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According to the National Association of Realtors, Chinese investors were the most active foreign buyers of US real estate last year, spending a record $6.1 billion on primarily Florida and California properties. A record $6.1 billion was spent on properties in Florida and California by Chinese investors last year, according to the National Association of…
Chinese property developers are in a severe financial situation, and a state bank official with intimate knowledge of the situation says the country will set up a fund to help them out. The fund would attempt to raise $300 billion yuan ($44 billion) in order to restore investor trust in the industry. After months of…
Several economists expect that China will avoid a Japan-style stagnation — if the right policies take effect. In the second quarter, China’s GDP barely rose, while Covid lockdowns slowed growth. These limitations are no longer in place. Despite this, the government is awaiting a meeting of policymakers at the end of the month to discuss…
President Aleksandar Vučić of Serbia has announced that Air Serbia would begin operations between Belgrade and Tianjin, China. The action is in response to Hainan’s statement that it would begin service between Beijing and Belgrade. The route is scheduled to begin in October, but government approval is needed. These flights will deepen the relationships between Serbia…
China’s central bank and the Ministry of Culture and Tourism issued a joint announcement on Monday regarding the enhancement of financial support for the culture and tourism industries, including the expansion of financing measures and the reduction of financing costs for businesses, in order to boost the recovery of this COVID-ravaged sector. The two departments…
Datuk Tan Kok Liang, head of the Malaysian Association of Tour and Travel Agents (Matta), believes that Chinese tourists will return in huge numbers once Beijing eases travel restrictions for its residents. “We feel China has a huge impact on the tourism industry in Malaysia and the entire Asean area.” “We hope to see a…
Despite assurances that depositors in China’s Henan villages will receive their frozen funds in installments, with the first payment due on July 15, only a handful of depositors have received payments, raising serious doubts as to whether banks have any funds left over. On July 10, over one thousand depositors gathered outside the Zhengzhou branch…
China’s launch startup and tourism group are jointly investigating the space tourism market. CAS Space, a Chinese launch services company, has signed a cooperation agreement with a massive state-owned travel company, boosting China’s fledgling space tourism efforts. The Beijing-based rocket company CAS Space and the Hong Kong-based China Tourism Group recently signed an agreement to…
The company’s research indicates that parents with overseas education experiences and students wishing to broaden their international perspectives and gain enlightening life experience continue to encourage Chinese students to pursue opportunities abroad.“By 2022, 48 percent of students who intend to study abroad will already have international study experience, and this percentage has risen steadily over…