A new report says one quarter of the world's luxury goods were consumed by Chinese last year. And in the next five years, China is expected to be the largest consumer of luxury goods. Robert Polet, the CEO of Gucci, has been quoted as saying China will replace the United States as the second largest luxury products consumer next year. Insiders expect the Chinese to consume nearly 15 billion US dollars worth of luxury goods during the next five years. Statistics show Chinese consumers purchase luxury products when they travel overseas. Tourism operators say, when Chinese book tours to Europe, nearly all request some time to shop in luxury stores. Our researcher KEVIN JIA has been looking into online reaction to this story and we can join him now in the news room.