Fashion and Leather Working Group Position Paper 2019/2020 - 时装与皮具工作组 2019/2020 Go back »

  • Published on:
    2019-09-24
  • Category:
    Position Paper
  • by:
    Fashion and Leather Working Group / Forum
  • Keywords:

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President Xi’s report during the 19th Party Congress stated that the gap between unbalanced and inadequate development and people’s ever-growing needs for a better quality of life is now the ‘principal contradiction’ as China’s economic development gradually shifts to higher-quality growth.

For millennia, humans have needed to express themselves as individuals, and this has often been done through clothes and accessories. The shift in China’s economy and the expansion of its middle class, which now has more disposable income than ever before, has seen a large increase in the consumption of high quality, luxury products that allow people to demonstrate their individuality. In fact, Chinese consumers contributed to nearly one third of the global consumption of luxury goods in 2018.

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