Although Kunming will never be a rich city like the coastal cities in the East and in 2012 only ranked 46 in GDP with 301 Billion RMB, luxury brands is still optimistic about the market in Kunming. Tobacco, tea, minerals and of course property has created a lot of real HNWI’s, according to the 2013 report of Hurun, Yunnan has 6,500 people with assets of over 10 Million RMB and 600 people having over 100 Million RMB. As the only megacity in Yunnan, all the wealthy people in the province travel to Kunming for shopping.

According to the analysis in ‘The 2013 H1 Brand Reach Review’, Kunming ranked top 15 in the brand density index in all 4 sectors, the highest being the luxury auto sector which ranked 7th…
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