The Main Market For Luxury Goods Is &Nbsp; From Europe To Asia.

In the context of the European economic downturn, insiders find that the consumer market has begun to move from the west to Asia.

Economist Daniel Cohen believes that the most likely scenario is that our European experience of the financial turmoil is still keeping the euro, but the cost is a sharp recession.

China's current consumption accounts for only 30% of GNP, while ours is 70%.

Therefore, it is natural to have pressure on raw materials, which is not obvious in 1990s.

The consumer market shifts from the west to Asia.

Gildas Minvielle said China is clearly the driving force of the future economy.

The director of economic analysis at the French Fashion Institute said: "in the past twenty years, we have seen the manufacturing center pferred from Europe and the United States to China.

In the next five years, we will see the same phenomenon, but this is the consumer market.

This change is mainly due to the readjustment of China's economic policy, leading to the recent rise in wages.

In the face of the sharp rise in raw materials, 58% of the French fashion research firms said they had reduced China's supply.

Gildas Minvielle said, "however, China's textile and garment industry will not be greatly affected.

In ten years, China's investment in cotton mills accounted for 54.8% of the world's total, while that of textile mills was 68.9%.

It's just that products change consumer goals.

In 2010, 81% of China's textile and apparel products were used for domestic consumption, significantly higher than 67% in 2009.

France still represents luxury in the next 20 years.

Sinologist Jean-Luc Domenach believes that there are two major reasons for the pformation from an export oriented economy to a consumer economy. "China has realized that it is too dependent on the danger of US exports because the US market is in an overall recession.

As for consumption, residents are increasingly seeking enjoyment and substance.

Europe still has a trump card to make use of.

Jean-Luc Domenach said, "China is happy, and they think it can be found abroad.

France therefore has a very romantic image in their minds.

This is the basis for supporting the luxury market, which will give us 15 to 20 years until everything is imitated in China. "