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alp227

(31,959 posts)
Fri Aug 17, 2012, 08:14 PM Aug 2012

Chinese to become biggest spenders as record numbers head overseas

Source: The Guardian

The Chinese are on the verge of leapfrogging the Germans and Americans to become the nation whose tourists spend the most money overseas, as the idea of foreign travel captures the imagination of millions of newly affluent citizens in the world's most populous country.

The World Tourism Organisation predicts that the number of overseas trips made by Chinese people will surge from 70m last year to 100m by the end of the decade, from just 5m 15 years ago.

Though they spend on average less than their western counterparts, the number of travellers means the total is high –and rising. China's travellers overseas spent $54bn (£35bn) in 2010 and $72bn last year, compared with $84bn ($78bn in 2010) for Germans and $79bn ($75bn in 2010) for the US.

Read more: http://www.guardian.co.uk/world/2012/aug/17/chinese-foreign-travel-surges

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Chinese to become biggest spenders as record numbers head overseas (Original Post) alp227 Aug 2012 OP
300 million indebt overextended Americans or newly prosperous debt free Chinese... dkf Aug 2012 #1
 

dkf

(37,305 posts)
1. 300 million indebt overextended Americans or newly prosperous debt free Chinese...
Fri Aug 17, 2012, 09:20 PM
Aug 2012

Our days where we could make others dance to our tune are coming to an end. How long will we be able to consume so much more per capita than these other countries?


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