Guests drink champagne as they wait for the start of a fashion show held at the Ming Dynasty City Wall Relics Park in Beijing June 21, 2013. Chinese shoppers account for one-fourth of all luxury ... more 
Guests drink champagne as they wait for the start of a fashion show held at the Ming Dynasty City Wall Relics Park in Beijing June 21, 2013. Chinese shoppers account for one-fourth of all luxury purchases globally and last year surpassed U.S. consumers to become the world's top spenders on luxury goods, according to consulting firm Bain & Co. China has pledged to double household incomes over the coming decade in a bid to close a wealth gap so wide it threatens social stability. Although the proportion of extreme poverty has fallen over recent decades, about 12 percent of the country's 1.3 billion people still live on less than $1.25 per day, according to a 2013 United Nations report. Picture taken on June 21, 2013. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS SOCIETY WEALTH) less 
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Reuters | Photo By KIM KYUNG-HOON / REUTERS
Thu, Sep 5, 2013 5:13 AM EDT