{"id":9105,"date":"2021-01-16T04:30:06","date_gmt":"2021-01-16T04:30:06","guid":{"rendered":"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3117850\/chinas-rich-spent-us54-billion-home-luxury-goods-last-year"},"modified":"2021-01-16T04:30:06","modified_gmt":"2021-01-16T04:30:06","slug":"chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/16\/chinas-rich-spent-us54-billion-at-home-on-luxury-goods-last-year-with-coronavirus-halting-overseas-trips\/","title":{"rendered":"China\u2019s rich spent US$54 billion at home on luxury goods last year with coronavirus halting overseas trips"},"content":{"rendered":"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.\u201cBefore 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\u2026\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3117850\/chinas-rich-spent-us54-billion-home-luxury-goods-last-year\">South China Morning Post<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":916,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/9105"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/916"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=9105"}],"version-history":[{"count":2,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/9105\/revisions"}],"predecessor-version":[{"id":9129,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/9105\/revisions\/9129"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=9105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=9105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=9105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}