Deep Dive 36 minutes PremiumGlobal Chinese Shoppers – The $200 Billion Opportunity Coresight Research September 22, 2015 Executive Summary Chinese tourists are now the biggest global spenders and the momentum will continue, reflecting the expanding Chinese middle class and a growing base of passport holders. The typical Chinese traveler spends around US$1,678 on retail purchases per overseas trip. The farther they travel, the more they shop. Total overseas spending by Chinese tourists will jump 23% to US$229 billion in 2015, and by 2020, FBIC Global Retail & Technology projects US$422 billion. The most popular overseas shopping categories are clothing, footwear and accessories (bought by 56% of travelers), fragrances and beauty products (52%) and electronics (32%). Total outbound passenger journeys will double by 2020, to approximately 234 million annually. This report is for subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: July 2023 Leading Indicators of US Retail Sales: Projecting Low-Single-Digit Growth Amid Marginal Disposable Income RisePredictive Analytics in Retail: Enabling the Next Generation of Retail ManagementSeasonal Shopping, 4Q23—Shoppers’ Latest Holiday Expectations: US Consumer Survey Insights ExtraGenerative AI Latest: Content Indemnification, Security Concerns and Response from Chinese Giants