China Leads World in Luxury Attitude and Spending

Affluent consumers in the U.S. and much of the world are pulling back on their spending and attitude toward luxury. However, in China, affluent consumers are choosing luxury in every aspect of the lives, according to a seven-country survey of households earning at least $150,000.About 57 percent of wealthy Chinese shoppers say that the economic environment has prompted them to spend more on

China Leads World in Luxury Attitude and Spending

Affluent consumers in the U.S. and much of the world are pulling back on their spending and attitude toward luxury. However, in China, affluent consumers are choosing luxury in every aspect of the lives, according to a seven-country survey of households earning at least $150,000.About 57 percent of wealthy Chinese shoppers say that the economic environment has prompted them to spend more on