2007-3-18 11:42
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Tourism now 6.1% of GDP
With the rapid development of the nation's economy and remarkable increase in h)?#R2u`)p2s
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disposable income, the country's tourism industry is flying. 7P)P sIb!hz
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Inbound, outbound and domestic tourism are all showing expansive growth, with
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tourism revenues now accounting for 6.1 percent of total GDP. H$e0h Y9n#V
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Growth is due to newly opened international destinations, improved domestic
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transportation and infrastructure, and overall economic development and ]~h)q:Q:ya/Bo
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stability in China, according to market research firm Euromonitor International.
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The China National Tourism Administration (CNTA), says that the industry will
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grow at least 10 percent each of the next five years, while the World Tourism grbZ-y5L3E\f5c
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Organization predicts that China will be the world's largest tourism market by
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2020.
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The government's support of outbound tourism has been instrumental in the
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surge of Chinese consumers travelling abroad. By December 2006, 129 countries "[`8L7V?}1@
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and regions had been approved as destinations by the CNTA, a dramatic increase 7s"a? EM*V eM]
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from the six approved in 1999. $o'^{ Zb?.g+h o @
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An example of government efforts to expand tourism is an agreement last year \}/N
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with Australia allowing all Chinese citizens to visit the continent. Before only
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citizens from eight provinces and municipalities, including Beijing, Shanghai
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and Guangdong Province, were allowed to travel there.
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Africa was also opened to Chinese tourists in 2006, with more than 10 I
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countries, including Egypt, Kenya, Tanzania and Namibia, qualifying as approved
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destinations. #Gjb Py,l"L
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Increased travel has naturally brought benefits to airlines and hotels, e3O!YL6OlK
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Euromonitor's research shows. O:YbQ:M._*M]
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The aviation industry continued to show strong profits despite high fuel
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prices that boosted costs 23.5 percent.
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China National Aero-Technology Import