Chinese increasingly fond of travel, and spending abroad

China has had a trade surplus in goods for a long time, but in another type of trade it is running a deficit that continues to grow.

Dai Bin, head of the China Tourism Academy, said on Tuesday that the country will see a deficit in tourism revenue of more than $100 billion this year as Chinese spend more in cross-border travel than foreign visitors' spend here. Last year, the deficit was $77 billion.

Although domestic tourism is expected to boom next week during the National Day holiday, it won't help narrow China's deficit in tourism services.