The World Luxury Association revealed its list of 100 global luxury brands at an official ceremony in Beijing on January 11, 2012.
Many Chinese people think owning a car of Benz of BMW is the way to show social status.
The World Luxury Association predicted that luxury car market in China will see a hotter year in 2012.
The World Luxury Association will release a top 100 luxury brands list in Beijing in January, 2012. Days before the release, news that Kweichow Moutai has applied to become luxury has been spread widely.
In most luxury shops around the world, Chinese customers can be found busy purchasing.
Chinese tea may become luxury in China, as it embodies Chinese traditional culture, and the procedure to make tea and the history of tea are mysterious.
The chief representative of the China branch of World Luxury Association revealed that in 2012, the organization will improve luxury goods after-sale issues in China.
From Pierre Cardin to Louis Vuitton, for the past ten years, prestigious foreign luxury brands have been increasingly eager to claim their place in China, a country set to become the world’s number one luxury goods market.
According to the “World Luxury Association 2011 Blue Report” published in March, the Chinese luxury goods market’s total consumption reached US$107 billion (not including private jets, yachts and luxury cars), amounting to a quarter of the global sum.
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