Everyone knows China will eventually become the world's largest market for luxury goods. But as it did with cars, China is redefining the word “eventually”.
Last year, the country surprised even its own car manufacturers by becoming the world's largest auto market, several years ahead of expectation.
Now, with rich Chinese consumers virtually ignoring the global financial crisis, the country is marching up the league table of luxury markets too, with some measures putting it in second place.
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