CNA938 Rewind - China wants tourists to spend big – but can they revive the economy?
With domestic consumers tightening their belts, Beijing is turning to foreign tourists to boost spending. From tax refunds to visa-free schemes, China hopes visitors will splurge. Experts say inbound tourism could help sectors like retail and hospitality, but it may not solve deeper economic challenges. Andrea Heng and Hairianto Diman look at how much foreign tourism can prop up China’s economy with Dr Kevin Cheong, Lecturer (Business), University of Newcastle (Australia)