News in brief: Wales; Golden Week; China

News in brief
News in brief

Exporting opportunities for Welsh businesses

Businesses in Wales seeking to explore global exporting opportunities will be able to capitalise on the advice of international business owners and entrepreneurs when the Exporting is GREAT Export Hub motors into town next week (15-26 February).

The 32 tonne, 40ft long lorry will play host to a series of seminars, drop-in sessions and one-to-one meetings with export experts working in markets across the globe during its two-week tour of Wales.

Secretary of State for Wales Stephen Crabb said: In an ever-growing global market, the potential for Welsh businesses to reach out to new customers and lucrative new territories beyond the UK has never been greater.

“The Exporting is GREAT campaign provides first-time Welsh exporters with the support they need to capitalise on overseas markets and seize the growth opportunities they can bring.”

UK shops to benefit from Chinese tourists

Prime shopping destinations in London and the South East are expected to benefit from an influx of visiting Chinese shoppers over the Lunar New Year Golden Week period.

Payments processor Worldpay’s analysis of recent spending patterns by Far Eastern tourists suggests department stores across London can expect a 30% increase in Chinese card transactions compared with average weekly transactions for the time of year.

Shopping malls could see an even bigger boost, with Westfield shopping centre likely to see Chinese shopper spending rise 46%.

And it’s not just London that’s set to benefit from Golden Week spending. Bicester Village, reputed to be the most popular destination for Chinese visitors to the UK, can reasonably expect to double the number of Chinese card transactions it processes during the week.