China's luxury market rebounded with 12% growth in 2022, reaching 400 billion yuan ($56.43 billion), according to Bain & Company.

China's luxury market is rebounding with a 12% growth in 2022, reaching over 400 billion yuan ($56.43 billion), according to Bain & Company. Although not yet back to 2021 levels, the market is expected to continue growing in the coming years. The mainland China personal luxury market accounted for about 16% of the global market in 2021 and is expected to reach at least 20% by 2030. Emerging segments such as bedding and fine linen are attracting investment, with domestic home textile brands increasingly investing in high-end bedding to meet consumer demands.

January 29, 2024
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