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brown prada boots fastest growing luxury market."I have two Louis Vuitton handbags but I no longer carry them although they are still in fashion," said Ms. Liu, a 31 year old employee at a multinational cosmetics firm."I don't think the brand fits me any more."More than a decade of strong economic growth has helped swell the disposable incomes of millions of Chinese, creating legions of men and women with a voracious appetite for status symbols regardless of the cost. economy faltered, mainland Chinese shoppers spent an estimated 111 billion yuan US$18 billion on luxury goods, according to consultants Bain Co.China is the world's third biggest market for personal luxury goods, worth at least 160 billion yuan US$25 billion. In the next three years, it is expected to leapfrog over Japan and the United States to take the top spot, with the luxury segment expanding to 180 billion yuan US$28 billion.RelatedChina 'instant buildings' seeking to be pioneer in shoddy construction sectorPlay Taxi imports Touchmedia's mobile ad technology from China to CanadaWine from Gobi desert takes aim at China's growing thirstAs it grows, the market is also maturing, moving from so called aspirational luxury, where bling is king, to what experts call absolute luxury: the desire to be seen as both wealthy and discerning."In the past, it was just a checklist. If you were one of the top five brands out of some magazine, you found that people in China just checked the checklist and bought according to the list," said Vincent Liu, partner at Boston Consulting Group."Going forward, people will be more selective. They know what and where and when to use what brands and products."For sophisticated consumers like Ms. Liu, that means purchases such as a US$2,000 Chanel mini bag and a Prada clutch. She's also eyeing a coral lambskin bag from Bottega Veneta, the Italian fashion house renowned for its signature woven leather goods."The truly wealthy, the real millionaires, they will not want to buy LV Louis Vuitton or Gucci because they are too commonplace," said Shaun Rein, managing director, China Market Research Group. "Rich people are getting richer and they want exclusiveness and more self indulgence."China's