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The China Edit | Luxury Retailers' Hope for Chinese New Year, the False Brexit Boom

This week, luxury retailers' optimism for strong sales in the Year of the Rooster and why fewer Chinese tourists visited the United Kingdom after the referendum.
Chinese Lunar New Year window display | Source: Shutterstock
By
  • Edwin Jiang

"Luxury Retailers Hope Chinese New Year Tourists Will Leave Them Crowing" (The Guardian)
"Brand outlets hope weak pound, extra flights from China and easing of visa system will drive sales and fill the tills over the year of the rooster"

"Brexit: The Chinese Tourist Boom That Wasn't" (Jing Daily)
"According to the latest visitor data from Visit Britain, which covers the first three quarters of 2016, fewer Chinese tourists visited the United Kingdom in the period after the referendum than last year.

"Alibaba Raises Forecast as Chinese Consumers Continue to Spend" (Bloomberg)
"Alibaba Group Holding Ltd. raised its full-year sales forecast after quarterly results beat estimates, as Chinese spending stays strong and the company wrings revenue from fledging areas such as cloud computing, entertainment and search."

"Is This the Chinese Luxury Mall of the Future?" (Jing Daily)
"There is a uniqueness that sets [Xintiandi Style] apart from many others in downtown Shanghai: almost all of the brands are Chinese."

"Gold Goes Cold Turkey as Chinese Stop Buying for Year of Rooster" (Bloomberg)
"Gold is headed for its longest streak of losses since October as buying from China comes to a sudden stop ahead of the country's traditional week-long holiday to celebrate the Lunar New Year."

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