Chinese Tourists Are Still Traveling, But They Aren’t Spending as Much Money ...Middle East

Retailers and fashion brands are expressing concern over a slow-down in their Asia business as Chinese tourists pull back on purchases, The Wall Street Journal reported. Xiaohongshu, a social media site similar to Instagram, may be to partly blame. The platform has popularized travel that prioritizes experiences — and the requisite attendant selfies, of course — over making purchases. The shift is also coming amid a sharp slowdown in the Chinese economy that may be leaving travelers with less discretionary income to spend, following debt-driven problems in the property market and sliding demand for manufactured goods, according to the International Monetary Fund. Domestically, growth in Ch

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