Chinese consumers are shopper for luxury goods closer to home amid rising costs of overseas travel and a depreciating yuan. Shoppers visit an upmarket mall in Shanghai on October 25, 2016. Photo: Bloomberg

Chinese consumers are making a major pivot as the falling yuan dampens appetite for overseas shopping holidays

Outlays for luxury goods inside China are on the rise as enthusiasm for overseas shopping holidays wanes

Topic |   Luxury in China

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Chinese consumers are shopper for luxury goods closer to home amid rising costs of overseas travel and a depreciating yuan. Shoppers visit an upmarket mall in Shanghai on October 25, 2016. Photo: Bloomberg
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