Luxury Brands Accelerate To Seize The Chinese Market

BEIJING, CHINA - JUNE 08: A Chinese couple walk past the Chanel store on June 8, 2012 in Beijing, China. According to the World Luxury Association 2011 annual official report , China is expected to replace Japan as the world's top consumer of luxury goods by 2012 with an expected luxury goods sales value of 14.6 billion U.S. dollars due to China's growing demand and declining consumption in Japan. (Photo by Feng Li/Getty Images)