Retail
January 29, 2018
As China's share of the world's billionaires grows, so too does its luxury market. Image credit: Peninsula Hotels
By Danny Parisi
As China’s share of global high-net-worth individuals grows, the country’s wealthy elites increasingly believe that in the next 10 years it will overshadow the United States as the country with the most ultra-affluent consumers.
{"ct":"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","iv":"89d5d8c21806259c31d9b8af6984d1fc","s":"758ba94e39c62922"}
Share your thoughts. Click here