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Signals. Baselworld, Louis Vuitton (LVMH) Group, announced in the Chinese mainland market price of 18%; the Italian luxury brand Versace also told the media recently released 2014 earnings period, 'close attention' competitor's move, if the pricing mechanism there are adjustments will be implemented in May. Chanel counters Shanghai, Beijing and other cities, they have once appeared craze. Shen Danyang said in recent years, consumption of Chinese residents to go abroad to continue to heat up. 2014 The number of outbound trips of more than 100 million residents of overseas shopping is growing rapidly, the formation of foreign consumer boom. While there are many reasons, but one major factor is the difference between domestic and foreign prices. And an important aspect of the formation of domestic and foreign price difference of foreign brands in the Chinese market pricing policies. 'Chanel in mainland China initiative to implement commodity prices, significantly reduced the sales price difference between China and Europe, and we welcome it. We believe this is conducive to consumption abroad reflux.' Stabilizing and expanding domestic consumption, the Ministry of Commerce in 2015 one of the priorities. Said Shen Danyang, the next, the Commerce Department will continue to work with relevant departments to study and analyze a number of policy issues related to this, adopt appropriate policies and measures to guide consumption abroad reflux. â–\xA0 News Links drop in net profit, refrain from Prada to Chanel prices have followed Beijing Morning News (reporter Chen Qiong) Prada Group's latest results, Chinese and European sales dragged down by the company in 2014 net profit shrunk 28%. As of fiscal year 2014 of January 31, Prada annual sales of 3.55 billion euros and net profit of 450.7 million euros, well below the 2013 fiscal year, 627.8 million euros, which is the Prada Group listed in Hong Kong, the first time in four years the performance decline . The decline in performance is the culprit in the Asia Pacific market Prada poor performance, at constant exchange rates, sales in the Asia-Pacific region fell 4.5 percent year on year, of which retail channels fell nearly 7%. Prada also in the earnings report, business conditions in the second half of last year China's Hong Kong and Macao marked decline, pulled down the company's overall performance. 'Prada will cut costs in the short term, multi-pronged approach to enhance the company's overall supply chain efficiency and output of a single store.' Prada chief executive PatrizioBertelli representation.