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":"f15e3bd7638dcb8e0a88deb51cfe9283","s":"bc92b95d94830a08"}
Share your thoughts. Click here