China's rich prefer to give Louis Vuitton
Updated: 2013-01-16 10:44
(Xinhua)
|
|||||||||||
BEIJING - Louis Vuitton, Apple and Hermes are the top three brands wealthy Chinese men prefer to give as gifts, according to survey results released Tuesday.
Moutai, China's top liquor brand, fell from the list of the top 10 gifts luxury consumers most like to give, according to a survey conducted by the Hurun Research Institute.
Moutai's exclusion from the list came after a chemical-taint scandal hit the country's liquor industry and a ban on luxury banquets and the use of liquor at official receptions was initiated by the country's top leadership last year.
Chanel, Louis Vuitton and Cartier were the top three brands rich Chinese women prefer to give as gifts.
The Hurun Research Institute surveyed 551 wealthy people with an average net worth of 59 million yuan ($9.5 million) from 31 Chinese cities.
Related Readings
Report: Wealthy still lavish luxury on friends, colleaguesEconomy may suffer as rich look overseas
The spending of China's rich
Luxury goods' prices rising in the mainland
Luxury goods market dented by govt policies
Related Stories
Report: Wealthy still lavish luxury on friends, colleagues 2013-01-15 23:40
Beijing leads nation on rich list 2013-01-15 23:40
Private banking for rich 'faces golden era' 2012-12-24 09:48
Economy may suffer as rich look overseas 2012-12-18 02:00
The spending of China's rich 2012-12-17 09:26
Luxury goods' prices rising in the mainland 2013-01-15 01:45
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |