BEIJING: The Ministry of Culture and Tourism China recently announced at its fourth-quarter press conference that 560,000 cultural enterprises in China generated USD 890 billion culture and tourism revenues in the first three quarters, 7.6% more than last year.
In the first nine months of this year, about 4.597 billion domestic trips were made by Chinese travelers, up 8.8% year-on-year. Visitor arrivals to China increased by 4.7% to 108.76 million and outbound trips from China rose 8.5% to 119.9 million.
Official data also show that bonds issued by the National Development and Reform Commission for culture and tourism enterprises in 2019 had a total value of CNY 77.7 billion (USD 11 billion), more than five times higher than last year.
During the year, China invested a total of CNY 17.7 billion (USD 2.5 billion) in 85 international culture and tourism collaborations under the Belt and Road initiative.