The Irish Economic And Trade Delegation Is Visiting China To Increase Exports To The Central Plains.

According to leatherbiz.com, Tuesday, the Irish trade delegation has gone to China, and they will consult with the Chinese side about opening up the beef market and increasing the trade of raw skins.

This delegation is made up of some Irish politicians and agricultural entrepreneurs.

Long Simon Coveney band, the main agenda is the open beef market and

Exit.

They expect this friendly trip to increase sales of their products.

Ireland has been at the forefront of agricultural development in the past 30 years.

In 2013, Irish exports to China reached $60 million, the second largest trading partner after Britain.

According to world bank data, exports of raw leather amounted to US $50 million in 2012.

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Not long ago, American consulting firm Bain and the Italy luxury industry association released the global luxury market monitoring.

According to the report analysis, the growth rate of global personal luxury consumption in 2014 will be only 2%, which is the lowest growth rate since 2009.

Among them, the Chinese market will see the first negative growth of luxury goods since entering the mainland of China.

The industry believes that luxury goods in the Chinese market is gradually moving towards a downturn.

In the past month, the earnings report of major luxury groups has confirmed this judgement.

Burberry's recent first half earnings report showed a 7% rise in performance and a slower trend in the ring than in the second half.

Prada's medium-term results recently announced that net profit fell by 21% over the same period last year.

The first three quarters of 2014 released by the luxury giant LVHM group showed a sharp decline in sales growth of only 4%, while the figure was 25% in 2012, while LV's leather goods sales were at an all-time low of 3%.

Some analysts believe that the downturn in luxury market in China is due to the Chinese government's anti-corruption actions.

According to the analysis, the changes in the Chinese market are not only related to the reduction of gift consumption resulting from the "frugal order" in China, but also by more and more Chinese consumers.

For example, the British Burberry windbreaker priced at 29 thousand yuan at the Chinese website sells only 330 thousand yen (19 thousand yuan) in Japan, while in France it is 2395 euros (about 18 thousand and 800 yuan).

The price of the same LV bag, French official website and Italy official website is nearly 1000 yuan less than that of China's official website.

Miss Li, a fashion buyer who lives in Milan, Italy, agrees: "anti-corruption is only one reason, and more importantly, consumers are becoming more rational and no longer blindly follow suit and start paying attention to cost-effective."

Once upon a time, Chinese tourists were queuing up outside the luxury stores. "We are buying buyers, and we have to rush for goods with our compatriots in the tourist season."

Miss Li said, "now there is seldom such a scene of domestic tourists buying, many customers buy luxury goods are looking for purchasing, can save money."