Whitebridge APAC Hotels Monitor, Issue 5
The region is waiting and watching as tensions rise between the giant Kaiju of the Pacific Rim, namely China and the USA, over economic principles and regional control. A situation perhaps further complicated by China's uncertain economic outlook. After many years of debt-fuelled economic stimuli (estimated at around 12.5% of GDP during the GFC), debt today stands at 300% of GDP. Whilst such levels of debt are large for a normal country, China is somewhat unique. Its large asset reserves, the sheer scale, and central control structure mean that China will continue to drive growth in the region, including tourism numbers.
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