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China's Tourist Surge Boosts Spending

This is a China news story, published by CNBC, that relates primarily to CSI news.

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CNBC's The China Connection newsletter: Tourism surge defies consumption slowdown

Summary

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90% Informative

China reported 314 million domestic tourist trips over the May Labor Day holiday, up from 195 million in 2019 .

Surging interest in history and culture are helping, as is ease of transportation.

Tourism revenue increased by 8% to 180.27 billion yuan during the holiday from a year ago .

China 's recently built transportation infrastructure is encouraging locals to visit smaller cities.

Inbound travel to China around the May Labor Day holidays rose by more than 40% from last year .

China has expanded its visa-free policies in the last two years to attract foreign tourists.

Ten people died after four tourist boats capsized in southwest China 's Guizhou province .

China 's CSI 300 was up 0.44% while Hong Kong's Hang Seng Index rose 1.5% .

VR Score

Informative language

Neutral language

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formal

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English

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not offensive

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not hateful

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not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

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Source diversity

mp.weixin.qq.com www.gov.cn www.sc.gov.cn english.news.cn www.nps.gov www.mfa.gov.cn www.caixinglobal.com us.china-embassy.gov.cn english.www.gov.cn www.nhc.gov.cn www.mct.gov.cn whc.unesco.org m.weibo.cn

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