Buying luxury goods, conversely, tends to be an endless cycle of one-upmanship, in which the neighbors have a fancy new car and — bingo! — now you want one, too, scholars say.
There are countless reports of double-digit growth rates in luxury goods, fast-food outlets and home furnishings to go along with the property boom.
The government has imposed strict controls over the import of luxury goods.
It is the antithesis of a boutique displaying luxury goods.
The luxury goods brand Louis Vuitton misled the public by suggesting its expensive leather bags were hand-made, according to the British advertising watchdog.
But there is also a "China price" at the top end of the market, as rich Chinese bid up the price of rare, luxury goods to levels that make western rivals go pale and slink out of the auction room.
Alongside this “selective extravagance” is the growth of “fractional ownership”: time-shares in luxury goods and services formerly available only to those paying full price.
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