How Big is China Business Travel?

We have already seen that China business travel is having a bright scope in the sub-continent and due to the rising import/export and global sourcing trends in China, it is likely to grow even more in the future. But this is a mere quantitative statement not of much interest to a statistician or a researcher who deal and believe in numbers even if they are an estimate and not the exact value. So let us try to find out a few statistics about China business travel and how the expanding activities of import/export have affected them.

According to even the most conservative of estimates, the China business market is going to become the third largest in the world by the year 2010. This estimate is not based on any guesswork but has been found through laborious surveys conducted by the American Express business travel on the subject of corporate business travels. Of course the methods used to carry out the survey might be different but several such surveys point out to similar results. Even otherwise it is common sense to think that since China business, import/export and global sourcing is expanding at a phenomenal rate; associated activities of business travel are certainly going to increase. Agreed that in the current times technology has developed a lot and business managers can communicate with other people without ever physically leaving their location, yet at the same time it must be remembered that human interaction lies at the bottom of these activities and therefore travel related to China business will certainly be on the rise.

Another projection of future figure estimates has shown that by the end of the second decade of this century i.e. by the year 2020, business travel in China would involve at least five times more people travelling across the nation as they travel today. This certainly seems to be a very positive projection about the China business and certainly it indirectly indicates that the import/export and global sourcing activities are also going to be on the rise. Another figures show that nearly 20 billion US dollars are spent every year on the domestic travel related to business tours in China.