Chinese Spending on Luxury Goods, Boosting Sales Worldwide

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On Rodeo Drive in Beverly Hills, store owners are learning Chinese. When Bond Street in London runs out of pounds, shops accept Renminbi. The People's Republic is changing the luxury market worldwide. Karl Gerth is Professor of Chinese History at Oxford University and author of As China Goes, So Goes the World: How Chinese Consumers are Transforming Everything.

Credits

Guest:
Karl Gerth - Professor of Chinese History, Oxford University

Host:
Warren Olney

Producers:
Christian Bordal, Andrea Brody