Symbols

Luxury Goods

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Luxury goods are defined internationally as "a kind of consumer goods with unique, scarce and rare characteristics beyond the scope of people's survival and development needs", also known as non-necessities of life. Economically speaking, luxury refers to the product with the highest value/quality relationship ratio. From another point of view, luxury goods refer to the products with the highest ratio of intangible value to tangible value. The consumption of luxury goods is an act of high-end consumption, and the word luxury itself has no derogatory meaning. China is one of the big markets for global luxury goods consumption. In 2015, as the main force of global luxury goods consumption, Chinese tourists' overseas luxury shopping surged 122% year-on-year in March after a 52% year-on-year growth in February, bringing the year-on-year growth of luxury goods sales in the first quarter of 2015 to 67%, which is a big improvement from the 32% year-on-year growth in the fourth quarter of 2014 and the year-on-year growth of 18% in the whole of 2014.

Constituents