Top luxury firms seek salvation in China!

Top luxury firms seek salvation in China!
Nov 25, 2008 02:34
BBQQ Points: Join Date: Feb 7, 2007 Status: offline	The whole world economies are in recession now. Those top luxury firms are also struggling for survive in the crisis. To look for salvation, they aim at China's market. Last week, The Top Essence fair was held in Beijng. Most of World famous top luxury brands gathered at the fair. A manager who visited the fair said there were some lows when the whole economy was in recession. However, those well-to-do people were not affected by the downturn. They still had a lot of money to buy these goods. What about those poor people? They are the direct victims of the financial crisis. It seems that China has many rich guys. Otherwise, those luxury firms won't enter Chinese market.

Nov 25, 2008 02:34

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Join Date: Feb 7, 2007
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The whole world economies are in recession now. Those top luxury firms are also struggling for survive in the crisis. To look for salvation, they aim at China's market. Last week, The Top Essence fair was held in Beijng. Most of World famous top luxury brands gathered at the fair.

A manager who visited the fair said there were some lows when the whole economy was in recession. However, those well-to-do people were not affected by the downturn. They still had a lot of money to buy these goods.

What about those poor people? They are the direct victims of the financial crisis.

It seems that China has many rich guys. Otherwise, those luxury firms won't enter Chinese market.

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