From breakingviews: Chinese tourists’ reverse-Marco Polo is no fluke KarenKkwok edwardhadas
A Chinese tourist takes a selfie as he passes by a shop with bags in Rome, Italy October 22, 2018.
In March, Italy signed a memorandum of understanding on infrastructure investments with China. That made it the first Group of Seven major developed economy to join China’s Belt and Road initiative. This pet project of China’s leader Xi Jinping is supposed to be a 21st century version of the Silk Road on which Polo travelled.
The cash-strapped Italian government could use the help. Tourism already accounts for 13% of Italy’s GDP, and the coachloads of Chinese tourists will add to the haul. There are also many more Chinese who can come. Italy currently takes only a 1.9% share of the Chinese outbound travel market, according to ForwardKeys data. Chinese foreign visitors are expected to spend $315 billion in 2020, consultant McKinsey forecasts.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Breakingviews - China’s rate reform inches along the market pathOn Breakingviews – China’s rate reform inches along the market path, says cbeddor
Baca lebih lajut »
Chinese Police Probe Gun in FedEx PackageChinese police are investigating the presence of a gun in a package shipped by FedEx to China from the U.S., the latest scrutiny directed at the American shipping company by Chinese authorities.
Baca lebih lajut »
China's central says new loan benchmark to be based off medium-term liquidityA new benchmark interest rate Chinese banks will need to use to set lending rate...
Baca lebih lajut »
Japan shrine for war dead vandalized by man claiming to be ChineseJapanese police on Monday arrested a man claiming to be Chinese for throwing a b...
Baca lebih lajut »
The Minimalist Tool That Will Transform Your Tomato SauceThink a hand-cranked food mill is too old-timey? Chef Marco Canora swears it's the key to simple cooking.
Baca lebih lajut »