Holiday time, and thoughts turn to visiting places of interest and scenic areas to enjoy, at leisure, nature’s bounty. But rising admission prices may cast a shadow over such plans. During the Tomb Sweeping holiday in April, the ancient town of Taierzhuang in Zaozhuang, Shandong province, quietly raised holiday ticket prices, for tourists, from 100 yuan ($15.90) to 160 yuan. Taierzhuang is not alone.
From May 8, ticket prices for the Jinggangshan Scenic Area in the southwest of Jiangxi province will go up from 226 yuan per person to 260 yuan.
According to a report in the Beijing News, nearly half of the 130 top-level scenic areas nationally excluding those in Hong Kong, Macao and Taiwan have ticket prices which are now in excess of 100 yuan. About 90 percent of more than 1,000 Internet users said in an online poll that they think a price below 100 yuan is more acceptable.
Tourism experts said the price hike is reasonable, to a certain extent. Commodity and service costs are rising generally. However, government investment in tourist sites is lagging, and this puts the onus on operators to boost income. But the system is not uniform and prices vary.
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.
Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.(more…)
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.
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