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Fact #4 – China boasts one of the highest percentages of male hand bag carriers in the world. Whereas top brands like Gucci and Prada cater to women in Western countries, they are starting to realize the importance of targeting men here. The reason so many Chinese men carry expensive handbags is simple. The highest denominations of Ren Men Bi (Chinese Yuan) is 100. That is the equivalent of about $14. Checks aren't used and cash is. This means that large wads of cash are carried about as a must to conduct business. Wealthy businessmen buy these handbags to put in piles of cash. Also Chinese guys will cheerfully carry their wives or girlfriends purses and handbags. Sometimes you can catch sight of a burly gym rat carrying a bright red handbag with hearts on it, quite a sight!