Luxury Brands in China

From the China Business Success Stories RSS feed: http://www.chinasuccessstories.com/2008/02/21/luxury-brands-china/

This is Part 1 of a 2-part KPMG retail report. According to the report, whitch cited the Goldman Sachs financial group, China is now the third largest consumer of luxury goods in the world, surpassed only by Japan and the US.

This certainly raised my eyebrows: I knew that Chinese buying power was on the rise, but I didn't expect something like this.

It's certainly a far cry from Mao's day, when pretty much everybody didn't have a pot to pee in or a window to throw it out of.