Western investors are actively investing in shares of the world’s largest luxury goods manufacturers. writes about this B.F.M..
According to the publication, in this way they are trying to profit from the rapidly growing demand for luxury goods in China.
Last year, luxury consumption in China increased by 12 percent, while the world average was 10 percent. China accounts for one-sixth of the global luxury goods market. Analysts predict that the China segment will grow by 6% this year, ahead of the US and Europe.
“China is worried that Western investors will stop investing directly in its IT companies and automakers,” said Alexey Maslov, director of the Institute of Asian and African Studies at Moscow State University.
However, investors prefer to invest in Western luxury brands that actively sell in China. This allows them to indirectly benefit from the growth of the Chinese economy.
“Most Chinese cannot afford real luxury goods, so imitations are very common,” says Chinese journalist Fan Fei.
However, the publication writes that the interest of Western investors in the luxury sector continues to grow.
Before that, it was known that 2023 was in Russia. happened A record in terms of real estate investment.
Russians before saidWhich investment is more profitable than deposits?
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.