Wall Street Journal’s wealth editor Wei Gu discusses with luxury goods veteran Francis Gouten the current slowdown in luxury good sales, and how brands should refocus. Since only a wealthy 3 percent of the Chinese buyers have a passport, Milan and Paris should focus on them, not the large masses. Without giving discounts.
What do Chinese tourists want, is the title of next week’s China Weekly Hangout, focusing on New Zealand, Australia, Asia and Europe. Since only 3 percent of the Chinese hold a passport, the tourists who come to your country have some very special characteristics. You can read our announcement here, and register here for participation.
The China Weekly Hangout discusses weekly current affairs in China with a global audience. Here moderator Fons Tuinstra of the China Speakers Bureau gives a short introduction.