A shot in the arm for global tourism industry: China Daily

BEIJING - The first group of Chinese tourists in three years arrived in Dubai, the United Arab Emirates, on Monday, which marked the resumption of China’s overseas group tours.

The number of overseas trips Chinese tourists made totalled 155 million in 2019, the world’s largest, with their spending amounting to US$138 billion , accounting for one-fifth of the global total. China’s resumption of overseas travel for its citizens is undoubtedly welcome news for the development of the global economy. It is not just because the large number of Chinese tourists will inject hope into the revitalisation of the tourism industry in some countries. It is also because it is a sign that the country is continuing to open up to the world.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Emerging market funds see big inflows in January on China reopeningEmerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China's reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »