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China tourism investment to top 1.5 trillion yuan this year
China's tourism will remain a magnet for private capital. Direct investment in the sector is projected to jump more than 20% from last year to RMB 1.5 trillion (USD 218.07 billion) this year.
China to become test bed for sharing economy innovation
Homegrown ride-sharing and home-sharing companies emerged in China early this decade, shortly after Uber and Airbnb launched in the U.S. The industry has boomed ever since.
Does Chinese social media matter outside China?
Transforming a long-standing global airline into a customer-centric digital organization begins with listening. And even outside China, the Chinese social media is part of the first step.
China rises to 15th in global tourism competitiveness ranking
China has risen to the 15th in the latest global tourism competitiveness ranking by World Economic Forum, which ranks 136 countries and regions across 14 dimensions.
China eyes tourism infrastructure upgrades to spur economy
China plans to spend about RMB 2 trillion on the tourism sector by 2020, which will contribute more than 12% of GDP.
Premier Li reflects hopes of China's 109 million middle class
Chinese Premier Li Keqiang highlighted government efforts to help boost people's wealth through productive work during his speech to the annual meeting of the National People's Congress on March 5.
IDG, Sequoia work with CYTS to set up travel fund
Sequoia Capital China, IDG Capital and CYTS jointly launched an investment fund, CYTS Hongqi Fund, to capitalize on consumer upgrade in the tourism industry.
China’s tourism revenues top RMB 4.69 trillion in 2016
China’s tourism revenues in 2016 is projected to have reached RMB 4.69 trillion, up by 13.6% YoY. The industry has contributed more than 10.26% to the country’s employment in the year.
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