The average annual number of domestic tourists that traveled around China increased by 11.7% in 2010, reaching 21 million. And national revenue from that domestic tourism increased by 18.9%, reaching 1.26 trillion yuan, or about $194 billion. Overnight hotel stays, another indicator of domestic tourism, have also steadily climbed from 369,000 in 2005 to 439,717 in 2009 (most recent data).
China may be on the verge of introducing a major bailout package for its reportedly ailing government financing vehicles. Investors should tread cautiously. More
Despite all the warning signs about China's slowing economy, the wealth there continues to grow at a blistering pace, and foreign banks are racing to cash in. More
