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A recent Nielsen report indicates that 90% of mainland tourists going to Hong Kong mainly for the shopping. The numbers are increasing year by year. Chinese are now the largest group of overseas shoppers in many western countries, including the United States, France and the United Kingdom. According to retailers in the US, Chinese tourists usually purchase more than twice as much as other international visitors. China has the fastest growth rates of overseas purchasing in the world.
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  • (Xinhua)2017-10-16 13:00

    BEIJING - China's consumer inflation retreated mildly in September, weighed down by dropping food prices, while growth in factory-gate prices hit a six-month high on strong domestic demand for raw materials. The consumer price index (CPI) grew 1.6 percent year-on-year in September, slowing from Augu...

  • (Xinhua)2017-10-16 07:59

    A denizen of Changzhou, Jiangsu province, rents a bike of Changzhou Youon by scanning a QR code. [Photo provided to China Daily]Internet-based innovative firms ride tide of IT and fast-upgrading consumer demand BEIJING-Is there any connection between a jungle of seemingly discarded bikes crowding ...

  • (China Daily)2017-10-16 07:49

    Internet-based innovative firms ride tide of IT and fast-upgrading consumer demand BEIJING - Is there any connection between a jungle of seemingly discarded bikes crowding a suburban subway exit and the smell of money in the heart of the financial market? In China, there is. Riding the tide of bike-...

  • By Zhong Nan(China Daily)2017-10-16 07:48

    As the middle class goes affluent, Irene Lau sharpens Lane Crawford's focus on luxury retail in China Lane Crawford, one of the world's established department stores, is the latest among the brands and chains to be lured by China's growing young middle class. Irene Lau, vice-president of Lane Crawfo...

  • By Zhao Xinying(China Daily)2017-10-14 07:16

    China's overseas tourism market is growing and the momentum will continue, according to an annual industry report released on Friday. The Annual Development Report of China's Tourism 2017 showed that 122 million overseas trips were made by mainland tourists last year, up 4.3 percent from the year be...

  • By Zhu Wenqian(China Daily)2017-10-13 08:36

    A customer chooses vegetables at a Walmart store in Yichang, Hubei province. [Photo by Liu Fengjun/For China Daily]Walmart, the world's largest retailer, is planning to open more compact hypermarkets in China with upgraded facilities, as it seeks to cater to the increasingly high-end and diversified...

  • By He Wei In Shanghai(China Daily)2017-10-12 07:51

    A logo of Ant Financial. [Photo/VCG]The cost of the new iPhone X may have caused furor around the world, but Zhao Qijun is not baulking at the $999 price tag."I hate to hesitate when I see something desirable. I need to have it now," said the 25-year-old."I regret not buying the iPhone 7 Plus. I rea...

  • By Cheng Yu(China Daily)2017-10-12 07:32

    A Zhongtong Express employee sorts out packages at an outlet of the delivery firm in Fuyang, Anhui province. [Photo by Wang Biao/For China Daily]Just one month before China's online version of Black Friday, leading Chinese delivery firms Zhongtong Express and Yunda Express have both announced plans ...

  • By He Wei In Shanghai(China Daily)2017-10-12 07:10

    Unlike older consumers, today's Millennials are open to taking loans and paying via installment plans with just a few taps on their mobile The cost of the new iPhone X may have caused furor around the world, but Zhao Qijun is not baulking at the $999 price tag. "I hate to hesitate when I see somethi...

  • (Xinhua)2017-10-11 17:19

    A man unloads parcels from a ZTO Express delivery vehicle in Beijing. [Photo/Agencies]BEIJING - Two major Chinese courier companies announced price hikes on Tuesday and Wednesday ahead of November 11, which will see China's largest online shopping festival. ZTO Express and Yunda Express said the aim...

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