Research on the Deficit of China’s Tourism Service Trade and Countermeasures

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.