Tourism sur­plus likely to grow

China Daily (Hong Kong) - - FRONT PAGE -

China’s tourism trade sur­plus is ex­pected to in­crease as the coun­try takes in more cash from in­bound vis­i­tors than its out­bound trav­el­ers spend over­seas, ac­cord­ing to the coun­try’s tourism in­dus­try watch­dog.

The in­bound tourism mar­ket has emerged from the down­turn fol­low­ing the global fi­nan­cial cri­sis and has grown con­tin­u­ously in the past few years, the China Na­tional Tourism Ad­min­is­tra­tion said in a state­ment on Mon­day.

The coun­try’s out­bound tourism in­dus­try has en­tered a stage of slower growth after ex­pe­ri­enc­ing rapid ex­pan­sion, the state­ment said.

In­bound tourism rev­enue rose 5.6 per­cent year-on-year to $120 bil­lion in 2016, ex­ceed­ing out­bound tourism spend­ing by $10.2 bil­lion, ac­cord­ing to ad­min­is­tra­tion fig­ures.

In the first half of this year, in­bound tourists made 69.5 mil­lion trips; 62 mil­lion Chi­nese tourists went over­seas, the state­ment said.

Both the num­ber of in­bound trips and rev­enue gen­er­ated have in­creased steadily since 2014, it said.

China has vowed to de­velop tourism into a ma­jor driver for eco­nomic trans­for­ma­tion and up­grad­ing by 2020.

The ad­min­is­tra­tion pre­dicted that di­rect in­vest­ment in tourism this year will jump by more than 20 per­cent from last year to 1.5 tril­lion yuan ($223 bil­lion).

In 2016, China’s tourism rev­enue was 4.69 tril­lion yuan, about 11 per­cent of the na­tional econ­omy.

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