Template-Type: ReDIF-Paper 1.0
Author-Name: Ronald Jean Degen
Author-Email: degen@lomasnegras.com
Author-Workplace-Name: International School of Management Paris 
Title: Opportunity for luxury brands in China
Abstract: Given the scale of the Chinese market, international luxury brand to continue or become successful must win in China to continue wining in the rest of the world. Chinese yuppies are driving the demand, buying everything from expensive watches to imported cars. Those that are able to gain and maintain a preferential share of these Chinese affluent consumers will be able to sustain their global image and compete in equal terms with the future emerging Chinese luxury brands. 
The reason Chinese affluent men and women buy Rolex watches and Louis Vuitton bags are not simply because of the Swiss craftsmanship or French design. Their motivation to buy these luxury brands has its roots in the more complex Confucian values and demand for social recognition, and the growing influence of Western values. For this reason it is important to understand the roots and changes of the culture and values that determine the buying behavior of the modern Chine affluent consumer.
Creation-Date: 2009-06-17
File-URL: https://globadvantage.ipleiria.pt/files/2009/06/working_paper-31_globadvantage.pdf
File-Format: application/pdf
Number: 31
Classification-JEL: M0, M1
Keywords: Luxury brands in China; China affluent consumer; Chinese yuppies; The Me generation; The young emperor generation
Handle: RePEc:pil:wpaper:31