Gifts & Premiums

For hundreds of thousands of suppliers and buyers looking to continue with business despite COVID-19-induced travel restrictions, a convenient solution is at hand.

Home is where the heart is and often where the wallet is as well; spending on furniture, homeware and related items is soaring, with Mainland China growing especially strongly.

Led by sales in Hong Kong, auction house Sotheby’s has wrapped up its best year in Asia.

As wages in Mainland China have risen, many Hong Kong enterprises with manufacturing facilities there have tried to cut operating costs – one option is to take production lines offshore.

While, on the surface, it would seem that Christmas spending has plateaued in Russia – with the 2018 per-consumer spend of US$225 almost identical to that of 2017 – the figures alone do not reflect the underlying change in buying patterns.