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China's Tourism To Show Deficit

China expected to show first ever tourism deficit

China expected to show first ever tourism deficit
Image via travelchinatour.com

Jan 19, 2010

China's statistics from 2009 are expected to show its first deficit in tourism, due to a weak global economy and a strong travel incentives at home, a senior researcher said.

China Tourism Academy reports Mainland tourists spent some $42 billion in overseas destinations including Hong Kong, Macao and Taiwan last year.

At the same time, overseas tourists spent only $38 billion on the Mainland, down by 7%.

China Daily reported that though official statistics for 2009 are yet to be released, the academy estimated that the tourism deficit will stand at $4 billion in 2009 - the first ever tourism deficit in China.

Source: chinaeconomicreview.com
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