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- 10 Findings From Market Research Firm Huicong D&B
- 1. The annual income of Chinese luxury consumers increased 11 percent over last year, outpacing CPI
- 2. Luxury consumers are becoming more discriminating
- 3. Jewelry and accessories, apparel, watches and leather goods are the most popular buys
- 4. Hong Kong is the most popular destination for mainland Chinese consumers to buy luxury goods
- 5. Online shopping finally catching on, but lags behind demand
- 6. Luxury consumers spending more rationally and managing money more wisely
- 7. Word-of-mouth and opinion leaders have great influence
- 8. Luxury consumers get majority of information from print media and Internet
- 10. Print media ranks first in terms of cosmetics information among luxury consumers
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