China sees first tourism trade deficit

14:16, March 19, 2010      

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According to statistics released by the China Tourism Academy on March 18, China's outbound travel consumption reached 42 billion U.S. dollars in 2009, up 16 percent from the previous year. Tourism saw its first trade deficit since 1982, when it exceeded 2 billion U.S. dollars. In 2010, the deficit is expected to widen to 5 billion U.S. dollars.
According to Dai Bin, vice director of the China Tourism Academy, China's outbound tourists reached 48 million in 2009, an increase of roughly 4 percent from the previous year, contrasting sharply the 4 percent decline in the world's tourism industry. The continued growth in China's outbound tourism is mainly attributable to travel abroad for private business. In 2009, there were 42 million people who went out of the country for business reasons, which accounts for nearly 89 percent of those traveling abroad.

By People's Daily Online
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