Chinese investors eye a giant tourism boon

A slew of property purchases made by Chinese investors in Australia and abroad highlights the strength of China's booming outbound tourism market.

Chinese tourists spent a record $US164.8 billion ($208bn) overseas last year, according to official figures, but that amount looks set to be dwarfed by a tsunami of money that is following their now well-trodden path.

Some of the country’s biggest investors have been snapping up brands, property and other assets across the globe to serve as a magnet for China’s booming outbound tourist market. 

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