Luxury brands profit from rise of the Chinese middle classes

The staggering rise in the price of raw materials, such as coal and iron ore in recent years shows the huge impact emerging countries like China, India and Russia are having on the global economy. However commodities, such as oil and gas, platinum and aluminium are not the only goods which China and other developing economies such as India and Russia need. After all, China and India are the two largest and fastest growing consumer markets in the world today. Basic products, such as toothbrushes, toothpaste, soap and shampoo are in high demand from the flourishing middle classes. As milli...