1. 415 mn Chinese visit tourist sites, spend USD 50 bn in holidays

415 mn Chinese visit tourist sites, spend USD 50 bn in holidays

About 415 million Chinese visited tourist attractions around the country and spent an estimated USD 50 billion during the ongoing National Day holidays, a media report said today.

By: | Beijing | Published: October 4, 2016 7:53 PM
About 415 million Chinese visited tourist attractions around the country and spent an estimated USD 50 billion during the ongoing National Day holidays, a media report said today.(Reuters) About 415 million Chinese visited tourist attractions around the country and spent an estimated USD 50 billion during the ongoing National Day holidays, a media report said today.(Reuters)

About 415 million Chinese visited tourist attractions around the country and spent an estimated USD 50 billion during the ongoing National Day holidays, a media report said today.

Altogether 415 million people visited tourist attractions around the country in the past four days, up 13.8 per cent from last year, state-run Xinhua news agency reported.

Nationwide, tourist spending rose 15.1 per cent to 340 billion yuan (USD 50 billion), it said.

Tourist visits and spending reached their peak yesterday, with about 108 million people making trips and spending about 88 billion yuan (USD 13 billion).

Railways carried over 47.73 million passengers from October 1 to October 4, up by 10.5 per cent, according to the China Railway Corporation.

A total of around 480 billion yuan (about USD 80 billion) is expected to be spent during the holiday week, 13.5 per cent more than the last year, according to a survey by China Tourism Academy and Ctrip, an online travel agency.

Grappling with dwindling exports resulting due to economic slowdown, China is reorienting its economy, shifting the focus away from export-dependent economy to the one relying more on domestic spending.

National Day holidays, which will last till Saturday, are the second biggest after Chinese New Year in February during which millions of people travel in and outside China and spend seizable amounts.

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