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

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

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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...

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