China .. rich belt tightening their fear of cleansing
Paid cleansing campaign, which was launched in China against the corrupt within the Communist Party, the Chinese elite rich to tighten their belts and avoid going to Hong Kong and Macau, where they used to spend a lot of money, fear of accountability.
Has launched President Xi Jeenbag who took office in late 2012 clean-up campaign to fight corruption under the slogan "fight the flies and the Tigers", which means junior and senior corrupt officials alike.
And raised the loss of a number of prominent members of the Chinese Communist Party Hzutem incarcerated in prison each shock in elite circles, which had to adopt a simple lifestyle has not softened by the reduction depends on the spending pending the passage of "Storm".
The campaign has affected Chinese President remarkably activity in Hong Kong and Macau, which are considered centers of money and lavish life and Tgzban affluent Chinese.
He said Steve Vickers, who was in charge of police in Hong Kong, told AFP that the campaign against corruption "of great concern throughout the country and many personalities are more cautious in their spending."
He also warned analysts Grant Govrtsen and Felicity Chiang that "nothing indicates what appears on the rebound luxury services sector at a time and check."
But "on the contrary, the anti-corruption campaign in the People's Republic of China is accelerating and expanding it seems, what would keep pressure on the sector indirectly Alfajran customers," according to analysts.
With the registration of an economic slowdown in China and the anti-corruption campaign, also noted the decline in retail sales in Hong Kong, according to the news agency "Reuters"
Sales of jewelry, watches and other luxury goods, which often give gifts in China deteriorated by 28.2 percent in June, according to official figures.
The market is also slowing private aircraft owners and postponing the purchase money Echthm first and lovers of good spirits Istaadon them with water.
It also decreased sales of goods of European luxury brands that fond of them Chinese. Has lowered the credit rating agency Standard & Poor's solvency group Remy Cointreau in early August due to lower sales of Cognac in China.
To escape from Beijing's campaign head of the Chinese owners of wealth to more and more distant markets such as Europe would want to buy it away from the observer
