Considered consumption
China Daily | Updated: 2012-02-07 08:23
Chinese-speaking sales assistants and point of sales terminals for China Unionpay are already standard requirements for the top department stores in London and New York, popular destinations for Chinese tourists. The question is should we be proud of or worried about it.
The latest data released by the World Luxury Association on Feb 1 indicates that Chinese consumers' expenditure on luxury goods overseas during the Spring Festival holiday increased nearly 33 percent year-on-year.
Mainland consumers now account for almost two-thirds of luxury consumers in Europe, Hong Kong, Macao and Taiwan, and one-third of luxury consumers in North America.
Photo
