Welcome to the age of the Asian consumer: an era in which an increasingly affluent and growing middle class transforms manufacturing and infrastructure in Asia with huge ramifications for the global economy.
To take advantage of growing consumer wealth and tap demand for luxury goods, global brands such as Prada have expanded in Asia, the biggest contributor to world economic growth over the past decade.
But the consumer story that has developed in recent years will play out over coming decades and will be reflected not just in retail, but increasingly in travel, a change in the manufacturing base and infrastructure as well, analysts said.
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"The rise of the Asian consumer is a major factor in the world economy -- you can see it in terms of luxury goods, travel, the resorts that you see, their occupancy, and airports," says Quincy Krosby, a market strategist at Prudential Financial, based in Newark, New Jersey.
"The entire infrastructure for the consumer is growing throughout Asia," she adds.