Tourism
Revenue Reports 2-Digit Growth for 7 Successive Years
Foreign tourists in Shanghai. |
According to an official of the National
Tourism Administration, China's tourism revenue increased by
an average two digits annually from 1996 to 2002 -- an increase
far above the average GDP growth rate. Tourism is emerging as
a new engine in the Chinese economy, the number of foreign tourists
and amount of foreign currency generated in China by tourism
ranking the fifth in the world. By the end of 2002 foreign investment
utilized in tourism reached US $50 billion, accounting for 11
percent of the total in all sectors in China.
