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How do wealthy Chinese spend money overseas?

People's Daily Online | Updated: 2016-01-26 10:32

How do wealthy Chinese spend money overseas?

In the US: Young people are the new force in US consumption

Due to the launch of a new policy wherein the US issues ten-year tourist visas to Chinese visitors, the number of Chinese people traveling to the US reached 3 million in 2015, 16 percent higher than in 2014. The per capita consumption of Chinese tourists amounted to between 6,000 USD and 7,000 USD--much higher than that of visitors from other countries. Meanwhile, Chinese overseas students in America have become a new force in US consumption.

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