Good news

This from the SMH markets blog:

If this isn't good news for MTR, what is??

1:07pm: Finally some good news from CommSec's economist Savanth Sebastian.

"The China tourist boom continues to pay dividends. The number of tourists to Australia from China and Hong Kong combined is now heading towards 1.4 million in the past year – and the gap is widening on the visitors from New Zealand. In fact 52,000 more tourists visited our shores from Greater China than compared with NZ over the past year. A remarkable change when you consider that even up to three months prior annual tourists from NZ exceeded Greater China by almost 7,000.

"Looking forward, not only will the weaker Aussie dollar drive further tourism inflows, but it should provide an additional degree of support to the domestic tourism sector. Over time, the cheaper currency should make it more attractive to travel within Australia rather than overseas. Tourism has potential to join housing as a key driver of the Australian economy over the coming year, especially if the Aussie dollar falls further."

Read more: http://www.smh.com.au/business/mark...it-jitters-20160705-gpzf6x.html#ixzz4Dbi1MYwU
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