Mainland Chinese tourists splashed out a record US$215 billion on their holidays abroad last year despite slowing economic growth and stock market turmoil at home, an industry report said.That doesn't include suitcases of cash deposited at foreign banks.
The figure was 53 per cent higher than the 2014 total, adding greatly to the growth in global spending on travel and tourism, according to a World Travel and Tourism Council report released on Monday.
The report also put China ahead of the United States and other developed countries as the top global source of tourists, in both number of trips made and money spent on overseas trips.
Weekly Market Pulse: What Did He Say?
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Coming into last week's FOMC meeting, Jerome Powell was expected to be
hawkish. I know that because numerous articles in the financial press told
me so whi...
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