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China's Tourism To Show Deficit


China expected to show first ever tourism deficit

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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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