China was home to 960,000 individuals whose wealth totaled ¥10 million or above in 2010, and over 90% of them travelled overseas last year, according to the Chinese Luxury Traveler white paper that surveyed 463 multimillionaires with an average age of 39. The paper was compiled by Hurun Report and ILTM Asia.
In addition, the white paper revealed that overall spending on offshore shopping by all mainland tourists surged 91% and accounted for 17% of the global duty free shopping receipts last year. Foreign watches, jewelrey and designer clothes were the top three items on their shopping lists.
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