According to Credit Suisse’s luxury goods analyst Rogerio Fujimori, Chinese buyers now account for about a quarter of all global luxury goods sales. That's a larger share than any other country. But these days, the success or failure of a high-end brand in the country doesn't just depend on making sure that the label is prominent enough.

Like the Chinese economy itself, the country’s luxury goods sector has also  matured and their increasingly discerning consumers want more than just another logo-emblazoned designer handbag. In fact, as the latest China Luxury Survey reports that sales of these logo-heavy are starting to lag. According to Fujimori, labels like Bottega Veneta, Burberry, Chanel, Coach, Hermès, Tiffany, and Hong Kong-based Chow Tai Fook are now the ones who making an impact among local consumers.

If things continue this way, European fashion houses and other luxury purveyors will have to start shaping their future lines with Chinese consumers in mind if they want to thrive in the country. For more on this, read the full post via The Financialist