Chart of the day: conspicuous consumption in Hong Kong

Conspicuous consumption in Hong Kong is nothing terribly surprising if you have visited the territory’s luxury handbag exchanges a la Milan Station; but the South China Morning Post had interesting research about how this had progressed since 1997.
Hong Kong affluent consumption survey
Consumption amongst the affluent has grown steadly through boom and bust; in particular, financial products, luxury watches and televisions.

More information

Rich splash the cash despite boom or bust | SCMP.com (paywall)