 China freezes price hikes of admission tickets to tourists spots
(Xinhua)
Updated: 2008-04-29 20:50
But analysts said a long-term cure to the problem is to upgrade current fiscal system to make sure local finance is wealthy enough to deal with local capital input demand and simultaneously strengthen the supervision of the expenditure of transfer payment from central government.
Researcher Wen Guifang said the campaign had "negligible impact" on easing consumer inflation because tourism is light-weighted in the Consumer Price Index which eased to 8.3 percent in March from a nearly 12-year high of 8.7 percent in February.
"Accommodating and transportation account for the largest share of tourism expenditure. Admission charges are just negligible," he said. (1 US dollar equals 6.99 yuan)
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