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":"b99e19dcef981977976a423d28af76bf","s":"e0cc0eedebc95167"}
Share your thoughts. Click here