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Despite the Chinese economy on pace to record its slowest growth in more than a decade, the Chinese upper and middle classes continue to demonstrate a propensity for travel. This year Chinese travel will increase incrementally not only domestically, but internationally as well. An estimated 35 million Chinese citizens will travel abroad this year . This number

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China’s Consumer Confidence Improves Slightly in July Chinese consumers, particularly those with bank cards, were slightly more confident in consumption in July, as inflation eased to the lowest level since February 2010, according to an index released Thursday. The Bankcard Consumer Confidence Index (BCCI), compiled by the Xinhua News Agency and China UnionPay, a national

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Chinese consumers have become one of the most sought-after prizes of marketers.  While many of the world’s consumers flounder under the weight of the GFC, China’s middle class just keep spending more.  But such a prize has brought many courters, making China one of the most competitive markets in the world, and a market where

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President Obama signed an Executive Order and announced new initiatives to significantly increase travel and tourism in the United States. The U.S. tourism and travel industry is a substantial component of U.S. GDP and employment, representing 2.7% of GDP and 7.5 million jobs in 2010 – with international travel to the United States supporting 1.2

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Jim Wilson of Eirth, attended the Global Business Travel Association (GBTA) in Boston. The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings organization. Collectively, GBTA’s 5,000-plus members manage over $340 billion of global business travel and meetings expenditures annually. GBTA provides its network of 17,000 business and government travel and meetings

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  China is already the world’s largest Internet market, and — driven by increased smartphones sales — that vast ocean of Web users has grown 11 percent year-on-year to reach 538 million, according to a report from the China Internet Network Information Center (CNNIC). The data from the government endorsed organisation actually shows a slight decrease

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As seen here in the Brisbane Times of Australia, the Chinese are coming!   CHINESE payments system operator UnionPay aims to take on global bankcard players Visa and MasterCard in a push for rapid growth in Australia. This follows years of local trials and is aimed at smoothing the way for Chinese tourists and students

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This article from AdAge asks the question: China: Can You Afford to Ignore the ‘Other Internet?’   While Lau Seng Yee, the president of leading Chinese portal Tencent, delivered his presentation at Ad Age’s Digital Conference about the explosion of Internet use in China, I was shaking off jet lag from my recent trip to China. While there,

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As seen by this post from Bloomberg.com ICBC Gets Fed Nod As Chinese Banks Seek U.S. Growth Industrial & Commercial Bank of China Ltd. won approval to buy a U.S. lender in the biggest opening of the American banking market to Chinese companies, less than a week after economic talks in Beijing. The Federal Reserve allowed ICBC to

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  Take a look at this blog post from one of our EIRTH Gate clients: Two Billion Cardholders Coming to the U.S.? by CREDIT CARD PROCESSING on MAY 17, 2012 in AVP SOLUTIONS NEWS AND EVENTS In challenging economic times, where might two billion new cardholders come from? Two billion “sudden” new customers, most of them ready to start buying

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