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Currency and Security are Top Concerns for Chinese Tourists

December 12, 2016/0/0/

Political events in the United States and Europe have taken center stage on the world landscape in recent months, leaving experts wondering how these political changes will affect the global business climate. China has been a particular focus of speculation, as political changes will affect both the overall balance of power over the long term, […]

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Market Turmoil in China – What’s in Store for 2016?

January 11, 2016/0/0/

It was a tumultuous start to 2016. As the week began, amid a sudden devaluation of the RMB, the Chinese market plunged 7 percent, triggering a market suspension. Instead of calming nerves, the market suspension — or “circuit breaker” mechanism — then arguably caused more panic, with shares falling yet again before stabilizing. By the […]

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Manu Ginobili’s surprise start sparks Spurs to 114

January 11, 2016/0/0/

Manu Ginobili’s astonish start sparks Spurs to 114 Manu Ginobili had 24 points and 10 assists in a big surprise to anyone start to spark the San Antonio Spurs to a 114 104 victory over the Miami Heat in Game 5 of the NBA Finals on Sunday night, Pushing the Spurs one victory away from […]

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New CLA Report: Chinese Tourist Spending to Double by 2020

September 28, 2015/1/0/

The world’s top tourism spenders since 2012, Chinese travelers are poised to become even more valuable for retailers, hoteliers, and travel destinations worldwide. According to a new report by China Luxury Advisors and the Fung Business Intelligence Centre (FBIC), total overseas spending by Chinese tourists, which is expected to increase 23 percent this year to […]

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What Does China’s Currency Devaluation Really Mean for Luxury?

August 17, 2015/0/0/

Last week was a tumultuous one for international markets and the luxury industry. China’s unexpected announcement of a “one-off” devaluation of the Renminbi (RMB) — which actually happened twice — stunned markets, with shares falling across the globe. However, it was arguably those in the luxury sector that were hit the hardest, with firms such as LVMH […]

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