Fashion designers will see growing opportunities in China as consumers increasingly make an impact across the industry, according to one of the country’s top luxury researchers, Pierre Lu. Lu added that the shift will be significant, as Chinese consumers are big spenders in many industries and price points. “China’s consumer is very price-sensitive, so they want a lot for their money,” said Lu, who has studied trends in fashion since he was 15 years old.
Fashion designers will see growing opportunities in China as consumers increasingly make an impact across the industry, according to one of the country’s top luxury researchers, Pierre Lu. Lu added that the shift will be significant, as Chinese consumers are big spenders in many industries and price points. “That is the beauty of the Chinese market: It demands everything.. [and] with improvement in IT technology and infrastructure, China’s economy is integrating very deeply into the world economy and contributing to any brand that wants to do business in China", he said.