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As China Tourists Tighten Belt, Retailers Face Unhappy New Year

Watching a lone browser in his Sydney Chinatown shop, Bing Chen is worried business is being squeezed this Lunar New Year by what's ailing the world economy at large - the weakest Chinese economy in 25 years. In years gone by, Chen would stay open until the wee hours, selling kangaroo skins and Australian wool to crowds of Chinese tourists. But as the Year of the Monkey begins, stores like Chen's are seeing a drop in trade with newly budget-conscious Chinese either staying home...

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