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: 色费女人18女人毛片免费视频| 亚洲va精品中文字幕| 水蜜桃亚洲一二三四在线| 亚洲狠狠久久综合一区77777| 亚洲精品午夜在线观看| 国产精品亚洲精品观看不卡| 久久久亚洲精华液精华液精华液| 大片免费观看92在线视频线视频| a级毛片高清免费视频就| 国产va在线观看免费| 国色精品卡一卡2卡3卡4卡免费| 日韩精品无码人妻免费视频| 亚洲色婷婷综合开心网| 亚洲AV成人精品网站在线播放| 久久精品国产亚洲AV久| 添bbb免费观看高清视频| 华人在线精品免费观看| 无码av免费毛片一区二区| 国产又黄又爽又刺激的免费网址 | 国产精品日本亚洲777| av电影在线免费看| 精品无码无人网站免费视频| 日韩免费高清一级毛片在线| 在线亚洲午夜理论AV大片| 亚洲字幕在线观看| 免费国产va视频永久在线观看| 无码人妻精品中文字幕免费 | 久久成人免费大片| 处破痛哭A√18成年片免费| 亚洲午夜无码久久久久| 亚洲 欧洲 日韩 综合在线| 国产99久久久久久免费看| 免费国产成人高清在线观看网站| 亚洲Av无码乱码在线观看性色 | 国产精品亚洲自在线播放页码| 免费无码午夜福利片69| 最近2018中文字幕免费视频| 亚洲AV网站在线观看| 亚洲导航深夜福利| 99精品免费视频| 日本免费中文字幕在线看|