Chinese Spend, Spend, Spend in London Luxury Shops

Posted by Lauren Proctor on September 1, 2009

Gloom-defying shoppers from China are flocking to the luxury stores of London’s West End, outspending Arab royalty, replacing Russia’s departing super-rich and lifting spirits after nine months of recession.  Data from tax rebate companies suggests Chinese tourists are spending three to four times more than a year ago in London’s chic shopping districts. (CNBC)

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