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China's tourist industry suffers $20.4 billion
AFAR
5/30/2003
The World Travel & Tourism Council (WTTC) reports that SARS could bring damage costing $20.4 billion, says India’s Financial Express.
Regarding its direct impact, SARS is likely to bring down 24.5% of its GDP and cost 2,802,210 jobs in China. This virus, however, indirectly may cause $7.8 billion in export, services, and retail industries. WTTC predicts that SARS’ impact upon China’s tourism will last at least six months.