Sentences with phrase «chinese luxury spending»

Not exact matches

Affluent Chinese spent $ 830 million on luxury goods in China — half of what they spend last year.

While spending on luxury at home was down, the Chinese spent big on luxury abroad.

Contrary to the «stereotype of Chinese tourists,» an increasing number of mainland travelers are now more willing to spend on experiences, with luxury hotels and unique travel services starting to form a larger expenditure item for many, according to Ctrip.

«The price gap is likely to remain substantial in the next two to three years,» the report said, «and assuming it does, Chinese spending on luxury goods will grow about as fast overseas as it will domestically.»

With an increasingly affluent and growing middle class, the Chinese are now more willing to spend on experiences and are back in the luxury market.

Forcing Chinese tourists to pay import taxes when they arrive home has the potential to limit their spending in Australia, where new luxury shops have opened to cater for the Chinese market.

Exports to China slipped by 7.6 per cent to $ 223 million as a combination of austerity measures imposed by the Chinese government to limit spending by government officials and organisations on luxury products, and a higher dollar, hit sales.