China 's new rich have rushed to show off their wealth by buying designer goods . It 's meant boom times for European brands like Prada , Louis Vuitton and Chanel . It sells clothing , shoes and accessories from 500 international designers online and at its seven stores in Hong Kong , Beijing and Shanghai . But the Chinese are also snapping up luxury items from American retailers such as Tiffany & Co ( TJX - news - people ) and Saks Fifth Avenue ( SJE - news - people ). Insiders say `` made in China '' can become a fashion force to be reckoned with .
China 's new rich have rushed to show off their wealth by buying designer goods . It 's meant boom times for European brands like Prada , Louis Vuitton and Chanel . But the Chinese are also snapping up luxury items from American retailers such as Tiffany & Co ( TJX - news - people ) and Saks Fifth Avenue ( SJE - news - people ). Insiders say `` made in China '' can become a fashion force to be reckoned with .