Poverty in India Bihar, Jharkhand and West Bengal, were dedicated to producing poppy and opium, which were then exported to southeast and east Asia particularly China, with the trade an exclusive monopoly first of East India Company, and later the colonial British institutions. The economic importance of this shift from industry to agriculture in India was large; by 1850, it created nearly 1,000 square kilometres of poppy farms in India in its fertile Ganges plains, led to two opium wars in Asia, with the second opium war fought between 1856 and 1860. After China accepted opium trade, the colonial government dedicated more land
Luxury goods of China retail sales of luxury consumer goods; however, Chinese buyers account for 25% of global retail sales of luxury consumer goods. Many shops in international travel destinations have specialized staff devoted to Chinese customers. According to 2007 Global Luxury Survey by "Time" magazine, most luxury goods buyers in China buy luxury products as a status symbol. The top five luxury watch brands in the country are Rolex, Omega, Cartier, Vacheron Constantin, and Breitling. In a confidential report titled ""China Luxury Market study 2010"" in November 2010, the management consulting firm Bain & Company noted the top three luxury brands in China