- Consumer confidence in Mainland China has returned to the pre-pandemic level, and consumer confidence in Hong Kong has basically recovered.
- The concept of luxury consumption has changed due to COVID-19, and a considerable number of respondents tend to buy higher-quality luxury items.
- The concept of sustainable development is widely recognized, and most respondents show a willingness to pay more for sustainable practices.
SHANGHAI, June 8, 2021 /PRNewswire/ — The 2021 CHINA LUXURY FORECAST was jointly released today by Ruder Finn, a global, leading integrated communications consultancy, and Consumer Search Group (CSG), one of Asia’s most prominent leading market research groups. The forecast explores key indicators of the luxury market in…
