By and  on September 22, 2015

Spending by Chinese tourists is expected to jump 23 percent this year to $229 billion, eclipsing $200 billion for the first time, according to a report from Fung Business Intelligence Centre Global Retail and Technology and consulting firm China Luxury Advisors.

And that momentum will continue, with the report projecting that spending by Chinese tourists will reach $422 billion by 2020.

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