China Progressing in Luxury Consumption, Yes or No?

China Progressing in Luxury Consumption, Yes or No?

Recently, I always see the news saying that a certain Chinese giant won the champion in luxury watch auction. Also, the mangers of luxury watch companies declared that more and more extravagant items will be launched to Chinese market. I am doubting weather China is in such a rapid development as it appears.

As a Chinese citizen, I should be proud for international status improvement of China. However, what I see is not like that. Around me, there are still a lot of people who have starvation problem which should deserve urgent settlement. Though I am reluctant to admit the reality, the gap of the rich and the poor is really becoming larger and larger. The nation progress depends on the progress of its people. As only as the living levels of all the citizens are improved, we can say that the country is in a progress. Since the rich or millionaires have extra money for luxury consumption, why not denote them to the funds for the needs of the poor people?

According to my understanding, luxury items like branded watches or designer handbags, watches like TAG Heuer Watches, Breitling Watches or fashion brand Michael Kors Watches are the privilege the rich. In other words, only you have abundant money left, then you can talk about luxury purchase. However, the fact is that the population of Chinese poor people takes a great proportion. That is to say, there are still numerous Chinese people in middle-class or low-class living level. Luxury watches for them are extra imagination in daily life but never truly owned. If they have to embellish themselves, they usually go to authentic watches instead. The reason is because only these imitation timepieces are affordable to them and greatly meet their needs in everyday life. It is not strange that there are a certain number of people are of great fortune. Some are even competitive to the world's richest persons. For personal interest, they may spend a large amount of money on just an original branded watch at limited edition in international auction. Such behavior may be considered the pride of Chinese people, but I never and will not. Personally, money should not be used like that because it can be used for other beneficial activities.

Anyhow, it is just my own point of view towards such issue. Different people have different opinions and world value. If they consider what they do is of value, they ca