Gap is Narrowing Among the Mainland Luxury Markets
Sunday, August 30th, 2009The 2009 China Luxury Forecast, jointly conducted by Ruder Finn Asia and Albatross Global Solutions, shows that the gap between the tier 1 and tier 2 luxury markets is narrowing. Consumers in tier 2 cities are becoming more mature in areas such as consumer perception and purchasing power. The survey interviewed 1,000 luxury consumers with [...]