Tourism companies see sunny days ahead

Investment in China's tourism industry will exceed 1 trillion yuan ($161.2 billion) this year, up from 705.3 billion yuan in 2014, the China National Tourism Administration revealed on Friday.

Despite the national economy entering its "new normal" of more sustained but slower growth, the CNTA's Chairman Li Jinzao insisted the tourism sector expects stronger growth during 2015 and beyond.

The term "new normal" gained ground in China in May 2014, and it is used to describe the need to remain cool-headed as economic growth slows.