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


    YOU MIGHT ALSO LIKE

    Project Force: Could the world survive a nuclear winter?

    Project Force: Could the world survive a nuclear winter?

    The consequences of a nuclear war would extend far beyond the blast itself, killing millions of people across the globe.

    Are K-pop and BTS fans a new force for social justice?

    Are K-pop and BTS fans a new force for social justice?

    K-pop fans are using the same social media tactics they employ to support music stars for social justice activism.

    Palestine and Israel: Mapping an annexation

    Palestine and Israel: Mapping an annexation

    What will the maps of Palestine and Israel look like if Israel illegally annexes the Jordan Valley on July 1?