CONGRATULATIONS, AMERICA! Chinese Tourists Are Now Even Richer And More Annoying Than We Are

The French resort operator Club Med has received a buyout offer from, among others, the Chinese conglomerate Fosul International. Fosul wants to help expand Club Med to China, where the company already operates two resorts. This news highlights the growing importance of Chinese tourists in the global economy. Only a short while ago, American tourists were the world's most important tourists. They were also among the world's most reviled tourists, with the stereotype of the loud, obnoxious, osten...