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China expected to overtake U.S. in business travel spending by 2015
China expected to overtake U.S. in business travel spending by 2015

China could surpass the U.S. as early as next year as the world's biggest spender in business travel, a year sooner than business travel experts had previously forecast. With China's gross domestic product growing at a slow but steady pace, the world's most populous country is expected to increase spending on business travel by 16.5% in 2014 to $262.1 billion and 17.8% in 2015 to $309 billion, according to the Global Business Travel Assn. Foundation. The foundation--the education arm for the world's business traveler managers--had previously predicted that China would overtake the U.S. as the top spender on business travel by 2016. "The growth in China's...

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