Core Viewpoint - The article discusses how the depreciation of the Egyptian pound against the Chinese yuan has created a structural opportunity for Chinese travelers, allowing them to enjoy high-quality travel experiences at lower costs, thus reshaping travel preferences and service models in the tourism industry [4][5][14]. Group 1: Currency Impact on Travel - The Egyptian pound has experienced significant depreciation, dropping nearly 40% against the US dollar since March 2024, leading to a favorable exchange rate for the Chinese yuan [4][5]. - The appreciation of the yuan against several currencies, including the Japanese yen and Malaysian ringgit, has resulted in decreased travel expenses for Chinese tourists, with a reported increase in tourist numbers corresponding to currency depreciation [5][9]. - The trend of "low-cost outbound travel" is reshaping destination choices, with countries like Egypt and Uzbekistan becoming popular due to their affordability and favorable exchange rates [5][6]. Group 2: Changing Travel Preferences - Travelers are increasingly seeking immersive experiences rather than traditional sightseeing, with a focus on local living and quality of life [6][10]. - The average cost of travel in Egypt has been reported as low as 11,000 RMB for 33 days, highlighting the affordability of accommodations and food [8][10]. - The rise of "skill-based travel" is noted, where travelers engage in activities like diving and culinary experiences at significantly lower costs compared to domestic prices [16][18]. Group 3: Evolution of Travel Services - The travel market is witnessing a shift from traditional packaged tours to more flexible, customized travel services, driven by changing consumer expectations [18][19]. - The demand for local guides and personalized services is increasing, with a notable rise in the use of local Chinese-speaking guides in popular destinations [19][20]. - The outbound travel market is recovering steadily, with projections indicating a 40% increase in outbound trips in 2024 compared to 2023, maintaining China's position as the largest source of outbound tourists [9][20].

编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪刊登的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 以下文章来源于FT中文网 ，作者Jason Li 不过，与其说盯着99%这个数字，倒不如看看整张收支平衡表的变化。在决定资金的跨境流 动因素中，最重要的因素是两地之间的实际利率差。实际利率等于各种情况下利率的期望 值，和票面利率呈正相关，和坏账率呈负相关。倘若A地突然调高票面利率（或者B地降 低），使得A地实际资金利率高于B地，那资金自然从B地往A地走；反过来，B地资金利率 高于A地，那资金就要往B地跑，增加B地的资金供给。最终，市场会达成一个新的平衡。 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁英和决策者们提供每日不可或 缺的商业财经资讯、深度分析以及评论。 要以平常心对待外资变化，是因为外资数字变化是中国整体对外营商模式变化的一部分， 不可以被拎出来单独看待。 文丨Jason Li 最 近 国 家 外 汇 管 理 局 公 布 了 ...