Economist: Chinese shoppers account for 6% of world’s consumer spending, but 20% of global luxury goods sales

MOST shop windows proudly showcase what can be bought inside. The window of the Silk Street Market, a touristy shopping centre in Beijing, is a bit different. It displays a pair of official notices advertising what cannot be bought inside. These non-offerings include luxury brands such as Prada, Louis Vuitton and Burberry. The notices are meant to save customers from buying fakes unwittingly. But many still buy them wittingly. You [...]