The Hu Era, in Pictures

In 10 years under Hu Jintao, China has changed to an extent unprecedented in history.

BY ALICIA P.Q. WITTMEYER | NOVEMBER 7, 2012

Consumer spending in China has enjoyed double-digit growth for the past decade. It's come in the form of spending on luxury goods like name-brand shoes and clothing -- the World Luxury Association in their 2011 annual report predicted China would replace Japan as the world's top consumer of luxury goods this year -- and on travel: nearly 39 million mainland Chinese headed overseas in the first half of this year, double the number from 5 years ago. Analysts say the consumer market in China is still polarized between a superrich class taking shopping trips to Europe and an emerging middle class spending between $10 and $100 a day on average.

Above, Chinese women walk past a Prada store in Beijing in June 2012.

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