Millions of Chinese staying home shackle Southeast Asian growth

(Image: Bloomberg)

Mon, 10 Jul 2023

By Yihui XieSoutheast Asian nations that were counting on Chinese travellers to drive tourism revenues and their economies post-covid are finding the flow of visitors far from the flood they were hoping for.China’s slower-than-expected economic recovery has left its population more hesitant to spend money heading abroad. The result: the number of Chinese arrivals in five Southeast Asian countries varied between 14% and 39% of 2019 numbers in May, the latest official data compiled by Bloomberg News show.The visitor statistics suggest...

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