By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: China Tourism and Business Boom Coming
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Stocks > Asia > China Tourism and Business Boom Coming
Asia

China Tourism and Business Boom Coming

Shayne Heffernan Ph.D.
Last updated: January 9, 2023 12:25 am
Shayne Heffernan Ph.D.
Share
3 Min Read
SHARE

China removed certain COVID-19 restrictions on international passenger flights on Sunday, with domestic and international tourism expected to pick up steam as the Spring Festival holiday approaches.

The move timed right on Chinese Ney Year will bring a lift to Crypto and Stock markets around the world.

Measures will be taken to ensure that freight at various ports will return to pre-epidemic levels as soon as possible and that outbound tourism for Chinese citizens will be resumed in an orderly manner, according to the Civil Aviation Administration of China.

The optimized policies and measures include the resumption of accepting and approving Chinese citizens’ applications for ordinary passports for tourism purposes and visiting friends abroad.

China also optimized its regulations on travel between the mainland and Hong Kong and Macao, according to a statement of the State Council Hong Kong and Macao Affairs Office. International travelers will be able to enter the mainland via Hong Kong and Macao, and restrictions on the passenger load factor for flights between the mainland and Hong Kong and Macao will be lifted, according to the document.

According to the Ministry of Culture and Tourism on Monday, China saw about 52.7 million domestic tourist visits during the previous three-day New Year holiday, up 0.44 percent year on year.

The tourism revenue generated over the holiday exceeded 26.5 billion yuan (about $3.8 billion), up 4 percent from the same period last year, according to the ministry.

“The national culture and tourism market is generally safe, smooth and orderly,” the Ministry of Culture and Tourism said.

Short-distance tours are trendy among travelers during the holiday period, with sustained popularity for ice and snow activities and camping among young people, according to the ministry. The data also shows a steady recovery in the country’s medium- and long-distance travel, with some online travel agencies reporting a significant increase in ticket bookings for cross-provincial and cross-border tourism over the holiday.

Given the significant number of potential Chinese tourists, the recovery of China’s outbound travel is expected to play a vital role in the rebound of both domestic and global tourism markets.

Within half an hour of the reopening policy announcement, searches for overseas destinations shot up by 1,000 percent, hitting a three-year high, according to Chinese online travel agency Ctrip.

Other Asian countries are among the first ones to benefit from this wave of outbound travel. Data from Trip.com Group showed that the number of orders for outbound flight tickets sold soared 254 percent on the morning of December 27, compared with the same time a day earlier. Singapore, the Republic of Korea, Japan and Thailand were among Chinese tourists’ most popular destinations.

As China’s policy of optimizing regulations on travel continues to generate strong interest globally, tourism authorities in several countries, including Thailand, Canada, Australia, New Zealand and Denmark, have posted on Weibo since December 27, inviting Chinese tourists to visit.

You Might Also Like

Iran Strikes U.S. Bases in Qatar and Iraq

Understanding the Dow Jones Industrial Average

Saudi Arabia’s Digital Revolution

De-Dollarization Is Inevitable

US Bombs Iran: Escalation and Implications

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article China downgrades COVID-19
Next Article Ching Lee HKG:3728 Upgraded


Latest News

USA Bombs Iran
America Gold Headline News Middle East Opinion Politics Shayne Heffernan Shayne Heffernan June 21, 2025
Bitcoin Dip Is Your Opportunity
America Bitcoin Crypto Featured Headline News Knightsbridge Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Sovereign Individual Strategy World War 3 June 21, 2025
Eight Killed in Brazil Hot Air Balloon Crash
Headline News Travel June 21, 2025
Iran Rocked by 5.1-Magnitude Earthquake
Headline News June 20, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?