China shoppers ring luxury tills from London to New York

SHANGHAI/NEW YORK (Reuters) – Fang Ying’s December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Over two-thirds of luxury spending by mainland Chinese was made overseas in 2013, an increase from 2012, according to the China Luxury Market Study from consultancy firm Bain & Company released on Monday. Chinese shoppers often wait for trips abroad, plan shopping sprees to Hong Kong or get friends or specialist “daigou” agencies to bring back luxury items from overseas because they are often cheaper due to China’s high import taxes. “Sometimes I’ll go to a China store and look online for details about things I’ve liked, or try something on for size I’ve seen online.

    

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