Chinese consumers’ annual consumption of luxury goods in 2013 has risen over one hundred billion U.S. dollars, which builds up half of the global luxury market .

Although the global luxury goods market is facing a lot of pressure, but the total capacity of the global luxury market will reach a record of $ 217 billion, the annual growth rate is expected to reach 11% . Chinese domestic consumption of luxury goods market will reach $ 28 billion,  which is expected to increase by 3 percents. Meanwhile, consumption abroad tends to be further strengthen. It will reach $ 74 billion, that Chinese people’s total consumption of luxury goods in 2013 will reach $ 102 billion, or about 600 billion yuan. This also shows that Chinese people will bought 47% of the global luxury goods.It means that China is the undisputed largest customer of global luxury market.

With the rapid economic development of China these years, Chinese people has become more richer than before and there is a huge improvement of their level of living and consuming. However there might occur such an enormous waste in money that Chinese people buy too much luxury goods. It convinces that some Chinese people can not manage their fortune wisely, and that is an important point to be improved.