People queue up to enter a Gucci store at the Sanya international duty-free shopping complex, in Hainan province, on August 27, 2020. Photo: Reuters
People queue up to enter a Gucci store at the Sanya international duty-free shopping complex, in Hainan province, on August 27, 2020. Photo: Reuters
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

Chinese love of luxury remains strong, but shoppers are ditching London and Paris for home-grown brands

  • Pandemic restrictions and geopolitical tremors mean Chinese consumers are no longer travelling abroad for luxury goods, but demand has far from dried up
  • Instead, Europe and Hong Kong’s losses have been the mainland’s gain, with Hainan’s duty-free sales more than quadrupling in the past three years

People queue up to enter a Gucci store at the Sanya international duty-free shopping complex, in Hainan province, on August 27, 2020. Photo: Reuters
People queue up to enter a Gucci store at the Sanya international duty-free shopping complex, in Hainan province, on August 27, 2020. Photo: Reuters
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