Chinese tourists taking pictures during a trip to a lavender field in Valensole in southern France earlier this month. Photo: AFP

China ‘tourist’ spending concealing flow of investment overseas, says Fed report

Report suggests that some Chinese are getting round curbs on moving cash out of the country by saying spending was on ‘tourism’

Topic |   China economy

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Chinese tourists taking pictures during a trip to a lavender field in Valensole in southern France earlier this month. Photo: AFP
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