FRANCE AT IHDD SHANGHAI
International Home Decor & Design 2008 is a unique business platform for premium overseas brands to showcase their upmarket furniture, tableware, interior decoration & design, and home textiles among top end buyers and decoration professionals in Shanghai, the retail center of China.Chinese Market Quick facts
“France, des Maisons ŕ Vivre”
Retail sales in China have reached more than 6 trillion RMB and are expected to quintuple in the next 10 years to 30 trillion RMB (source: Credit Suisse First Boston)
The average income of the urban population in China has passed the RMB 10,000 mark in 2005. Since 1997 the income has almost doubled and with the rise of income there was also a shift in expenditure patterns from "basic needs" towards "personal luxury". 200 million Chinese have meanwhile entered a new consumption society
China is currently the 3rd largest consumer of luxury brands and is expected to surpass the United States within the next 10 years.
In 2004 the urban
population of China was estimated to be 543 million (=42%
of the total population) Until 2020 China will build around 500 million
sqm of residential apartments annually.
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