Unprecedented generosity
29.05.2012 2120

Unprecedented generosity

Chinese and Russians spend the most in the world

Studies show that the first place in the world ranking in terms of "generosity" and purchasing power is now held by the Chinese and Russians. So, against the background of a prolonged lull in European markets, countries with rapidly developing economies show significant results, including in international shopping: with the growth of prosperity, more and more people tend to spend money on expensive things in overseas shopping tours.

Despite the ever-higher growth of Brazil, Russia and India, the Chinese continue to dominate international shopping. As reported on the website of Il Sole 24 Ore, in January 2012, the number of shopping tourists from China increased by 92,3% compared to last year, which in itself can be considered a record. The Chinese spend their money mainly in Hong Kong, Europe and the United States, spending an average of 4350 euros per trip, which is 40% more than in the 2010 year.

If in the 2011 year it was expected that the Chinese would spend $ 69 billion abroad, then in the 2012 year this figure could reach $ 80 billion, writes.

Following the Chinese in the ranking of shopping tourists for 2011, Russians appear, their number increased by 23,9% compared to 2010. According to preliminary estimates, they could have spent about 42 billion dollars, mainly in Turkey and Italy - the favorite places of Russian shop-tours. It is estimated that such trips help Russians save 35 to 50% of their money due to the difference in prices.

Tourists from Brazil, where an average of 8 out of 10 luxury items are bought abroad, do not think much about spending when traveling. The United States, despite its geographical proximity, attracts only 29% of travelers, while 52% of tourists go to Europe. But in the United States, Brazilians do not save and spend on average $ 4940 each time they cross the border. For them, the States is a real wonderland, which allows them to save up to 80% of their funds.

In India, people go shopping abroad not only because of high prices for imported luxury goods, but also because there are not enough boutiques in the country that could satisfy the needs of about 153 of thousands of wealthy Indians who are ready to spend money on expensive things. Therefore, about 60% of them go shopping mainly in Dubai, Hong Kong and London.

Chinese and Russians spend the most in the world As studies show, the Chinese and Russians are now in first place in the world ranking in terms of “generosity” and purchasing power. So, in the background ...

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