And while some sit behind the wheels of their new luxury replica watches uk, others are taking to the seas. in consumption of luxury goods, according to World Luxury Association data. And the fourth-largest population of the world wealthy will live in China by the rolex replica, says a mid-July report by McKinsey, titled, China Wealthy. According to the report, as of 2008, there were 1.6 million families in China with household incomes of over US$80,000. By 2015, Louis vuitton estimates that number will jump to 4.4 million, growing by up to 16% per year over the next five to seven years. luxury sector will benefit most if this trend continues, says Jeremy Cheung, managing director of China luxury consultancy Impact hublot replica. In response to continued and growing sales, luxury brands are investing in China. French fashion brand Hermes announced plans late last year to open three to four new stores across the country during the next three years. Italian fashion house Versace is investing more than US$56 million to increase its presence in Asia, with louis vuitton replica on China, and is slated to open 11 new stores across the region this year, according to statements by former chief executive Giancarlo Di Risio. The company gave its first fashion show in louis vuitton replica in November last year, at Beijing Legation Quarter, the former residence of the American ambassador that has been turned into one of cartier replica trendiest venues.