Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive.
However, China’s currency devaluation continued for a third, as the country’s central bank set the official exchange rate of the renminbi against the U.S. dollar 1.1 percent lower than the day before.
The World Tourism Organization says China was the biggest "outbound" tourism spending country in 2014, with $165 billion laid out, up 28 percent from 2013. As recently as 1995, the Chinese spend was just $3.7 billion.
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