Chinese travel overseas for luxury goods: survey
Updated: 2013-01-23 16:01
(Xinhua)
|
||||||||
HARBIN -- An increasing number of Chinese consumers are travelling overseas to buy luxury items, according to a survey released on Tuesday.
Research carried out by audit, tax and advisory firm KPMG found that the number of Chinese consumers travelling overseas increased to 71 percent of those surveyed in 2012, from 53 percent in 2008.
Among those who travel overseas, 72 percent said they purchased luxury items such as cosmetics, watches and bags, according to the survey.
About 1,200 Chinese consumers aged between 20 and 44 across 24 cities took part in the survey. The participants had a minimum household income of 7,500 yuan ($1,190) per month in first tier cities and 5,500 yuan elsewhere.
When buying cosmetics and perfume, 60 percent of respondents said Hong Kong, Taiwan and Macao were their top locations, compared with 43 percent in 2009. Europe saw a marked increase, up to 20 percent in 2012, from 3 percent in 2009.
Chinese consumers also distinguish among countries of origin and associate certain nations with particular products.
The survey highlights a strong association towards European heritage brands: Switzerland came top for watches, France for cosmetics, perfumes, clothes and bags, and Germany for cars, said Nick Debnam, Asia Pacific Chairman, Consumer Markets, KPMG China.
The survey results may lead to luxury companies adjusting their brand and marketing strategies for Chinese customers, Debnam added.
Middle-class Chinese snap up overseas luxury
China's 2012 tourism revenues to reach 2.6t yuan
Chinese shoppers spend up big abroad
Chinese tourists flock to Europe, US for holiday
China now biggest market for Jaguar Land Rover
Luxury goods' prices rising in the mainland
German brands reign in luxury market
Luxury int'l car brands running over Chinese trust
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |