2009 Wrap-Up: China Becomes World's Second-Largest Luxury Market
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
China has become the world's second-largest luxury market. Reports suggest growth in the luxury sector, with some companies planning for expansion. The timing and context of this growth are unclear, with references to both a 2009 milestone and more recent developments, including recovery from a global health crisis.