"Chinese consumers have overtaken U.S. shoppers this year to become the world’s biggest buyers of luxury goods, accounting for 25 percent of global sales through purchases at home and overseas, ...U.S. consumers now account for one-fifth of the world’s luxury sales, followed by the Japanese shoppers at 14 percent, according to a report released by Bain today."
Source: Chinese Shoppers Overtake U.S. as Top Luxury Buyers
By Vinicy Chan - Dec 12, 2012
Bloomberg
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