China's growing services sector boosts outbound tourism, increasing travel services revenue and benefiting global economies.

In 2023, China's growing services sector, fueled by rising disposable incomes, has boosted outbound tourism, particularly for leisure travel. With a significant increase in travel services revenue, Chinese tourists contribute to local economies worldwide, benefiting sectors like hospitality and retail. The trend is shifting towards personalized, high-quality experiences and niche markets such as eco-tourism. This expansion is expected to drive investment in infrastructure and sustainable tourism initiatives globally.

September 23, 2024
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