A new report reveals that 45 per cent of Chinese companies expect their business travel spending to increase over the next 12 months.
The 2018 China Business Travel Survey (also known as the Barometer) by American Express Global Business Travel (GBT) and China International Travel Service (CITS) shows the strongest confidence among Chinese companies since it was launched 14 years ago.
A key finding in the 2018 report is that the portion of business travel spend allocated to domestic trips in China (as opposed to international) has grown by 18 per cent compared to the 2017 Barometer.
American Express GBT and CITS say this indicates that the level of business activities in tier two and three cities in mainland China is increasing.
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