Tag: Tourism

New Year, New Trends: Tourism, Housing, and Manufacturing

A total of RMB 423.3 billion was spent on tourism during this year’s Chinese New Year holiday period, a 15.9 percent increase from last year according to the National Tourism Administration. As part of a seven percent increase in outbound...

/ February 20, 2017

Major Chinese Travel Agencies Agree to $5.9 Billion Share Swap

Shuang Shan Baidu Inc.—the majority shareholder of Qunar Cayman Island Ltd—agreed to swap shares worth nearly $5.9 billion with Ctrip.com International Ltd in exchange for a 25 percent stake in Ctrip.com. At the completion of the deal that was revealed...

/ October 28, 2015

Universal Studios to Open $3.3 Billion Beijing Theme Park

By Ellen Huber US film company Universal Studios Inc. has teamed up with state-owned Chinese partner Shouhuan Cultural Tourism Investment Company to build a $3.3 billion theme park in Beijing. The park—which will be owned by the partners and a...

/ October 20, 2014

China’s Melting Pot

by Joseph LukLast August, I joined an educational tour, the China Energy Trip, led by students from Jiaotong University in Xi’an, Shaanxi. The trip started in Shanghai, took us through Henan province, and ended in Xi’an. The group was a...

/ April 1, 2012

China’s Travel and Tourism Market Takes Off

The rapidly expanding tourism sector poses opportunities for innovation and product differentiation as more Chinese travel at home and abroad.by Vincent Lui, Youchi Kuo, Justin Fung, Waldemar Jap, and Hubert Hsu Not long ago, most Asian tourists were from Japan,...

/ January 1, 2012

The 2008 Olympics’ Impact on China

From new construction projects to attracting the spotlight, the Olympics will have a lasting effect on China. For the PRC leadership and most Chinese, the July 13, 2001 International Olympic Committee (IOC) announcement that Beijing would host the 2008 Olympic Games...

/ July 1, 2008