France’s capital is China’s new favourite holiday destination. Between 600,000 and 800,000 Chinese tourists visited Paris in 2014, an increase of nearly 20% on the previous year. The Paris region tourist board is confident this trend will continue.
While painful, even the recent shares nosedive and devaluation of the Chinese currency looks unlikely to dent the Chinese passion for luxury shopping. So while economists agonise over deceleration of growth, retail analysts aren’t convinced it will have an immediate impact on the buying trend.