China’s luxury leather goods market remains resilient despite the pandemic
Chinese consumers were reported to spend 741 billion RMB on luxury goods in 2021, recording an increase of 36% compared to the previous year. Despite the impact of Covid-19, China’s luxury market has witnessed continuous growth. According to Bain & Company, China’s luxury market accounted for 21% of the global market in 2021, and it […]
Luggage Industry in China: Transformation and Improvement
Luggage Industry in China: Overview The luggage industry in China is rapidly developing. But unlike most high-growth industries in China, the luggage industry also faces many barriers to further growth. Overview of the luggage industry in China China is now the largest manufacturer of leather goods in the world. China sells 500 billion RMB worth […]