Domestic tourism in China hit record highs in the first half of this year, with both trips and spending posting simultaneous growth — a performance experts said underscores cultural and tourism consumption as one of the most resilient and dependable pillars of the nation's economy.

A building spree left state-backed developers with idle projects and heavy debts, exposing another stress point in the country’s chronic local government financing problem

Domestic tourism in China hit record highs in the first half of this year, with both trips and spending posting simultaneous growth — a performance experts said underscores…