Chinese Tourists Increased 80% In The Same Period To Japan, Boosting The Performance Of Department Stores

In recent months, with the support of foreign tourists, especially the tourists from mainland China, the performance of large department stores in Japan has shown signs of improvement. Chinese tourists who travel to Japan for shopping purpose have made great contributions to the turnover of Japanese department stores.

Statistics show that as of October 2014, the number of visitors to Japan has exceeded 11 million, of which the number of tourists in mainland China has exceeded 2 million, an increase of 80% over the same period in 2013. On the one hand, besides the devaluation of Japan dollar and the expansion of domestic duty-free commodities in Japan, on the other hand, the tension between China and Japan has eased.

According to the Japanese shopping and Tourism Association's projections, the annual consumption of foreign visitors to Japan will expand to 30 billion to 45 billion yen (about 1 billion 500 million to 2 billion 300 million yuan) as the scope of tax-free commodities expands, which is equivalent to 10% of the total annual total consumption of foreign tourists visiting Japan in 2013 (463 billion 200 million yen, or 23 billion 900 million yuan), due to the current domestic market in Japan. Duty-free shop Further amplification is being made, so there is still room for improvement in the projected amount.

With visiting Japan Foreign tourists With the increasing demand for shopping, large department stores in Japan have also stepped up their response measures, such as the expansion of duty free goods checkout counters, the expansion of duty-free procedures, and foreign visitor guides. Chinese Mainland Tourists shopping and consumption has provided great convenience.

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According to the latest data released by the General Administration of customs, exports in November were not as good as expected, and import growth rate slipped back into negative territory again. Insiders said that this year's foreign trade performance is not warm, but exports are difficult to play the main force of "steady growth" this year, but they will not act as "dragging their legs".

In November, the total value of China's imports and exports was 368 billion 850 million US dollars, down 0.5% from the same period last year. Among them, exports of US $211 billion 660 million, an increase of 4.7% over the previous year, is not as good as the expected 8% in the market.

Liu Dongliang, senior analyst at China Merchants Bank, said that the export figures in November were significantly lower than those in October. There are reasons for the cardinal number and the reasons for the exchange rate. Since July, the real effective exchange rate of RMB has risen sharply, and its cumulative effect is having a substantial impact on exports.

Chang Jian, chief China economist at Barclay, believes that although export growth has slowed down, China's export figures are still better than those of neighbouring economies, so it should not be overly pessimistic.

It is worth noting that the import volume in November was 157 billion 190 million US dollars, down 6.7% compared with the same period last year. According to customs data, imports of major commodities increased and average import prices fell generally in imports.

According to the insiders, the main factors of undesirable imports include the overall economic slowdown, the decline in international commodity prices, the decrease in foreign investment in the manufacturing sector, and the slump in the scale of processing trade. Moreover, imports will become negative growth, or will be a drag on future export performance.

Because of the sluggish imports, the trade surplus in November reached US $54 billion 470 million, an increase of 61.4% over the same period last year, making the current RMB exchange rate in a dilemma.

China's foreign trade situation report (autumn 2014) released by the Ministry of Commerce predicts that the international environment for China's foreign trade development will be slightly improved next year, but the recovery will be limited, and the risks and uncertainties will be more prominent. Bai Ming, deputy director of the international market research department of the Ministry of Commerce, predicts that the pressure of "stable foreign trade" will not be too small next year. But with the promotion and replication of the Shanghai free trade area, the accelerated construction of the whole area and the strengthening of the strategy of the free trade area, the confidence in the development of foreign trade next year will also increase, and the steady growth of foreign trade will become a "new normal".