CAN CHINA’S GOVERNMENT ‘REPATRIATE’ ITS CITIZENS’ LUXURY SPENDING? From duty-free shops to customs crackdowns, the Chinese government has been on a mission over the past year to encourage its luxury shoppers to keep their shopping sprees at home, despite the high prices that are encouraging them to shop abroad. As high tariffs on imported goods…
Chinese Consumers are Still Spending Despite Economic Woes As China’s economic growth slows and its stock market remains turbulent, consumers are still willing to spend as confidence remains high, according to recent data. Nielsen’s newly released “China Consumer Confidence Index” for Q4 of 2015 find that Chinese consumer confidence actually went up a point…
Japan Rises as Asia’s Leader for Chinese Luxury Spending Growth Read more at http://jingdaily.com/japan-rises-as-asias-leader-for-chinese-luxury-spending-growth/#.VkrsHF7D9Zs As mainland China’s luxury consumers continue to shun one-favorite shopping destination Hong Kong, Japan has emerged as a key locale for Chinese traveler-driven sales growth in 2015. Last week, Hermès reported that Japan was the source of its highest sales growth…