Europe welcomes Chinese big spenders

Wealthy tourists descend upon stores for post-Christmas sales as cash flow from British shoppers declines.

Despite the gloom of an economic reccession, shoppers across Europe have descended upon stores for post-Christmas sales.

In the UK, consumers spent more than $23m in the first three hours of trade – mostly spent by wealthy foreign tourists.

When the cash flow from the British shopper has been declining, the influx of big spenders from China is very welcome news.

Al Jazeera’s Simon McGregor-Wood reports from London.

Source : Al Jazeera


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