China, Socialism & Consumer Behavior: becoming the world’s biggest luxury market

A report on China’s commercial development 2009-2010 released in Beijing in May/2010 said China is set to rank as the world’s biggest market for luxury goods in five years […]

Post author By Itamar Medeiros
Post date September 7, 2010
1 Comment on China, Socialism & Consumer Behavior: becoming the world’s biggest luxury market

A report on China’s commercial development 2009-2010 released in Beijing in May/2010 said China is set to rank as the world’s biggest market for luxury goods in five years:

Written by the Chinese Academy of Social Sciences, the report said China’s luxury goods market had increased to US$9.4 billion last year, accounting for 27.5 percent of the world’s luxury goods market and replacing the United States as the world’s second largest luxury goods market, second only to Japan.

via China set to be world’s biggest luxury market – China.org.cn.

Tags Beijing, China, Chinese Academy of Social Sciences, Consumer Behavior, Development, Japan, Market, Report, United States

By Itamar Medeiros

Originally from Brazil, Itamar Medeiros currently lives in Germany, where he works as VP of Design Strategy at SAP, where he leads the design vision for the entire Human Capital Management product line, ensuring cohesive product narratives and establishing best practices.

Working in the Information Technology industry since 1998, Itamar has helped truly global companies in multiple continents create great user experience through advocating Design and Innovation principles. Itamar has also served as a juror for prestigious design competitions and lectured on design topics at universities worldwide.

During his 7 years in China, he promoted the User Experience Design discipline as User Experience Manager at Autodesk and Local Coordinator of the Interaction Design Association (IxDA) in Shanghai.

Itamar holds a MA in Design Practice from Northumbria University (Newcastle, UK), for which he received a Distinction Award for his thesis Creating Innovative Design Software Solutions within Collaborative/Distributed Design Environments.

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One reply on “China, Socialism & Consumer Behavior: becoming the world’s biggest luxury market”

[…] Consulting Group has predicted that China will become the world’s largest luxury market and more than 330 cities standard of living will surpass todays Shanghai in the next ten years. […]

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