The United States was the largest consumer of luxury goods in the world before 20 12, which was based on the fact that the population of the United States was less than a quarter of that of China.

Now, because of the continued economic downturn in the United States, Americans have to consider giving up some luxury purchase plans, not not not buying them, but since the economic crisis in 2008, Americans have only debts in their pockets and really have no money.

Before 2008, a large number of people in the United States were in debt and had to use loans to shop in advance. Luxury stereos, luxury sports cars, antique cultural relics, luxury houses and even islands are all on the list of luxury goods bought by Americans, not to mention famous brands such as LV in China. Not only do new luxury bags and perfumes sell well, but also second-hand luxury goods are bought in large quantities by Americans to satisfy their vanity.

Now, China surpassed the United States to become the world's largest luxury consumer in 20 12 because,

China has a large population base. With a population four times that of the United States, the purchase of luxury goods has just surpassed that of the United States, which shows that China is relatively frugal.

Because of the persistent economic crisis, Americans really have no money. Unlike China, the sustained economic growth of more than 30 years has made a considerable number of people in China have a lot of cash and will naturally consume luxury goods.