China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips

The coronavirus presented affluent families in China with a new challenge last year: just how were they going to spend some 350 billion yuan (US$54 billion) of disposal income on luxury items like jewellery and watches with overseas travel and shopping…

The coronavirus presented affluent families in China with a new challenge last year: just how were they going to spend some 350 billion yuan (US$54 billion) of disposal income on luxury items like jewellery and watches with overseas travel and shopping virtually impossible.“Before the outbreak, we would travel abroad a lot every year, or even live for a while away from the mainland. Last year I turned to shop more for watches, diamonds and gold to compensate for the regret for not being able to…

This post was originally published on South China Morning Post.


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He Huifeng | radiofree.asia (2021-10-27T12:51:49+00:00) » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips. Retrieved from https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/.
MLA
" » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips." He Huifeng | radiofree.asia - Saturday January 16, 2021, https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/
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He Huifeng | radiofree.asia Saturday January 16, 2021 » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips., viewed 2021-10-27T12:51:49+00:00,<https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/>
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He Huifeng | radiofree.asia - » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips. [Internet]. [Accessed 2021-10-27T12:51:49+00:00]. Available from: https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/
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" » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips." He Huifeng | radiofree.asia - Accessed 2021-10-27T12:51:49+00:00. https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/
IEEE
" » China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips." He Huifeng | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/. [Accessed: 2021-10-27T12:51:49+00:00]
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» China’s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips | He Huifeng | radiofree.asia | https://radiofree.asia/2021/01/16/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips/ | 2021-10-27T12:51:49+00:00
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