How do wealthy Chinese spend money overseas?

Over 50 percent of spending goes to shopping

Data shows that over 50 percent of spending done by Chinese tourists goes to shopping. They spent relatively less on jewelry, tobacco and wine, but more on daily necessities and at supermarkets.

Additionally, more and more Chinese people are beginning to buy handicrafts and paintings. Chinese tourists have become more rational in their spending, switching their priorities from luxury goods to vacations, said Wei Zhihong, general manager of the European branch of UnionPay International.