Brexit brings pains and gains for different groups

A shopper carries bags during the Boxing Day sales at a Selfridges store in London, Britain. [Photo/Agencies]

Shoppers:

According to the Office for National Statistics of the UK, the number of Chinese travelers increased by 46 percent to 270,000 in 2015. They spent 586 million pounds ($861 million), up 18 percent year-on-year. Over 70 percent of them bought at least one luxury product priced over 500 pounds and nearly 20 percent of them bought at least five. The pound plunged to a 30-year low against the US dollar and the euro on Friday. If it continues to weaken, Chinese tourists' shopping frenzy is expected to intensify in coming months. The number of Chinese travelers to the UK is also expected to surge in the second half of this year, potentially boosting their consumption there. The euro is also expected to weaken. So, Chinese consumers' shopping budgets in other European countries, especially for luxury products, will increase accordingly.