Ask Hung Huang | China’s Massive Luxury Price Gap
This week, columnist Hung Huang answers readers' questions related to enormous price differences between luxury goods in mainland China and abroad.
On this page
- special-edition Chinese New Year luxury items
- As more Chinese travel overseas, they take advantage of more affordable pricing on luxury goods. For this reason, China is cutting export taxes on foreign luxury brands, encouraging Chinese to shop locally. Premium luxury companies are also narrowing the pricing gap to protect their brand. Other brands are reluctant to the idea, and are trying different ways to attract local luxury shoppers. What are proving to be the most successful strategies for these brands in encouraging Chinese to buy luxury products domestically?
- -Laurence Lam, Online Marketing Manager at
- Daxue Consulting
- Are Chinese luxury shoppers abroad only buying because of the price, or would they be shopping when they go abroad even if the price were the same?
- -Anonymous
- The Chinese government has lowered tariffs, is allowing the sale of duty-free goods in Hainan, and is stepping up its customs inspections. Do you think any of these efforts will encourage domestic spending instead of buying abroad or through daigou?
- -Anonymous
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