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SNAPSHOT OF CHINESE OUTBOUND TRENDS

China Tourism Academy and Ctrip have launched the 2018 Chinese outbound travel report. Here’s a snapshot of the key points: ● Chinese made 150 million outbound trips in 2018, representing a 14.7% growth over 2017 ● Among these, Chinese only made 71.25 million overseas trips (excluding Hong Kong, Taiwan, Macau). This shows that the overseas travel market has good potential. ● The average spend...
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Traveling becomes a regular part of life for Chinese

Recently released statistics showed that traveling is increasingly becoming a regular part of life for millions of Chinese. A second Chinese time-use survey by the National Bureau of Statistics (NBS) showed that the average daily leisure time in the country was one hour and five minutes last year, an increase of 25 minutes compared with 2008, when the survey was first...
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Is China Catching Up to the United States in Innovation?

BY ROBERT D. ATKINSON AND CALEB FOOTE | APRIL 2019 One of the most important economic questions facing advanced nations is, how innovative is the Chinese economy? For those in the “China cannot innovate, they can only copy” camp, Europe, Japan, and the United States should stop worrying about issues such as intellectual property theft, forced technology transfer, and massive subsidies...
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Bulgaria gets five bids in Sofia airport tender

SOFIA, April 11 (Reuters) - Airport operators from Britain, Germany, France and Denmark filed bids to run and operate Sofia Airport, Bulgaria’s main air hub, in a tender for a 35-year concession, the transport ministry said on Thursday. The Balkan country is looking to raise 550 million euros ($619 million) from the concession, 280 million of which should come in an...
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Tujia sees rich pickings from overseas tours

Tujia.com, a Chinese online platform for booking shared accommodation, will beef up its presence in overseas markets, such as Japan and Southeast Asia, which are especially favored by Chinese travelers, as it strives to boost its revenue in 2019 by 100 percent year-on-year. "We will continue to increase investments in overseas markets, such as establishing branches or subsidiaries in popular tourist...
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Year of tourism for China, Pacific island countries launched to promote cultural, personnel exchanges

The 2019 Year of Tourism for China and Pacific Island Countries was launched on April 1 at a grand ceremony in Apia, capital of Samoa, with colored fireworks and wonderful cultural programs. Luo Shugang, China's minister of culture and tourism, read a congratulatory message extended by Chinese President Xi Jinping to the event at the ceremony. In a speech delivered at the opening...
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Russia banks on BRI to build strong aviation ties with China

Russia banks on BRI to build strong aviation ties with China

Surge in passenger traffic triggers demand for more links between two countries Direct flights between Russia and China are set to surge, thanks to a considerable increase in the number of Chinese tourists making outbound trips, said a senior official of Moscow Sheremetyevo Airport. Alexander Nikonov, head of the foreign...
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Bulgaria will open a visa center in Xi’an this year

From March 29th to 31st this year, Xi'an Silk Road International Tourism Expo was held in Xi'an. Mr. Grigor Kalynov Polozhanov, Ambassador of the Republic of Bulgaria in China, attended the opening ceremony of the tourism exhibition and was interviewed after the meeting. During the interview, he talked about Bulgaria's tourism resources and key tourist activities this year. He also revealed...
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German Leoni Cuts 2,000 People and Lowers its Forecast for 2019. Will the Investments in Bulgaria be Affected?

German cable systems manufacturer Leoni warned that it would not reach its profit target set just a month ago. In addition, the company plans to cut 2,000 people. "The company faces a challenging environment in the markets, especially in China," Leoni said, adding that orders from car manufacturers dropped significantly. On questions from Money.bg, the German company replied that major management...
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Minister: China world’s largest source of tourists

Luo Shugang, minister of culture and tourism, said with the number of overseas trips made by the Chinese last year reaching 150 million, China has become the largest source of tourists in the world. In an interview on March 8, the third ministers' "passage interviews" of this year's two sessions, Luo took questions from the media on China's tourism industry. He told...
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