Destination: China

Article Abstract:

China's tourism sector is expected to welcome 53 million international tourists in 1997, and tourist revenues reaching $11 bil. China is investing in improving its tourism sector, with the expectation that tourism will contribute about 8% of China's GDP by the year 2010, amounting to an overall annual revenue of $60 bil. International tourists accounted for $10.2 bil of the $30 bil total revenue for 1996, wherein 51 million visitors visited China. The remaining $20 bil came from domestic tourism. China ranks as the fifth popular destination and ninth in terms of tourism revenues, according to the World Tourism Organization.

International Affairs, HOTELS AND OTHER LODGING PLACES, Tourist Travel, Travel & Tourism Policy, Forecasts and trends, Travel industry, Tourism, Tourism policy

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State-owned bank offers financing for car buyers, with a Chinese spin

Article Abstract:

The Construction Bank of China (CBC) has developed a car loan program to achieve its market-based goals, such as to increase in automobile ownership, to offer of commercial services and to increase automobile sales. However, the program has its limitations. First, loans are made available only to Jetta sedan buyers. Second, only three CBC branches offer said loans. Other government banks are planning to create similar loan offerings.

Commercial Banks, Mortgage and Nonmortgage Loan Brokers, Consumer Automobile Loans, Banking industry, Services, Automobile loans, Construction Bank of China

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China to add to Thai fund.; analysts see a well-timed strategic effort

Article Abstract:

China has agreed to extend a $1 billion aid for the Thai government to restructure its financial system. The move will help China become a major player in regional affairs and is seen to boost China's position in international trade through the management of currency devaluations prevalent in the region. The contract was brokered by the International Monetary Fund and is a package that is not seen to hurt the Chinese economy.

Administration of General Economic Programs, Currency Stabilization Programs, Foreign Aid-Loans, Thailand, Economic assistance, Foreign economic assistance, Chinese foreign relations, Thai foreign relations, Currency stabilization, Foreign loans

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