British Media coined “Peking Pound” for Extravagant Chinese Purchases and High stakes Gambling Abroad

| January 2nd, 2011

(IFENG)

The big bucks Chinese spend overseas every year reaches staggering numbers. Last year reportedly 56% of Chinese purchases of luxury goods occur abroad, totaling 13,000 million USD. British Media coined a new word—“Peking Pound” for Chinese huge purchasing power. The casinos overseas, also add Chinese in their VIP lists.

British “Peking Pound” splurged £1bn in sales of luxury goods

According to the British Daily Mail reported on 28th December, 2010, wealthy Chinese tourists are expected to spend a billion pounds on luxury […]Read more…

Shanghai to Chengdu bullet train luxury sleeper

| December 30th, 2010

(Netease) Starting on January 11, 2011, bullet trains with sleepers will be put into operation between Shanghai and Chongqing as well as between Shanghai and Chengdu. It is the most advanced soft sleeper cars presently used in China. Every soft sleeper is equipped with independent video system and the luxury soft sleepers even have small meeting rooms. Tickets have been for sale at the Chengdu Railway Station since December 23, 2010. From Chengdu to Shanghai the highest ticket for one […]Read more…