Posted On 2016/02/17 By In Business, News, China Outbound, Luxury, Shopping With 609 Views

Chinese spend 1.2 trillion Yuan overseas in 2015

Chinese consumers spent 1.2 trillion yuan ($184 billion) overseas last year, with over 60 percent going to luxury goods, according to an estimate by Fortune Character, a luxury market consultancy.

Chinese spent $116.8 billion on luxury products last year, accounting for 46 percent of theworld’s luxury sales, said the firm.

Nearly 80 percent of the luxury purchases happened abroad as price difference in products such as alcohol and watches can be more than 80 percent, the Fortune Character said.

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Article: China Daily / Image: C Foulger

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David Lee, educated in Denmark, China and the UK, gained extensive work experience with NGOs (Int"l Red Cross and UNESCO) as well as in the fields of training and education. He is part of BMG's China office and supports services like translation, localization, market research and analysis as well as social media planning and management. David also has in-depth insight into the Chinese travel, shopping and luxury market, paired with creativity, business acumen and a passion for Social Media.

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