THE MACAU METRO MONITOR, JANUARY 15, 2014
WHERE THE RICH CHINESE ARE TRAVELING IN 2014 WSJ
Japan has emerged as the most desired destination for China’s wealthy travelers this year, according to a recent report by Travelzoo Asia-Pacific. The weak yen has made Japan a new shopping paradise for deep-pocketed Chinese travelers. Travelzoo is a mass-market player in most countries, but it targets the high-end travel market in China.
While Chinese tourists are becoming fonder of visiting foreign countries, the feeling isn’t mutual among foreign travelers visiting China. The number of people who entered mainland China fell by 2.5% YoY during the first 11 months of 2013, while their expenditure fell more by 4.4% in the same period, according to China’s Tourism Bureau.
CHINA DECEMBER NEW YUAN LOANS MISS EXPECTATIONS RTT News
Chinese banks extended CNY 482.5 billion in new yuan loans in December, less than CNY 570 billion forecast by economists. China's aggregate social financing came in at CNY 1.23 trillion in December, unchanged from November, but higher than the expected CNY 1.14 trillion.