Chinese shoppers flock to Russia

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Russia is becoming an unexpected hot shopping destination for Chinese tourists via a still-strong luxury retail market. In 2015, Russia was the 10th largest destination for tourists worldwide with 31.6 million visitors. More than 1 million Chinese visited Russia last year to benefit from the rubble devaluation and purchase luxury goods from Gucci, Louis Vuitton, Chanel and Cartier, allowing them to avoid steep import taxes on luxury items in China. Russia is also extremely attractive

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