Spending on luxury items for kids in China has grown by more than 20 percent over the past two years -- and is predicted to keep on growing as the country closes in on becoming the world's biggest market for luxury goods, a feat expected to happen by 2015.
Here's a look at where China's comfortably secure -- those whose average income is more than 500,000 yuan (63,000 euros) per year -- spend money on their children, and what items they mostly want to buy.
Where luxury goods for children are bought:
1. Shopping malls
2. Brand stores
3. Department stores
4. Online
5. Multi-brand stores
6. Airports
What luxury goods for children are bought:
1. Clothing
2. Toys
3. Skincare/babycare
4. Shoes and accessories
5. Electronics
6. Jewelry and watches*
*source - Albatross Global Solutions and Gouten Consulting
MS
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