Almeida was a general surgeon and Fellow of the American

According to a report published earlier this year by McKinsey, the “middle class aspirant” is a rapidly growing segment of luxury goods consumers in China. Predominantly lower middle class, this group must save up money in order to afford luxury products, which are prohibitively expensive relative to their incomes. Although their purchases are infrequent and account for only 10% of the total value of luxury purchases, they are 51% of the luxury customer base.

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