A Gucci store in Hong Kong. With tourism still on pause, Chinese expats, who account for more than 18 per cent of Hong Kong’s 7.2 million residents, are expected to make a significant contribution to the city’s economy. Photo: Antony Dickson
Hong Kong’s mainland Chinese expats could be spending about US$903 million a month on luxury goods, boosting economy in absence of tourists
- An estimated 351,000 mainlanders could potentially be shelling out HK$7.02 billion a month on luxury handbags and other expensive items in the city, EternityX survey suggests
- Spending seen as boosting city’s economy, which has been battered by protests and the pandemic
A Gucci store in Hong Kong. With tourism still on pause, Chinese expats, who account for more than 18 per cent of Hong Kong’s 7.2 million residents, are expected to make a significant contribution to the city’s economy. Photo: Antony Dickson
