{"id":2185,"date":"2020-01-17T14:48:00","date_gmt":"2020-01-17T14:48:00","guid":{"rendered":"https:\/\/www2.alphapay.com\/?p=2185"},"modified":"2021-10-22T22:12:19","modified_gmt":"2021-10-22T22:12:19","slug":"great-demand-in-chinese-luxury-market","status":"publish","type":"post","link":"https:\/\/www.alphapay.com\/zh\/great-demand-in-chinese-luxury-market\/","title":{"rendered":"China\u2019s Luxury Market To See Greater Demand This Year"},"content":{"rendered":"<p>China, Jan 03, 2020-The Chinese luxury market has gone through ups and downs last year but in 2020, greater things are in store, industry experts said, noting that demand for high-end products will continue to rise this year.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.alphapay.ca\/wp-content\/uploads\/2020\/01\/Chinas-Luxury-Market.png\" alt=\"China's Luxury Market\" class=\"wp-image-7885\" title=\"China's Luxury Market\"\/><\/figure>\n\n\n\n<p>According to China Daily, industry analysts predicted that the world\u2019s second-largest economy will continue to lead the global luxury goods market as Chinese consumers increase their demand for items under the designer fashion sector.<\/p>\n\n\n\n<p>The data was based on figures from the luxury market\u2019s overall spending in 2018, which saw a seven percent hike from the previous year at $145.7 billion. According to data from Chinese luxury online retail firm Secoo Holding Ltd. and global consultancy Deloitte, the said amount accounts for 42 percent of the world\u2019s overall luxury market spending.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.alphapay.ca\/wp-content\/uploads\/2020\/01\/China%E2%80%99s-Luxury-Market.png\" alt=\"China\u2019s Luxury Market\" class=\"wp-image-7886\" title=\"China\u2019s Luxury Market\"\/><\/figure>\n\n\n\n<p><strong>Shoppers cross the road outside Causeway Bay shopping mall in Hong Kong, China, December 26, 2019. (Photo: REUTERS\/Lucy Nicholson)<\/strong><\/p>\n\n\n\n<p>Industry analysts further noted that online shoppers will most likely focus on the following products this year: beauty and skincare items, digital devices, men\u2019s apparel, and men\u2019s footwear.<\/p>\n\n\n\n<p>Pre-loved products are also expected to have a bigger chunk of the overall luxury market due to lower prices in high-end goods. Affordability is one of the key aspects of the market that luxury brands are encouraged to look into as a means of further providing the demands of consumers in China.<\/p>\n\n\n\n<p>Finally, 5G deployment in China is expected to help improve the luxury market as a whole both offline and offline. Better connection speeds will provide consumers with a better experience, industry experts pointed out, especially with the Chinese government\u2019s push for 5G networks in the country.<\/p>","protected":false},"excerpt":{"rendered":"<p>China, Jan 03, 2020-The Chinese luxury market has gone through ups and downs last year but in 2020, greater things are in store, industry experts said, noting that demand for high-end products will continue to rise this year. According to China Daily, industry analysts predicted that the world\u2019s second-largest economy will continue to lead the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[33],"class_list":["post-2185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-alphapay"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Great Demand in Chinese Luxury Market - AlphaPay<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.alphapay.com\/zh\/great-demand-in-chinese-luxury-market\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Great Demand in Chinese Luxury Market - AlphaPay\" \/>\n<meta property=\"og:description\" content=\"China, Jan 03, 2020-The Chinese luxury market has gone through ups and downs last year but in 2020, greater things are in store, industry experts said, noting that demand for high-end products will continue to rise this year. 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