Luxury brands have systematically been overcharging their Chinese customers by a margin of over 60%, tells WSJ wealth editor Wei Gu. They blamed high import taxes for the difference with prices in Paris, but also China-produced luxury cars are 64% more expensive than abroad.
France, followed by the USA, offer luxury products far more cheaper, although growing internet savvy buyers get more transparency, now they can compare prices online.
Wei Gu is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers’ request form.