BEIJING Authentic Toronto Maple Leafs Jerseys , Feb. 9 (Xinhua) -- The Spring Festival traditionally is the most important time of the year for family reunion, but as China has become prosperous, an increasing number of wealthy Chinese are opting to travel abroad, which translates into big business for global retailers.
In the Western world, the traditional shopping season usually lasts a month from Thanksgiving to Christmas holidays. But in recent years, Chinese consumers have managed to add another month to it with the celebration of the Spring Festival, which is as big a deal as Christmas to U.S. malls.
According to the Quartz Toronto Maple Leafs Jerseys For Sale , South Coast Plaza, the highest-grossing mall in the United States with 1.7 billion U.S. dollars in sales in 2015, its peak season begins the day after Thanksgiving and ends not at Christmas but at the close of Chinese New Year celebrations.
At the sprawling shopping center in southern California's Orange County this week, there are scarlet red dresses on the mannequins at the windows of Carolina Herrera and Balenciaga mainly intended for receiving Chinese customers. Dolce & Gabbana is selling a monkey-print T-shirt, exclusive to the mall, in honor of the Year of the Monkey. Monkey takes the 9th place on the Chinese zodiac circle.
At this time of the year, many U.S. malls Cheap Toronto Maple Leafs Jerseys , particularly those in West Coast cities with large Asian-American or Asian expatriate communities, feature Chinese Lunar New Year celebrations or decor. But the South Coast Plaza is looking beyond its local clientele to a rapidly-growing base of wealthy Chinese tourists spending serious retail money abroad.
The center has assiduously courted China since the early 2000s, long before that country's boom in foreign tourism. It was the first shopping center in the U.S. to accept China UnionPay, a Chinese bank card. It was a prescient investment. Chinese shoppers now make up 30 percent of the global luxury goods market, with about half of spending done abroad.
Some economists have predicted that although Americans are still the largest consumers in the world, Chinese consumers will one day have more spending power than Americans with a growing number of middle class.
The Chinese government estimates that 2.91 billion trips of all kinds will be taken over the Chinese Lunar New Year's 40-day travel season, in what is thought to be the largest yearly movement of people in the world.