It is safe to say that Chinese consumers, whether purchasing in China, online, or abroad, are an ever-important part of the fashion industry. Specifically, Chinese consumers spend billions of dollars on luxury goods. In 2018, Chinese consumers were responsible for 1/3 of “the €260 billion spent on personal luxury goods.” China’s share of the global luxury market is projected to be 41% by 2025. Additionally, China is a major player in the global fashion supply chain; the country is the largest producer and exporter of textiles and apparel in the world.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on February 23, 2020. The original post can be accessed via the Archived Link button above.
Faro, Emily, "Coronavirus And Its Effect On The Fashion Industry" (2020). AELJ Blog. 225.