Anodized CNC Turning Parts for Safety Equipment

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It is undeniable that the shopping patterns of Chinese consumers are currently changing. Overseas tourism consumption is declining, but domestic consumption is growing. Global luxury giants, including LⅥMH, have recently emphasized that "purchasing luxury goods in the Chinese mainland market has become more attractive. A trend indicates that luxury consumption in China is returning. From Kering Group, LMH, Hermes and Bo The latest financial data disclosed by Bailey and others show that China ’s luxury consumption growth remains strong.

And with the "E-commerce Law" restrictions on purchasing, tourism consumption of luxury goods will decline, that is, the consumption of luxury goods in overseas regions such as Europe will gradually decline, which will inevitably lead to increased domestic consumption in Asia and China. The strategic significance of deepening the Chinese market for the development of Italian high-end luxury brands will also become increasingly prominent.

It is understood that the Chinese Club of the Italian Luxury Industry Association will provide support for the development of Italian luxury brands in China from various aspects, including continued attention to changes in China's tourism consumption trends. In addition, it also includes organizing various Italian-style events and launching active collaboration with design colleges and universities. Harrods, a luxury department store located in Knightsbridge, London, UK, also announced at the end of 2019. The product market has great potential for development, so the first overseas permanent flagship store in Pudong, Shanghai, China will be opened in 2020 to provide China's wealthy consumers, especially millennials, with the best quality environment and services.

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