Having already reshaped the global luxury tourism and hotel market in their own particular way, China's growing legion of outbound tourists is set to grow far larger in the next several years.

One of Jing Daily's favorite Chinese design duos, X+Q, recently teamed up with purveyor of luxury luggage, Globe-Trotter, for a special collection available exclusively at Lane Crawford.

American designer Rebecca Minkoff certainly knows where the balance of power lies in the global luxury market.

Aided by ramped-up marketing efforts and more efficient visa procedures, Chinese tourism to the United States is expected to rise some 13 percent this year, pushing arrivals from 1.5 million last year to the upper end of 1.7 million in 2013.

Whisky makers and cashmere labels, golf evangelists and salmon salesmen aren't the only ones angling to get a bigger piece of the China market.