1. LINE

      Text:AAAPrint
      Economy

      Chinese outbound tourists 'walking wallets'

      1
      2016-08-12 08:45China Daily Editor: Xu Shanshan
      Chinese shoppers choose cosmetics products at a duty free shop in Seoul, South Korea. (ZHU XINGXIN/CHINA DAILY)

      Chinese shoppers choose cosmetics products at a duty free shop in Seoul, South Korea. (ZHU XINGXIN/CHINA DAILY)

      Buy, buy, buy! Shopping is not the only purpose that Chinese people travel abroad, but it is reality that outbound travelers are spending huge to buy products from daily necessities to luxury items.

      According to Chinese International Travel Monitor 2016, the per capita spending of Chinese outbound travelers hit 22,592 yuan ($3,370) in 2015. The number of outbound travelers is expected to reach 200 million in 2020, up from about 100 million in 2014, said the China National Tourism Administration.

      Not long ago, I was lucky to witness my fellow citizens' shopping in South Korea during a short trip to Seoul with my family members, and I was shocked. I found that Chinese tourists like to buy South Korean cosmetics the most.

      Some travelers told me that South Korean companies' cosmetics are the same quality as those made by their Japanese and French peers, but the prices are lower.

      Take creams and face masks for example-those products keep Chinese shoppers coming back every day at the Lotte Duty Free Shop in Seoul. Brands such as Etude House and It's Skin are popular with them.

      Creams made of snail slime and sea-kelp face masks might not seem to be big money-spinners, but they are exactly the kinds of products that had made South Korean cosmetics makers some of the nation's hottest investments.

      But, it takes more than cool packaging and heavy discounting to keep Chinese shoppers, their biggest customers, happy.

      According to a recent Bloomberg report, the two biggest players-Amorepacific, whose brands include Innisfree and Sulwhasoo, and LG Household, which owns The Face Shop-control about 60 percent of the South Korean market, but there is no shortage of other smaller companies, like privately held Nature Republic or recently listed It's Skin, nipping at their heels.

      Other than South Koreans, Chinese consumers are the biggest buyers and have turned away from Japanese cosmetics as the yen climbs.

      Over the past few years, stock prices of South Korea's top cosmetics producers have soared as consumers snapped up lotions made famous by hugely popular K-Pop artists. Amorepacific, whose shares are up 144 percent since July 2014, has buy recommendations from 33 analysts, largely on the back of sales to Chinese tourists and rising exports, Bloomberg said.

      Both Japan and South Korea see Chinese tourists as a major powerhouse to drive up their economies. They are described by Western media as "walking wallets".

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 无码人妻AV免费一区二区三区| 亚洲av日韩av激情亚洲| 国产精品免费观看久久| 欧美最猛性xxxxx免费| 亚洲美女在线观看播放| 亚洲AV一二三区成人影片| 亚洲熟女综合一区二区三区| 立即播放免费毛片一级| 特级无码毛片免费视频| 精品国产sm捆绑最大网免费站| 日韩高清免费在线观看| 国产精品亚洲A∨天堂不卡| 亚洲午夜电影一区二区三区| 高h视频在线免费观看| 免费a级毛片18以上观看精品| 国产亚洲婷婷香蕉久久精品| 91视频免费观看高清观看完整| 无码中文字幕av免费放| 亚洲人成色77777| 亚洲精华国产精华精华液| AAA日本高清在线播放免费观看| 免费无码又爽又高潮视频| 亚洲第一福利视频| 182tv免费观看在线视频| 亚洲性色高清完整版在线观看| 乱爱性全过程免费视频| 日韩版码免费福利视频| 亚洲视频一区调教| 高清永久免费观看| 国产免费私拍一区二区三区 | 无码AV片在线观看免费| 亚洲另类视频在线观看| 四虎永久免费地址在线观看| 成人免费777777被爆出| 亚洲精品在线视频观看| 一区二区免费视频| 午夜亚洲av永久无码精品| 亚洲神级电影国语版| 国产福利免费在线观看| 亚洲午夜无码久久久久小说| 亚洲日本一区二区一本一道|