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MNI BRIEF: China To Increase Outbound International Tourists

MNI (Beijing)

China has expanded the scope of countries where travel operators are allowed to offer outbound tour group vacations, according to the Ministry of Culture and Tourism on Thursday.

According to Wind, experts anticipate the move will increase the need for international flights in H2, which follows the Politburo meeting in July calling for an increase to international flights. (See MNI BRIEF: China Says To Support Private Investment - Bonds & Currency News | Market News)

Policymakers recent measures to stabilise the yuan, coupled with stronger stimulus in H2, could strengthen CNY below CNY7.0 against the U.S. dollar, advisors and traders told MNI recently. (See MNI: Yuan Seen As High As 7.0 After PBOC, Politburo Moves - Bonds & Currency News | Market News)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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