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Scoop.it!
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"Tourism revenue up 16.1 per cent at US$17.5 billion as traveller numbers rise 13.7 per cent ..." 
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"Luxury brands are concerned about China.While luxury-hungry consumers in the east Asian nation have significantly boosted demand for this segment over the past several years, a handful of factors – ranging from the uncertainly surrounding U.S./China trade talks to the government’s continued attempt..."
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"New study predicts consumers will be spending a staggering US$1.8 trillion yearly by 2021 on their daily essentials and lifestyles ..."
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"US retailers and brands are being advised to upgrade their Chinese consumer strategies and tactics and heed changes in market factors, such as currency exchange rates, to court Chinese travelers, the world's largest group of spenders ..."
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"Broader cultural shifts in attitudes toward spending in China could very well be playing a major role in China’s growing debt problem. Recent estimates of total ..."
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"Consumer data can help retailers uncover sizeable new opportunities in China’s luxury market, says David Zhao of Shangpin.com ..."
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"Despite the slowdown in spending and the governments crackdown on luxury giving consumer confidence remains high ..."
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"Chinese tourists are seeking out holiday experiences that can be shared on social media..."
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"More than 7 million Chinese tourists are expected to travel abroad during the Lunar New Year, and those travelers are booking luxury experiences ..."
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"Payment companies are predicting a huge spike in shopping transactions as Chinese tourists descend on British stores during the Lunar New Year, and retailers are responding with a host of deals and promotions ..."
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"Younger millennials don’t want to simply fit in with the mainstream ..."
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""In January 2016 Sedgwick Richardson conducted a market study capturing the feedback of some 350 people in Shenzhen and Hong Kong. Among them equal-size groups of Chinese, Hong Kong and international respondents. According to our findings, in the Year of the Monkey ‘Travel’, ‘Sport & Fitness’ and ‘Eating & Dining’ are on the top of Chinese and international consumers’ minds when it comes to spending more money.
Click for more details on which industries can expect a happy year of the monkey and which ones may suffer."
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"Average spending by China's wealthiest people declined by 15% over the last year while the amount they spent on gift-giving has fallen by as much as 25%, the latest survey of China's high net worth individuals has found ..."
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