Monday 15 February 2016

CHINA: China Increases Investment In Tourism

Investment will rise to 1.2 trillion yuan, $180 billion, and revenue to 4.55 trillion yuan, China's head of the National Tourism Administration Li Jinzao said Saturday.

Chinese citizens are expected to make 4.38 billion trips for tourism within China this year, up 9.5% on 2015, and revenue from their travels will rise by 11% compared to the previous year.

A total of 263 million tourist trips are expected to be made by Chinese going abroad and foreigners coming into China in 2016, up 5%.

The sector accounted for about 10.8% of total GDP growth and 10.2% of national employment last year.

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