Chinese Tourist Arrivals Plunged Nearly 30% Week Over Week

[arick]

Because flights are at 1/3 capacity compared to this time before corvid !!! 

[sscc]

22 hours ago, Iron Tongue said:

I think Chinese visitors as a major group has ended for possibly decades.   

Most Chinese have gone back to squirreling away their money in preparation for some really, really hard times.  If they vacation, it will be mostly domestic travel.

The real estate market, which accounts for 20% of China's GDP, is crashing with no way to fix it.

China has built so much new housing that even if their population (1.4 billion people) doubled, it still wouldn't be enough to fill all the excess capacity.

Nobody knows what this will do to China, or the global economy, but if cash-strapped Chinese real estate investors start dumping their foreign holdings, RE and banking institutions worldwide would nosedive along with China.

First 6 months of 2023,   China GDP growth was 5.5 %.. 

 

May be you still don't know  last week both Citi Bank and J Morgan Bank raised China 2023 growth projection.