Chinese Abroad Are Significant for Luxury Market: Strategist

11:20 AM ET Wed, 11 July 2012

"There are two markets in China for luxury goods, there is the Chinese market in China and then there are Chinese who are travelling all over the world and buying luxury, so there is this big market but no one quite knows what the dynamics of it are," Paul French, chief China market strategist at Mintel International, told CNBC.