Chinese tourists' luxury spending soars

April 20, 2015 2:29 PM

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Chinese tourists' luxury spending soars

PARIS (Reuters) - Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home, VAT refund company Global Blue said.

Spending by Chinese tourists, the biggest buyers of luxury goods, soared by 122 percent in March after a 52 percent rise in February, bringing the increase for the first quarter to 67 percent, Global Blue said in a report published on Monday.

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