Re: A surprising set of numbers..
DC did Hongkong finally become the new shopping paradise for Chinese people ?
I have heard that there is a huge run on organized tours ?
Cheers
Arno
www.heuerchronographs.com
: Agree with you Mark that tourist numbers skew the picture- but
: having said that, there is no doubt that the propensity of
: locals here to spend large amounts of cash on luxury goods is
: astronomical. There is one of the world's largest Louis Vuitton
: stores in Kowloon that last year (pre-crash) would have people
: queuing outside to get in- not for any special event, just a
: normal Saturday.
: We live in small flats here- and many people don't have cars...so
: what else do you spend your post-tax (tax rate: 15%) income on?
: My secretary has three LV bags!
: So , yes I agree that tourist numbers are a factor, but I think
: even if you adjusted for these you would still be blown away by
: the difference.
