China
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Shang Cheng Luxury Lifestyle

  • China currently has approximately 630 million users online in 2014 of which 81% are using mobile
  • China has the largest share of world internet users at approximately 22%
  • China’s approximate $8.22 trillion economy is now the second largest in the world
  • China’s population in 2012 was approximately 1.4 billion people and by 2020 it is expected to remain four times that of the U.S.
  • Chinese individuals and families are actively looking for education, immigration, legal services and healthcare as they consider relocation to North America and other regions around the world
  • Approximately 85% of China’s high-net-worth individuals (HNWI’s) want their children to receive their education overseas
  • Websites that are not registered in China may experience extremely slow load times due to out of country servers and or they may be completely blocked by the ‘Great Firewall of China’
  • Over 63 million Chinese have the wealth to invest in international residential and commercial real estate
  • An estimated 90 million individuals in China search online for property on a monthly basis
  • There is plenty of growth left in the Chinese luxury car market and it is expected to become the largest market for luxury car manufacturers by the end of 2017
  • China will account for approximately 20 percent, or 180 billion RMB ($27 billion), of global luxury sales in 2015
  • Hurun Chinese Millionaire Wealth Report 2013: 66% of Chinese HNWI’s list health as their second top concern after wealth management
  • Jones Lang LaSalle Global Capital Markets Research: From the second half of 2012 to the USD, a 66% increase from the last year
  • Hurun Chinese Millionaire Wealth Report, June 2014: Among the Chinese millionaires that have emigrated or plan to emigrate, 52% chose the US as their destination

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