An Empirical Analysis Of The Factors Affecting Chinese Inbound Tourism Foreign Exchange Income

Since the reform and opening up in 1978,the Chinese government has planned a policy of opening up to the outside world.After "opening to the outside world" and starting with foreign hospitality such as foreign dignitaries and business visits,China's tourism industry has gradually expanded.Forty years later,the proportion of tourism industry in China's economy is increasing.In 2013,After the entry into force of the Tourism Law of the people's Republic of China,the change of tourism order leads to the competitive environment of service,and at the same time,more attention is paid to the strengthening of service spirit of service providers and the understanding of service value of consumers.And expect China to provide high-quality service to foreigners and improve China's tourism image.According to China's National Bureau of Statistics,in January-December 2017,the number of inbound Chinese tourists reached 139.48 million,earning US $123.4 billion in foreign exchange earnings,the second largest in the world.China will become the world's largest tourist destination by 2020,according to a forecast released by UNWTO(World Tourism Organization.With the increase in the number of inbound tourists,inbound tourism foreign exchange earnings will continue to increase.Therefore,it is of great significance to study the influencing factors of inbound tourism foreign exchange income.This article first carries on the related concept to the inbound tourism foreign exchange income.Define the underground definition,then describe the current situation of China's inbound tourism growth and the composition of China's inbound tourism foreign exchange earnings.On the basis of this,the paper examines the considerable and competent factors affecting foreign tourism.This paper collects the data of inbound foreign exchange earnings from 31 provinces and municipalities in China from 2012 to 2016,and empirically analyses the influencing factors of China ' s inbound tourism foreign exchange earnings by using the panel data regression model.The selected variables are museum cultural relics,RMB exchange rate,consumer price index,GDP,number of people employed in air transport,general public budget expenditure,urban green area,resident population of the region,and more than nine smoke emissions.According to the selected variables,the factors affecting the foreign exchange earnings of China ' s inbound tourism are analyzed by using STATA12.0.The results show that the collection of cultural relics,CPI index,the number of people employed in air transport,the general public budget expenditure and the emission of smoke are the factors affecting the foreign exchange earnings of China' s inbound tourism.The conclusion part,using the conclusion of empirical analysis above,examines the influence factors on the foreign exchange income of inbound tourism in China.In order to increase China's foreign exchange income and develop China's tourism industry,some policy suggestions are put forward.