A shopping frenzy that ensued at a newly opened luxury brand store earlier this week in Zhengzhou, the capital of the central Henan province, highlights the “huge consumption power” potential in China’s so-called lower-tier cities after two years of coronavirus restrictions. The Hermes store is one of the first to open in Zhengzhou, much to the delight of the consumers in the city which was devastated by floods last year as they queued for upwards of four hours to get their hands on the…
Source: SCMP
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‘Covid hasn’t changed the lifestyle of the rich’ as Chinese shoppers splurge
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