Chinese luxury passport is expected to accelerate

SINGAPORE 16th, October 2012 / PRNewswire / - Wealth-X, the ultra high net worth (UHNW) solution of business development for marketing managers, private bankers, scientists Prospect, fundraising and experts in business development, published its report on the state of China's ultra high net Worth Individuals (UHNWIs) "spending luxuries. Prada Shoulder Bags "Special Report: The Global Chinese luxury consumption" examines the impact of the decline in the Chinese population and UHNW combined wealth on luxury spending. Trace trends in luxury spending among Chinese UHNWIs the report provides an overview of the categories of luxury, spend the most have seen in the extremely rich Chinese. Commenting on the report, Wealth-X CEO Mykolas Rambus D. said: "According to the World Wealth Report Wealth-X Ultra 2012-2013, Asian UHNW wealth expected to be 7.9% per year for the next five years with China for the largest Part of this growth to grow. " "The opportunities for luxury retailers are immense, and their success depends on their ability to understand the Chinese market UHNW. Increasing wealth of the Chinese women UHNWIs offers significant growth potential for suppliers of luxury," said Mr. Rambus.