The resilience of the Chinese economy can be best depicted by its optimistic view of the tourism industry, in a statement released to the media, the China Tourism Academy Director has forecast the economy to reach US$289 billion by June this year.
This is despite the lockdown in Shanghai with a 28 million population, the surge in cases in Hong Kong, and the zero Covid policy the country has adopted. With Taiwan distancing from the policy, China and Hong Kong is the only 2 country in the world continuing with the policy.
However, the Middle Kingdown is fairly unperturbed by what the rest of the world thinks, CTA says more than 1.9 billion domestic trips are expected to be made within China in the first half of the year. As of March, an estimated 973 million domestic trips were made, bringing in domestic tourism revenue of 640 billion yuan.
“We have reason to make relatively optimistic estimations about China’s tourism economy in the first half. But there are uncertainties brought by the resurgence of the epidemic, and we need to pay close attention to the COVID-19 response and people’s willingness to travel, among others,” CTA Director Dai Bin said