By  on December 8, 2017

LONDON — Chinese Millennial and Generation Z consumers are set to become the biggest driving force in luxury consumption by 2025.

According to the latest report by the Chinese luxury retailer Secoo and the data company Tencent, Millennial and Generation Z consumers will account for 50 percent of the country’s discretionary disposable income. Currently, 48 percent of China’s luxury shoppers are under 30 and they account for 34 percent of the country’s disposable income.

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