Financial Times had reported that UK retail sales growth surges to 14 year high last November. And the sales figure was even better during the December sales. There was a fear that retailers were thinking of when to push the price up as our currency value was lower now. There is no clue of when the retail price is going up, as pound falls, foreign tourists are now celebrating by buying in luxury brands.
If you had been to Harrods before the past Christmas, you will be shocked by how many people there were inside the shop. Similar scenes were also seen on most retail streets in central London.
Meanwhile, China had just launched directly weekly train to London, stuffed with goods just after the New Year. The train sets off from China’s biggest manufacturing hub of Yiwu, carrying socks, cloth, bags and other goods, it will arrive Barking, East London in just 18 days.
On its way back, it will carry goods from UK. Currently, British goods are very popular in China.
Meanwhile, China is setting up a strict rules on forex transactions to stop money exiting abroad, causing problems for Chinese tourists to buy goods abroad.
If they could buy British goods in China, they could be spending more as they had saved on flights and hotels.
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