Yuan’s ris­ing value means ex­pand­ing tourism

China Daily (Canada) - - NEWSCAPSULE -

The ris­ing value of the yuan has of­ten made it cheaper for Chi­nese tourists to travel to ex­otic for­eign des­ti­na­tions than it is to travel to their own coun­try’s pop­u­lar re­sorts.

Over the next year, the num­ber of out­bound trips from China will top the 100 mil­lion mark for the first time in his­tory. The ris­ing num­ber of Chi­nese peo­ple trav­el­ing abroad has grown even faster than pre­dicted.

The in­creas­ing value of the yuan com­pared with the dol­lar means that once pro­hib­i­tive in­ter­na­tional travel is within easy reach for many, par­tic­u­larly for coun­tries in the de­vel­op­ing world, such as Sri Lanka or Iran. They have emerged as pop­u­lar des­ti­na­tions for the more ad­ven­tur­ous young Chi­nese peo­ple look­ing to see some­thing other than Paris or New York.

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