Chinese tourism dips
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/chinese-tourism-dipsPosted on Wednesday, December 3rd, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Even with the Beijing Olympics, the number of foreigna title=travel target=_blank href=http://www.google.com/hostednews/afp/article/ALeqM5hD6cTC0Up–0-iIDN_wtIh60Zi8A tourists traveling to China dropped/a by 1.9% in the first 10 months of 2008. brbrThat surprises me, but the Chinese National Tourism Association thinks it will get even worse next year.brbrForeign visitor arrivals are sure to decline next year as a result of
the global economic slowdown , so we must focus our efforts on
stimulating domestic demand. brbrThat may put pressure on travel-related companies in China.
Last 5 posts by Tony Sagami
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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