China's domestic tourism is experiencing a strong recovery, with 3.67 billion visits and revenue of 3.7 trillion yuan in the first three quarters of 2023, marking year-on-year increases of 75% and 114% respectively. Additionally, the country's railways saw 3.56 billion passenger trips in the first 11 months of 2023, a 126% year-on-year increase. Furthermore, the domestic tourism trips in China are expected to reach 5.407 billion in 2023, with a total revenue of 5.2 trillion yuan, reflecting a recovery to 90% and 91% of 2019 levels, respectively. Moreover, China's cross-border e-commerce sector has witnessed steady growth, with total imports and exports reaching 1.7 trillion yuan in the first nine months of 2023, up 14.4% year-on-year. Amazon has also introduced initiatives to assist Chinese merchants in selling abroad, including opening an innovation center in Shenzhen, the first in the Asia-Pacific region. Additionally, ecommerce accounts for about half of the air freight that Cathay Cargo ships through Hong Kong, leading the company to accelerate investment in ecommerce and southern China to meet the rising demand.
China's cross-border e-commerce sector maintained steady growth, with the sector's total #imports and #exports reaching 1.7 trillion yuan (about $239.13 billion) in the first nine months of 2023, up 14.4% YoY, data from the Ministry of Commerce showed Thursday. #ecommerce #trade https://t.co/Dvp6YSwV5g
Domestic tourism in China recorded 3.67 billion visits and a staggering revenue of 3.7 trillion yuan ($520.47 billion) during the first three quarters of 2023, representing YOY increases of 75% and 114% respectively, official figures showed Thursday. https://t.co/fCsF23fAqB
Amazon introduces a slew of initiatives to help Chinese merchants sell abroad, including opening an innovation center in Shenzhen, the first in the Asia-Pacific (@cocof1026 / South China Morning Post) https://t.co/k6oo5W92e9 https://t.co/Bcp8JA0aMM
“Owen estimated that ecommerce made up about half of the air freight that Cathay Cargo shipped through Hong Kong, adding that the company had accelerated investment in ecommerce and southern China to keep up with demand.” https://t.co/NXnKk2rfnq
There will be an estimated 5.407 billion domestic trips taken in China in 2023, with revenue reaching 5.2 trillion yuan ($725 billion) - around 90% of pre-pandemic levels. Check out more Daily Tones: https://t.co/cNqXI6rGBa https://t.co/u1Z0OKyeFt
China's #railways saw 3.56 billion passenger trips made in the first 11 months of 2023, up 126% YoY, data from China State Railway Group showed Wednesday. #Travel https://t.co/OIN6eLTzoR
China's domestic tourism trips are expected to reach 5.407 billion in 2023 with a total revenue of 5.2 trillion yuan ($724.36 billion), reflecting a recovery to 90% and 91% of 2019 levels, respectively: latest data from the China Tourism Academy #China #tourism https://t.co/ScB8Dt7fM7