We're Open
+44 7340 9595 39
+44 20 3239 6980

[Solved] Luxurious Consumption in Contemporary China

  100% Pass and No Plagiarism Guaranteed

[Solved] Luxurious Consumption in Contemporary China

Luxurious Consumption in Contemporary China

Instruction paragraph 3 body paragraphs conclusion paragraph no internet sources
Luxurious Consumption in Contemporary China Name: Institution: Date: Luxury consumption has its roots in the European front, where most of the luxurious companies have set-foot on well established markets in Europe and America. The recent recession has sent some of these companies such as the Hermes and Swatch to seek out new markets. Asia and specifically China is one the markets that these companies have sort refuge given the increasing buying power, associated with economic boom in the country. Luxury trends have been on the rise, with the affluent Chinese going for the best the market has to offer. In the past year alone, the Chinese consumption was at a record high of about 46 billion on luxuries, in U.S dollars. 27 of these billions were spent abroad, while the rest 19 billion were spent at home in the Chinese market (Dirlik & Meisner, pg. 366, 1989). The Chinese market was not hard hit by the recession, as such; the luxury spending is set to push the economic recovery much higher and faster than any other markets. With more companies going to set up shop in China due to the lucrative market and the cheap labour, this growth is even expected to go beyond 30 billion at the local market. Unlike in the Japanese market which is dominated by some specific brands, the Chinese market is not. This is partly due to the fact that the market is still under development. To the investors, the market provides one of the best opportunities in business growth and expansion, as the consumer market is quite large compared to the rest of the neighbours. At the moment the Chinese luxury market consumes more than 15% of all the goods and services in the luxury segment, if the current double digit growth in the economy does not falter, there is going to be an even high boom in this segment of the consumers. At the helm of the success in this segment are factors such as travel, internet and marketing, where the companies maximize the effects that these factors have on the market penetration and retention (Phillips, pg. 156, 2012). What is most astounding is the fact that China is ranked at number 105 in the world and boasts an average per capita of about $3,800 US dollars, yet it can manage to be the world second, and pretty soon first, biggest luxurious commodities market. Looking into the history of the country, the luxurious consumption is...

100% Plagiarism Free & Custom Written,
Tailored to your instructions

International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120

100% Pass Guarantee


View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates


  • Title: [Solved] Luxurious Consumption in Contemporary China
  • Price: £ 89
  • Post Date: 2021-09-29T07:32:37+00:00
  • Category: Essays
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

[Solved] Luxurious Consumption in Contemporary China [Solved] Luxurious Consumption in Contemporary China
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

I ordered the literature review for my research project in rush delivery. I was not expecting that they would complete my order 2 hours before my chosen time. The quality is also nice. Thank you for help.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

Now I am happy that I made the right decision of coming to Insta Research for help. My term paper was so technical and analytical at the same time. I got really confused about what to do but got relaxed when I was given such a humble writer. He clarified my concepts with the best explanations and discussions. I almost interacted with him on daily basis within the writing process. The best feature of this site is quick delivery as I got the work before my deadline. Additionally, the term paper is written skillfully and handled quite professionally. Now I am able to take a deep sigh of relief and thank you all for such speedy help. The quality of the work made my day.