The epidemic has curbed overseas travel for two years, but the spending enthusiasm of Chinese consumers has not vanished. Duty-free sales in China have witnessed a booming growth over recent years driven by shoppers who cannot travel abroad.
Around 21 percent of the global consumer spending on luxury goods came from the Chinese mainland in 2021 and China is expected to become the world s largest luxury market by 2025, according to the global management consulting firm Bain & Company.
SHANGHAI, Jan. 21 (Xinhua) Around 21 percent of the global consumer spending on luxury goods came from the Chinese mainland in 2021 and China is expected to