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HSBC Report: Men Key To Luxury Spending In China Today; Women Tomorrow

In the book "Luxury China: Market Opportunities and Potential," Chevalier and Lu note that the Chinese luxury business is still very much dominated by middle-aged men, most of whom splash out on high-priced luxury goods with the intention of giving them as gifts. However, as the authors point out, over time we can expect to see a gradual shift in power from male to female consumers.

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