China

Affluent, HNW Chinese Luxury Consumers Dial Back Spending Enthusiasm

The survey evidence appears unambiguous: optimism among affluent and HNW Chinese citizens, as judged by their luxury spending, has fallen significantly in 2023. It appears that the wealthiest people’s ability to shrug off economic shocks isn’t as strong as it might once have been. A barometer of confidence among Chinese high net worth individuals shows a […]
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From London to Paris: Where are all the Chinese tourists this summer?

China’s long-awaited reopening following the Covid-19 pandemic has raised a puzzling question: Where are the crowds of Chinese tourists in Europe? While data reveals a cautious return to travel among Chinese nationals, there are signs of gradual recovery across European destinations. According to travel data firm ForwardKeys, the number of Chinese travelers to Europe during the recent […]
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