We all know China is a growing economy and market for almost everything. Well this now also includes the tourism export industry as the Chinese people are now travelling to international destinations more frequently due to ease of getting a passport and their own increasing wealth. Here Dr Marc Faber talks about what he observed while he was in Macao and other parts of Asia.
"The Chinese tourist group is the largest group in the world. 90 million Chinese travel overseas every year. They first go to Macao to casinos. Gradually they are moving to other countries in South East Asia, by the way also US and Europe. For instance in Thailand arrivals from China was up 90 percent. In some months they were up 100 percent."