By  on March 31, 2010

SHANGHAI — Industry leaders and local government officials discussed their outlook for the Chinese luxury goods market at a conference over the weekend, touching on a range of topics such as the untapped potential of third- and fourth-tier cities and whether Chinese consumers are ready to accept Chinese made luxury products.

“The whole world is confused. How can a poor country like China surpass Japan in the luxury market sector? Is this sustainable?” asked Wang Depei, the vice chairman of China’s Economic System Reform Research Association.

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