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[Travel News]: Added value of China’s tourism-related industries nears $690 billion

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The following is the [Travel News]: Added value of China’s tourism-related industries nears $690 billion from [Xinhua] recommended by TheTourAttraction.com:

The volume accounted for 4.56% of the country’s GDP in 2019, up 0.05 percentage points from a year earlier.

The added value of tourism and related industries in China amounted to roughly RMB 4.5 trillion (about USD 690 billion) in 2019, official data shows.

The volume accounted for 4.56% of the country’s GDP in 2019, up 0.05 percentage points from a year earlier, according to calculations from the National Bureau of Statistics.

Specifically, 31.3% of the total added value of tourism and related industries came from shopping, the largest contributor, while the added value of traveling came in at 1.21 trillion yuan in 2019, accounting for 26.8% of the total.

Other aspects of tourism such as entertainment and accommodation registered rapid added value growth in 2019, respectively increasing 12.9% and 10.4% from a year earlier. 

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