China begins its annual “golden week” holiday a week with retailers from London to New York to Sydney hoping to cash in on a bonanza of globetrotting Chinese shoppers, who enjoy this week where factories curtail production to allow their workers a full seven days off work. Over a 100 million Chinese are expected to travel home to their families, hitting the railways, roads and airlines. UK retailers, in particular, are hoping for a boost from Chinese tourists on post-Brexit shopping sprees over this golden week. They are being attracted to UK high street stores by the sharp fall in the pound following the referendum vote.
China begins its annual “golden week” holiday this week with retailers from London to New York to Sydney hoping to cash in on a bonanza of globetrotting Chinese shoppers, who enjoy a week where factories curtail production to allow their workers a full seven days off work. Over a 100 million Chinese are expected to travel home to their families, hitting the railways, roads and airlines. UK retailers, in particular, are hoping for a boost from Chinese tourists on post-Brexit shopping sprees over this golden week. They are being attracted to UK high street stores by the sharp fall in the pound following the referendum vote.