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.
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)