In 2023, Shanghai became the largest luxury market in China, with a total consumption of about 53.5 billion yuan. Beijing ranked the second with 52.3 billion yuan. Hangzhou took the fourth place in this ranking, but ranked first in terms of average luxury consumption.
Leading cities in terms of total luxury consumption in China in 2023
(in billion yuan)
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Ta Kung Pao. (January 18, 2024). Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. "Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan)." Chart. January 18, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. (2024). Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao. "Leading Cities in Terms of Total Luxury Consumption in China in 2023 (in Billion Yuan)." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/
Ta Kung Pao, Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/ (last visited December 19, 2024)
Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan) [Graph], Ta Kung Pao, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/1455629/china-luxury-consumption-leading-cities/