Luxury goods demand soars in China

16:59, February 25, 2011      

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A pair view branded watches exhibited in a shop window at Intime Lotte Department Store in Beijing, capital of China, Feb. 23, 2011. Luxury goods demand in China soars as economy booms and the emerging middle class spends a growing chunk of their cash on high-end items. China has risen to be world's second largest luxury goods consumer, just after Japan, according to a report about China's luxury goods market in 2010. (Xinhua/Yang Yue)

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