男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
WORLD> Impact on China
Luxury goods feel chill of recession
By Wang Hongyi (China Daily)
Updated: 2008-10-14 07:46

 

A German sports car on display at a luxury goods fair held in Shanghai on Oct 10. Spending patterns of the well-heeled have not been spared the ongoing financial crisis. Zhou Wei

SHANGHAI: The country's luxury goods market has not been spared the financial crisis that is spreading from the West, a consumer fair has shown.

Spending patterns at a luxury goods fair in Shanghai this year have shown that buyers are tightening purse strings and not paying for astronomically priced luxury items as readily as before, vendors have said.

Considered one of the country's top fairs offering luxury goods, the three-day event that started on Oct 10 is said to draw many leading brands from across the world to entice well-heeled buyers.

Instead, lower grade items are reportedly turning out to be more attractive this year.

"Most orders went to low- and middle-level products, while the most expensive item, a diamond necklace valued at 7 million yuan ($1.03 million), is still on display," said a brand manager of a Swiss jewelry company, who did not want to give her name.

"The global financial crisis will undoubtedly cripple the purchasing power of the wealthy," she said.

A Singapore sculpture dealer said the company only sold a 30,000 yuan piece during the exhibition, although many people had previously inquired about its goods.

"Although the situation for the domestic market is still not clear, luxury consumption will certainly be affected by the global economic crisis," said Liu Zheng, an analyst of the luxury goods industry.

Luxury spending is said to have made China one of the sector's largest markets, despite it still being a developing country.

"One of the most influential factors for luxury consumption in China are those of the young generation, who show great enthusiasm for famous brands," Liu said.

"Previous surveys have shown that many consumers of luxury goods are young office workers, whose purchasing power for the items is extremely unstable," he said.

"It is the group that is much better off than them that luxury goods are geared toward."

It is therefore "not surprising" to find that, in any economic downturn, such a group of consumers will be the first to stop buying, Liu said.

A number of the city's residents are already making significant changes to their lifestyle, beyond splurging on luxury goods, to face possible financial risks.

"We are spending too much," said Xu Ying, a Shanghai office worker who has canceled a shopping tour to Europe this Christmas with her husband.

"We go there every year, but now the prices are too high. So we must cut down on a great deal of unnecessary expenditure," she said.

(China Daily 10/14/2008 page2)

主站蜘蛛池模板: 安泽县| 大悟县| 教育| 莎车县| 澜沧| 南乐县| 个旧市| 齐河县| 定边县| 佛学| 乌恰县| 深圳市| 晋江市| 海宁市| 博乐市| 宽城| 长岭县| 高要市| 三都| 蒙山县| 长寿区| 双城市| 濮阳市| 徐水县| 石台县| 莆田市| 南和县| 玉门市| 镶黄旗| 宣武区| 景谷| 荥经县| 鹤壁市| 洪洞县| 科尔| 平顺县| 大新县| 贵溪市| 岳阳市| 赤城县| 郯城县| 嵩明县| 兴海县| 江津市| 淳化县| 叶城县| 大埔区| 兰州市| 吉水县| 淳安县| 台南市| 宁强县| 建平县| 中阳县| 韶山市| 临江市| 灯塔市| 东丽区| 新化县| 肇东市| 巴塘县| 荆门市| 汝南县| 漠河县| 通城县| 齐齐哈尔市| 绥芬河市| 上林县| 临沧市| 东兰县| 金华市| 文山县| 集贤县| 麟游县| 宝山区| 林芝县| 荣成市| 开鲁县| 万全县| 安乡县| 鱼台县| 高平市|