Chinese shoppers' spending on luxury goods abroad increased by 10% last year , according to new research from management consultants Bain & This resulted in a slowdown in China's overall luxury market, which dipped 2 percent to 113B RMB last year, driven by a decline in watches, men's wear and leather goods. Co. The " 2015 South Korea Luxury Market Study" included a survey of nearly 1,500 Chinese consumers and among key findings: overseas travel among shoppers increased by 32% from 2014 ; shoppers stayed away from Hong Kong and China favouring destinations such as Hong Kong , South Korea and Australia ; and there was a shift in shopping channels from " Bain & " overseas personal shoppers who buy luxury goods for customers in China , to cross-border and overseas websites, which accounted for ¥ 48bn of the ¥ Chinese luxury spend overseas.
Chinese shoppers' spending on luxury goods abroad increased by 10% last year , according to new research from management consultants Bain & Co. The " 2015 South Korea Luxury Market Study" included a survey of nearly 1,500 Chinese consumers and among key findings: overseas travel among shoppers increased by 32% from 2014 ; shoppers stayed away from Hong Kong and China favouring destinations such as Hong Kong , South Korea and Australia ; and there was a shift in shopping channels from " Bain & " overseas personal shoppers who buy luxury goods for customers in China , to cross-border and overseas websites, which accounted for ¥ 48bn of the ¥ Chinese luxury spend overseas.