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

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.