You are here


Yuan's fall hurts China's big-spending tourists

They fear currency's devaluation will develop into a deeper dent in their spending power

The World Tourism Organization says China was the biggest "outbound" tourism spending country in 2014, with US$165 billion laid out, up 28 per cent from 2013. In 1995, the Chinese spend was just US$3.7 billion.

Hong Kong

THE Chinese tourists who have become a common sight in the world's major cities fear their wings will be clipped if Tuesday's shock yuan devaluation develops into a deeper dent in their spending power.

More than 100 million Chinese travel abroad every year, buying more...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to