Pursuits
Wealthy Chinese Value Luxury Craft Over Bling, Study Says
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Craftsmanship ranks highest among words wealthy Chinese choose to define luxury, according to Mintel, underscoring changing tastes among big spenders.
Almost two-thirds of urban Chinese put the term ahead of “expensive” and “status,” the market-research company said in a study released today. The portion rises to 71 percent for those with monthly household income of more than 25,000 yuan ($4,000), Mintel estimates.