Bigger tourism surplus expected
China’s tourism trade surplus is expected to increase as the country is taking in more cash from inbound visitors than its outbound travelers spending overseas, according to the country’s tourism industry watchdog. China’s inbound tourism market has emerged from the downturn after the global financial crisis and increased continuously in the past few years, China National Tourism Administration said in a statement. Meanwhile, the country’s outbound tourism industry has entered a stage of slower growth after fast expansion, according to the statement. Inbound tourism revenue rose 5.6 percent yearon-year to $120 billion in 2016, exceeding outbound tourism spending by $10.2 billion dollars, CNTA data showed. In the first half of 2017, inbound tourists made 69.5 million trips, while 62 million overseas trips were made by Chinese tourists, the CNTA statement said.