_china39s-domestic-tourism-surges-by-28-during-may-day-holiday.jpg "China's Domestic Tourism Surges by 28% During May Day Holiday from dennis ballinger real estate Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 275K times
✓ Published: 07-May-2024
👁 View: 275K times
✓ Published: 07-May-2024
Description:
China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.
China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.")
_the-wash-nareeb-124-may-6-2024-124-farmonline.webp "Property sale video from The Wash at Nareeb. Video from Elders Real Estate.")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.webp "The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.")
_no-selling-the-oc39s-ali-still-hasnt-gotten-her-real-estate-license.webp "No, Selling the OC's Ali Still Hasn’t Gotten Her Real Estate License")
_how-to-buy-a-small-business-with-no-money-down.webp "Chelsea Mandel and her firm Ascension Advisory are on a mission to help small business buyers borrow a $17 billion a year tactic from private equity’s playbook known as sales leasebacks. But finding the right deal is nearly impossible.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/brandonkochkodin/2024/04/22/how-to-buy-a-small-business-with-no-money-down/?sh=30bace386bc8<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_kraft-factory-simpson-124-may-3-2024-124-farmonline.webp "Property sale preview of Kraft factory at Simpson. Video from Ray White.")
_best-arsenal-football-players-ever.webp "Ranked! The 10 greatest Arsenal players of all time.")
_the-all-electric-volkswagen-id-7-tourer-interior-design.webp "Volkswagen is driving forward its major product offensive in the mid-sized class with pre-sales of the new ID.7 Tourer. Following the new ID.7 fastback saloon, new Passat and new Tiguan, the first all-electric Volkswagen estate-car is already the fourth new mid-sized model in just a few months. The business and leisure all-rounder can now be configured and ordered at prices starting at 54,795 euros. As one of just a few manufacturers, Volkswagen is present on the European market with three estate models in the important upper mid-sized class: the sporty Arteon Shooting Brake, the completely newly developed Passat Variant and the ID.7 Tourer. With this model range, Volkswagen offers all relevant drive types in the mid-sized class and thus a particularly large choice for customers.")
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg)
_the-wash-nareeb-124-may-6-2024-124-farmonline.jpg)
_irs-quietly-changes-the-rule-on-how-your-childrens-inheritance-will-be-taxed.jpg)
_no-selling-the-oc39s-ali-still-hasnt-gotten-her-real-estate-license.jpg)
_how-to-buy-a-small-business-with-no-money-down.jpg)
_kraft-factory-simpson-124-may-3-2024-124-farmonline.jpg)
_best-arsenal-football-players-ever.jpg)
_the-all-electric-volkswagen-id-7-tourer-interior-design.jpg)
![[+]](/images/menu.gif){kind=small}