Vogue China editor-in-chief Angelica Cheung : Luxury market `` multi-layered '' Global luxury brands are failing to connect with Chinese consumers . Bling and status symbols not all that concern Chinese consumers now . Luxury analyst : " The biggest challenge for the luxury industry is how do you get people who have never been in a high-end store before?
Vogue China editor-in-chief Angelica Cheung : Luxury market `` multi-layered '' Global luxury brands are failing to connect with Chinese consumers . Bling and status symbols not all that concern Chinese consumers now . Luxury analyst : It 's time brands refined products , introduced edgier concepts .