Chinese tourists to shore up Europe's retail scene

01/18/2013 | Bloomberg

Some 94 million residents of mainland China will travel abroad by 2015, with Europe as their top destination and itineraries that are much more commercial than cultural. Daylong luxury shopping excursions in Paris, London, Madrid and other cities in western Europe are expected to prove a boon for many of Europe's retailers, according to McKinsey & Co.

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