www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Luxury sellers adapt to changing market

Updated: 2013-05-04 01:58
By Meng Jing ( China Daily)

Luxury sellers adapt to changing market

A liquor store that sells Moutai in Qionghai, Hainan province, in February. The price of the luxury liquor brand has slumped since the country's new leadership launched a campaign targeting government spending on official receptions, vehicle purchasing and overseas trips by civil servants early this year. Meng Zhongde / for China Daily 

High-end demand starts to taper off as authorities target lavish spending

Early last year, eyebrows were raised when 500 grams of high-quality Longjing tea was sold for 180,000 yuan ($29,196) at an auction in China.

The record price for the tea brand made it much more expensive than gold at that time.

However, this spring the situation has changed completely. The price of the same high-quality Longjing has reportedly fallen to around 2,500 to 2,800 yuan for 500 grams, compared with the average price of 3,200 yuan in 2012.

Tea industry experts say that this year's prices are the lowest since 2009.

It is not high-end tea alone that is feeling the pinch.

Expensive luxury watches from Swiss watchmaker Rolex and fancy dinners at top restaurants are all losing sheen as choice gifts among the well heeled.

Frugality has arrived, or rather, been imposed.

High-end demand has tapered off this year due to recent government measures aimed at checking extravagant spending and reining in corruption.

Though it is still early to estimate the actual numbers, some experts maintain that the trend augurs well for the future, as it will lead to a more broad-based and healthy demand.

Others feel that slower high-end product sales will only lead to lower overall consumption.

According to data provided by the National Bureau of Statistics, retail sales in China during the first quarter reached 5.55 trillion yuan, year-on-year growth of 12.4 percent, compared to 14.8 percent for the same period last year.

Though there are indications that demand is likely to fall further, there are also signs that the demand for high-end goods in China is becoming broader and more sophisticated.

Zhao Ping, deputy director of the department of consumer economics at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said that the government crackdown on lavish spending is good for China's consumption market in the long run.

"Less government expenditure on official receptions, vehicle purchases and overseas trips means that more money can be put into the pockets of ordinary people," she said.

Zhao insisted that the curbs on conspicuous consumption are good for sustainable growth as they will cater to a broader spectrum of people.

Previous Page 1 2 3 4 Next Page

8.03K
 
...
...
...
主站蜘蛛池模板: 夜鲁夜鲁夜鲁在线观看福利 | 日本一级特黄在线播放 | 亚洲另类视频在线观看 | 日韩精品a | 亚洲欧美成人 | 爆操巨乳美女 | 美女又黄又免费 | 特级a欧美孕妇做爰片毛片 特级a欧美做爰片毛片 | 高清精品一区二区三区一区 | 韩国自拍偷自拍亚洲精品 | 加勒比久久综合 | 久久男人天堂 | 亚洲va视频 | 亚洲最大福利视频 | 精品国产午夜久久久久九九 | 国产一区二区三区免费 | 日本b站一卡二不卡 | 久久精品成人免费网站 | 日韩精品福利视频一区二区三区 | 欧美日韩中文国产一区二区三区 | 国产高清国产专区国产精品 | 欧美精品v欧洲精品 | 色综合夜夜嗨亚洲一二区 | 日韩免费黄色片 | 色综合久久一本首久久 | 国产精品亚洲第五区在线 | 久久成年人视频 | 精品综合久久久久久98 | 国产精品漂亮美女在线观看 | 国产一区二区三区在线视频 | 九草在线 | 日本一区二区在线 | 色九九| 久污| 在线视频一区二区三区四区 | 久久视奸| www亚洲一区 | 91亚洲国产成人久久精品网址 | 欧美日韩国产在线观看一区二区三区 | 看性过程三级视频在线观看 | 欧美一级特黄特色大片 |