It will be good news ifChina overtakes the US as the world’s top consumer market.But when it comes toChina passing the US as the world’s second-largest luxury market, there are mixed reactions.
The latest statistics indicate that world-famous luxury brands have seen a steady growth in sales in theChinese market, while other parts of the world have suffered a major slump. In the first seven months of this year,BMW has seen a 19 percent plunge in its worldwide sales, but a 26 percent increase inChinA、China has become the world’s second biggest consumer of luxury goods, and will likely be No. 1 in 2015. Luxury is a double-edged sworD、As German economist and sociologist Sombart wrote in his classic Luxury andCapitalism, luxury is "any expenditure in excess of the necessary". He stated that luxury drives the economy and generates urbanization, and at the same time, serves as one of the inherent limits behind the haunting economic crisis cycles. While the two sides of the luxury coin remain to be seen inChina, the world’s fastest-growing luxury market has started to demonstrate its own nature. On the one hand, strong demand for luxury goods, showing the presence of accumulated social wealth, will help propel economy.But on the other hand, twoChinese-style luxury market risks have posed severe tests for the emerging luxury industry: corruption and a social trend to chase luxury. InChina, it’s not unusual for buyers of luxury goods not to be the end users. Luxury goods are often gifts. In a corruption case, 200 pairs of luxury shoes, 100 luxury suits and one luxury car were confiscated from the home of an official inChongqing. That’s not the only danger lurking inChinese luxury market. Saying farewell to the era of "the poorer, the more glorious", manyChinese people have gone to the other extreme of worshiping money as the new goD、A、white-collar worker who earns 0nly 3 000 yuan ( $ 439) a month is often seen wearing aCartier watch, or a Gucci bag. The poor are often disdained as losers of competition, and the display of wealth to mark success has become a lifestyle many people aim for. What is the author’s main purpose in writing this essay A、To criticize manyChinese for not holding traditional values. B、To explain a new tendency inChina’s economic development. C、To sound a warning on the hidden dangers ofChinese luxury market. D、To introduce German economist Sombart’s classic Luxury andCapitalism.