By  on July 19, 2011

Chinese consumers are expected to continue to grow in strength and sophistication, tripling their annual expenditures on fashion by 2020 to 1.3 trillion yuan, or $200.7 billion at current exchange, according to a report from The Boston Consulting Group.

“It is not enough…for companies to assume that they can sit back and be buoyed along with the coming wave of growth,” cautioned the report, entitled “Dressing Up: Capturing the Dynamic Growth of China’s Fashion Market.” “Growth over the next 10 years will manifest itself in very different patterns from those of the past 10 years.”

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