Thursday, August 13, 2015

California braces for falling yuan's ripples - LA Times

California braces for falling yuan's ripples - LA Times: "In 2014, nearly 2.2 million visitors from China traveled to the U.S. — up more than 21% from the year before, according to Office of Travel and Tourism Industries. They spent almost $24 billion last year, outpacing their 2013 spending by 12.6%.

In November, the Obama administration gave a big boost to Chinese tourism by relaxing visa rules for Chinese tourists and business travelers."



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