TITLE:
Research on the Deficit of China’s Tourism Service Trade and Countermeasures
AUTHORS:
Chunfan Guo, Chuan Liao
KEYWORDS:
Tourism Service Trade Deficit, Outbound Tourism, Inbound Tourism
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.7 No.3,
March
21,
2017
ABSTRACT: Tourism service trade is a kind of service trade, which refers to the
activities that one country or region’s tourism practitioners provide service
and get paid in use of the controlled tourism resources to consumers of other
countries or regions. It can not only earn foreign exchange, but also promote
the residents’ consumption abroad. Since the reform and opening up, tourism
service trade revenue has been an important source of China’s trade in service.
But the deficit of China’s tourism service trade reached $113.6 billion,
accounting 57.7% of the service trade deficit. With the Chinese tourism service
trade deficit ballooning in size, based on the fact of tourism service trade
deficit, this article systematically analyzes what causes the deficit from the
perspective of the international trade. In the last of this paper, some
suggestions, such as governmental macroeconomic regulation and control, modest
relaxation of the lens into the visa caliber, ensuring the stability of the
overall price and the RMB exchange rate, optimization of the international
tourism enterprises and products, optimization of the structure of China’s
tourism service trade, are brought forward.