Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters
Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters

Forget the overseas holiday, Chinese consumers will soon shop at home for half of all luxury goods they buy, says HSBC

  • Falling prices for luxury goods in China are leading to a shift in shopping culture

  • Domestic outlays for luxury goods are estimated to grow 12 per cent this year

Topic |   China economy
Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters
Mainland Chinese visitors wait outside a luxury store at a shopping district in Hong Kong on March 19, 2015. Photo: Reuters
READ FULL ARTICLE