China’s super rich are expected to spend up to US$58 billion by 2020, on gifts such as this matte white Himalaya Niloticus crocodile skin diamond-embellished Birkin bag, to family, friends, business partners and themselves. Photo: AFP

China’s super rich to spend US$58 billion on gifting by 2020

The super-rich are expected to snap up 30 per cent more gifts in 2020, up from 300 billion yuan for 2017, on traditional luxury goods to unique experiences

Topic |   Luxury in China

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China’s super rich are expected to spend up to US$58 billion by 2020, on gifts such as this matte white Himalaya Niloticus crocodile skin diamond-embellished Birkin bag, to family, friends, business partners and themselves. Photo: AFP
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