- Changing tastes, not an anti-graft campaign, hurting China's luxury market
- Consumers prefer to spend their money on travel and art, says Shaun Rein
Shaun Rein is the managing director of China Market Research Group and the author of The End of Cheap China and The End of Copycat China. He appears as a guest on the latest episode of "On China" on CNN International. The opinions expressed here are solely his.
Shanghai (CNN)Over the past decade, Chinese consumers have been the largest buyers of luxury products in the world, accounting for around a third of all luxury purchases.