| Publication |
2014.
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| Summary/Abstract |
A typical Chinese tourism website advertising a week in New York City including three days of sightseeing, one day of shopping on Fifth Avenue, and one day looking at real estate investment opportunities-condos preferred, and ideally of the luxury variety. Chinese tourists, admittedly not the poorest segment of this society, now outnumber and outspend American tourists. And when they return home, they regularly comment about the overseas "bargains" they found. Even for ordinary Chinese who've never ventured abroad, the prices of overseas products continue to fall. Many have come to accept a constantly strengthening currency as the natural order.
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