Who got that red money?

Xinhua has reported that Chinese tourists have spent a total of 1 trillion yuan on overseas travel for the past financial year.

Whilst Bloomberg has different analysis on it including that many Chinese will defer purchases of luxury and other products due to high taxes and dual pricing structures I think something else needs to be remembered. Not all of that money is necessarily spent in, or finish up in the host country. Chinese Travel Agencies and Guides would collect the majority of that money, and would flow back into the Chinese economy.


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