Women have traditionally been known as the big shoppers in luxury retail. But China is no traditional market. Men account for about 55 percent of China’s luxury goods market, much higher than the 40 percent global average, according to research firm CLSA. Furthermore, Chinese men are not only outspending Chinese women on luxury goods — 7 billion yuan ($1.1 billion) in 2010 versus 2.8 billion yuan according to Bain — they outspend them in many categories, reports China … [Read more...]