Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Effect of new holiday plan on tourism industry
Adjust font size:

With the release of a new plan to overhaul the nation's national holiday system, public debates are taking place over the prospect of tourism industry and the investment returns on tourism-related stocks. The new plan would certainly produce a significant influence upon the entire tourism industry, especially tourist plans for city residents.


Industry researchers said that the new plan would promote the development of short- and medium-distance tourist sectors, but it would have a negative effect upon the development of long-distance domestic tours and overseas tours.


However, the development of the tourism industry is fundamentally decided by economic growth and upgrade of consumption structure.


The major driving force for the tourism industry is the increase of per capita disposal income. China's rapid GDP growth in recent years has greatly bulged people's wallets and gradually changed their consumption structure, spurring more demands for tourism, promoting the sightseeing and leisure tourism sector to experience an annual growth rate of over 20 percent.

For more details, please read the full story in Chinese (

( November 14, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号