|Bid||68.16 x 100|
|Ask||69.99 x 100|
|Day's Range||67.68 - 68.17|
|52 Week Range||50.57 - 69.01|
|PE Ratio (TTM)||-6.20|
|Expense Ratio (net)||0.64%|
As official data showed Chinese travel spending increased, data in the places where those tourists were spending -- on luxury brands or on pricey destinations -- showed declining Chinese tourist trends. Standard Life Investments emerging markets Economist Alex Wolf writes that "there are clear indications that travel was used to move capital abroad," but this "does not refute the fact that genuine tourism spending has still increased significantly and Chinese tourists will continue to be a driving force in global tourism spending." Chinese government data shows tourism spending overseas increased from roughly $100 billion in 2012 to approximately $250 billion in 2015, with the average traveler spending $1,300 in 2013 and $2,300 in 2015. Wolf writes: " ... This sudden surge in Chinese spending is seemingly backed up by countless anecdotes.
As per a survey conducted by Reuters and INSEAD, business confidence in Asia rose to 74 in the second quarter of 2017.
Trade is a vital part of China's gross domestic product (GDP) development. As the Chinese government tries to maintain the levels of production that characterized the nation's past economic boom, decreasing demand and a shifting commodity market isn't making it easy. Who are the country's biggest trading partners?