Photographs: China Daily/Reuters.
Boom time for luxury market in China
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A cleaner uses a feather duster to clean a bottle of the luxury Scotch whisky brand Royal Salute on display at a launch ceremony for the release of the '62 Gun Salute' series in central Beijing.
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Photographs: David Gray/Reuters.
Boom time for luxury market in China
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Guests take snapshots of a gold bathtub at the 2006 Millionaires' Fair at the Shanghai Exhibition Centre.
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Photographs: China Daily/Reuters.
Boom time for luxury market in China
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Staff members of the new Gucci flagship store in Shanghai chat as they wait for customers on its opening day.
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Photographs: Nir Elias/Reuters.
Boom time for luxury market in China
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A waitress carrying an umbrella walks down the driveway to Chateau Laffitte Hotel, an imitation of the 1650 Chateau Maisons-Laffitte by French architect Francois Mansart, located on the outskirts of Beijing.
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Photographs: David Gray/Reuters.
Boom time for luxury market in China
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An Audi car drives past Tiananmen Square as a police officer stands guard on a street in central Beijing.
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Photographs: Soo Hoo Zheyang/Reuters.
Boom time for luxury market in China
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Family members of a couple getting married sit inside a Hammer Limousine on the drive to the wedding reception in Shanghai.
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Photographs: Nir Elias/Reuters.
Boom time for luxury market in China
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A general view shows the Huangpu River from the balcony of an apartment at the Tomson's Riviera project in Shanghai.
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Photographs: Nir Elias/Reuters.
Boom time for luxury market in China
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A fine and rare famille-rose "peach" vase, Tianqiuping, with a seal mark and period of Qianlong, which is estimated to fetch $10.3-15.4 million, is shown during a Sotheby's preview in Hong Kong.
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Photographs: Bobby Yip/Reuters.
Boom time for luxury market in China
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Employees use irons on chair covers before a Louis Vuitton's news conference in Shanghai.
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Photographs: Aly Song/Reuters.
Boom time for luxury market in China
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A woman walks past a Burberry shop in Beijing.
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Photographs: Jason Lee/Reuters.
Boom time for luxury market in China
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A worker adjusts a display of Mont Blanc watches at the luxury-goods company's new store in Beijing.
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Photographs: David Gray/Reuters.
Boom time for luxury market in China
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A bottle of Hennessy X.O. is displayed next to a model at the Top Essence luxury goods show in Beijing.
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Photographs: Jason Lee/Reuters.
Boom time for luxury market in China
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Women pose for a picture in front of the new skyscraper tower of Huaxi village, Jiangsu province.
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Photographs: Carlos Barria/Reuters.
Boom time for luxury market in China
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A Ferrari 458 Spider is loaded onto a truck after being bought by a young Chinese at its showroom in Shenzhen.
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Photographs: Bobby Yip/Reuters.
Boom time for luxury market in China
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Mobile phones plated in stainless steel and 18-carat gold (top), with a price tag of HK$79,750 ($10,249) and HK$462,000 ($59,380) respectively, are shown at a luxury goods department store in Hong Kong.
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Photographs: Bobby Yip/Reuters.
Boom time for luxury market in China
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Huaxi village, also known as China's richest village, celebrates its 50th anniversary with the inauguration of a massive 328-meters (1,076 feet) high skyscraper that screams for attention from its lowly skyline.
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Image: Guests walk in the lobby of the new skyscraper tower of Huaxi village before its official inauguration in Jiangsu province.
Photographs: Carlos Barria/Reuters.
Boom time for luxury market in China
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The newly inaugurated skyscraper tower of Huaxi village is seen in Huaxi village, Jiangsu province.
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Photographs: Carlos Barria/Reuters.
Boom time for luxury market in China
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A waiter is reflected in a mirror as he pours Scotch whisky from luxury brand Royal Salute into glasses at a launch ceremony for the release of the '62 Gun Salute' series in central Beijing.
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Photographs: David Gray/Reuters.




























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