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More and more Chinese travelers tend to spend their vacation in foreign countries, and the U.S is one popular destination for them. In terms of the number of entries and consumption of Chinese travelers in the U.S, Brandusa estimates China is going to be the largest inbound tourism market for the U.S in 2018. At

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Los Angeles announced a record-breaking level of international visitors for the city last year, led by inbound visitors from China. In 2014, a record 6.5 million international travelers visited Los Angeles, a 5.6 percent growth over the previous year, driven by a 20.4 percent surge in Chinese visitors, according to the Los Angeles Tourism and

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China e-commerce transaction value was estimated to be over RMB12 trillion (US$1.95 trillion) with an increase of 20% YoY in 2014 according to the report from the conference of China MIIT. China’s e-commerce industry will account for 18% of the total retail sales in 2018, up from 8% in 2013 estimated by Morgan Stanley. It was estimated that national

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(Beijing) – Visa and MasterCard executives eager to expand in China were thrilled recently when Premier Li Keqiang seemed to suggest that a door would open to them for bank card yuan business in the country. But they had read Li wrong: The premier’s statement in late October did not signal an opening to overseas

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An agreement announced by the White House this week would slash tariffs on technology products. The plan still needs to be approved by a World Trade Organization working group, but meanwhile the tech industry is praising the breakthrough in U.S.-China trade relations. Over the years the trade relationship between the United States and China has

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Chinese visitors are already flocking to California, and a visa change that takes effect tomorrow could increase the number of Chinese tourists coming to the state. In 2013 more than 800,000 people visited California from China and spent nearly $2 billion here. 70 percent went to Los Angeles and almost half went to San Francisco. The

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HONG KONG (CNNMoney) Lines at Disneyland and Tiffany & Co. could be getting longer as more and more Chinese tourists name America as their top vacation destination. The number of Chinese visitors coming to the United States will more than triple by 2020, according to a new report from brokerage CLSA. The new wave will

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The latest transaction data issued by China UnionPay shows that bankcard interbank transaction amount reached 32.3 trillion yuan in 2013, up 48% yoy. As UnionPay card acceptance environment continues to be optimized, and product service improved both at home and abroad, UnionPay cards are playing more and more important role in serving people’s livelihood, boosting

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Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us in April that it was all about to happen. Basically, the method used by the IMF adjusts for purchasing power parity, explained here. The simple

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China UnionPay (CUP) is much less well-known than other major credit card brands, so many people might be surprised to learn that it is now the global leader in plastic, with nearly four billion in circulation, good for a 34-per-cent global market share. It is also the global leader, with over US$5 trillion (Bt160 trillion)

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