Chinese tourism is not just an industry, it's a force, a double-edged sword that can make or break or break markets, for evidence look no further than the contrasting fortunes of Macau and Australia.
In November Macau's gambling revenue fell 32% over the previous year, the 18th straight monthly fall.
Meanwhile income from tourism services fell 15% in the September quarter according to govt figures.
Contrast this to Australia, where Chinese tourism numbers are booming.
The October inbound visitor stats show a 26% year on year increase in visitors for the month to about 96,000.
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