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After Chanel and other luxury goods in mainland China giants choose to narrow the price difference between the global market price, LVMH Group, was unmoved. CLSA CLSA recently major markets selling the most classic LV handbags Louis Vuitton Speedy 30 price survey shows that with a Louis Vuitton Speedy 30 bag straps do not even Chinese mainland market price of the world's most expensive, up to the local market price of France 1.6 times; the price of Hong Kong, China ranked fourth, the French domestic market price of 1.43 times. World's most expensive consumer market downturn Although China contributed a lot to the performance of the LVMH group, but Chinese consumers want to buy a LV goods, overseas shopping or purchasing is preferred. Beijing Daily Reporter variety of LV handbags price survey found that Chinese official website prices higher than the domestic price of purchasing the site, the site of domestic purchasing prices are much higher than the price of an overseas business platform. LV MONOGRAM a series LOCKIT No. Handbags (model M40606) in the price of LV official website of China is 24,300 yuan, the lowest price in Jingdong Shopping is 23,770 yuan, the price on eBay was 11,442.01 yuan. LVMH Group's first half results, the Chinese market and overseas market performance has shown a rainbow night trend. The European market in the first quarter organic sales growth of 10% in the second quarter, an increase of 14%; the US market in the first quarter organic sales growth of 9% in the second quarter increased 12%; the Japanese market in the first quarter organic sales growth of 10%, growth in the second quarter up to 34%. Greater China sales in the first half fell 10%. LVMH Group believes that sales decline in the Chinese market, mainly due to China's economic downturn, the adverse impact of the stock market turmoil and consumption of mainland tourists have luxury resorts consumption dropped Hong Kong and Macao. In fact, differential pricing is an important reason for China market was sluggish. LVMH Chief Financial Officer Jean-Jacques Guiony on a conference call, said: 'Taking into account the regional price differences, the Chinese consumers are gradually transferred from shopping in the Greater China region to elsewhere, which comes as Japan and Europe have benefited the most.' Discrimination multiple pricing damaged mention expensive luxury goods in mainland China, most people will think of tariffs, real
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