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China 'tourist' spending concealing flow of investment overseas, says Fed report – South China Morning Post
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South China Morning Post

China 'tourist' spending concealing flow of investment overseas, says Fed report
South China Morning Post
One example is that China's travel expenditure as a share of GDP was reported to be higher than Britain's in 2014, even though the latter's per capita GDP is seven times China's. Similarly, in the same year, spending by Chinese tourists abroad was ...

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