[Ultramanoid]

This is very much so. It is even used by the Chinese government as significant economic leverage over Taiwan. In times of political confrontation ( such as with the present DPP government ), the Chinese authorities regulate ( read : prevent or even stop completely ) tour operators from managing large numbers of Chinese tourists in Taiwan. This prompted the Taiwanese government's recent shift to strongly promote tourism in other Asian countries, starting with the many agreements with Japan in this regard.