China

Tourist attractions don’t come cheap in China

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.

Published

9 years ago

April 30, 2012

Zhang Fang

Sector relying too much on expensive tickets, Jiang Xueqing and Li Jing report in Beijing.

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.

via Tourist attractions come at a high price|Photos|chinadaily.com.cn.

China

Clear skies over Asia’s new foreign investment landscape?

Published

6 days ago

May 3, 2021

East Asia Forum

Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

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China

Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

Published

2 months ago

March 10, 2021

Henrick Z Tsjeng

On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

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China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

Published

2 months ago

March 4, 2021

The World Economic Forum

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

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