Competitor analysis Undoubtedly, the downturn of China’s recent economy has curbed demand for haute couture and other high-end industry. Still, over the next three years, China’s luxury market is expected to double to more than $24 billion, taking up around 20% of the global luxury market. Sheguang Hu is a one of the Chinese brands that stands for China’s couture designers and homegrown brands are stepping out on the international stage. There are many other designers with Chinese background –