Research Library > Global Payments > The Rise of China's Luxury Consumer

The Rise of China's Luxury Consumer

White Paper Published By: Global Payments
Global Payments
Published:  May 02, 2019
Type:  White Paper
Length:  1 pages

China is becoming one of the most important markets for luxury goods in the world. The rise of the Chinese luxury consumer is bringing a world of opportunities to luxury retail giants across the globe.

By 2025, it is expected that consumers in China will account for 44% of the $339 billion in luxury goods spending worldwide.

This infographic highlights these projected luxury sales increases and identifies the primary drivers and the preferred payment methods for Chinese consumers.

Tagsluxury goods, global payments, unified commerce, retail, wechat pay, alipay, chinese wallets, global commerce, mobile payments