Views: 3246|Replies: 17

China's luxury spending to boost domestic sales: Fitch [Copy link] 中文

Rank: 4

Post time 2017-2-6 19:35:24 |Display all floors
This post was edited by Fllyingfish at 2017-2-6 19:39

                    
                    

Reports from international brands such as Coach, Swatch and LVMH suggest luxury spending in China is beginning to pick up after a few difficult years caused by China's anti-corruption campaign and weak consumer sentiment, according to Fitch.


The Fitch report said that the stronger sales were driven by a wealth effect caused by higher property prices in China, a narrower gap between domestic and international prices and a decline overseas purchases.


The signs of recovery in luxury spending could provide some relief for Chinese mid and high-end retailers such as Golden Eagle and Hendgeli, Fitch said.


A weaker Chinese yuan and tighter government restrictions on "daigou" - buying on behalf of a third-party for a fee -- also made overseas purchases less attractive to Chinese luxury-goods shoppers.

               

http://www.shanghaidaily.com/business/Chinas-luxury-spending-to-boost-domestic-sales-Fitch/shdaily.shtml
               

Use magic tools Report

Rank: 4

Post time 2017-2-6 19:35:42 |Display all floors
Welcome to China!

Use magic tools Report

2018 Most Popular Member 2018 Most Popular Member 2016 Most Popular Member Medal Gold Medal

Post time 2017-2-7 00:46:17 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2017-2-7 02:12:12 |Display all floors
seneca Post time: 2017-2-7 00:46
International businesses are well advised to becautious when entering the Mainland Chinese market. T ...

'In' Somnia? or 'In' Some other country?

Use magic tools Report

2018 Most Popular Member 2018 Most Popular Member 2016 Most Popular Member Medal Gold Medal

Post time 2017-2-7 04:08:34 |Display all floors
Reminder: Author is prohibited or removed, and content is automatically blocked

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2017-2-7 05:17:29 |Display all floors
seneca Post time: 2017-2-7 04:08
I am in Qatar. Terrible sleeping disorder due to jetlag...

I have only been in the business class lounge and never entered Qatar. Not sure I'd want to really

Use magic tools Report

Rank: 7Rank: 7Rank: 7

2018 Most Popular Member 2016 Most Popular Member Glod Medal 2015 Most Popular Member 2012's Best Moderator Medal of honor August's Best Contributor 2012 July's Best Contributor 2012 Gold Medal

Post time 2017-2-7 05:19:56 |Display all floors
seneca Post time: 2017-2-7 04:08
I am in Qatar. Terrible sleeping disorder due to jetlag...

And Jetlag to Qatar from CH  

PULL THE OTHER ONE

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.