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Leading cities in terms of total luxury consumption in China in 2023 (in billion yuan)

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Sources

Release date

January 2024

Region

China

Survey time period

2023

Supplementary notes

Figures have been rounded.

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of March 2024).

Citation formats

Leading luxury consumption cities China 2023

Published by
Bruna Rocco,
Mar 18, 2024

In 2023, Shanghai became the largest luxury market in China, with a total consumption of about **** billion yuan. Beijing ranked the second with **** billion yuan. Hangzhou took the fourth place in this ranking, but ranked first in terms of average luxury consumption.

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