Saturday , April 27 2024
Home / Mike Norman Economics / Xinhua — Global destinations brace for Chinese national holiday

Xinhua — Global destinations brace for Chinese national holiday

Summary:
Here come the Chinese. Hundreds of thousands of overseas shops in countries all over the world now support Alipay payment in hope of attracting Chinese tourists during the upcoming eight-day national holiday. Sixteen international airports have real-time QR code-scanning tax refund services for Chinese Alipay users, two in the Republic of Korea, and 14 in Europe, according to Ant Financial, the parent company of Alipay. "The holiday is not just a festival for Chinese, but for us as well," said Wu Qing, manager of overseas market department of King Power, a duty-free chain in Thailand. "In addition to introducing payment methods that Chinese consumers are most familiar with, we offer Chinese language service everywhere in our stores," Wu said. The upcoming holiday starts on Oct. 1.

Topics:
Mike Norman considers the following as important: , , ,

This could be interesting, too:

Michael Hudson writes China: Local Flowers Bloom

tom writes Europe’s foreign policy has been hacked and the consequences are dire

tom writes The corruption of US foreign policy & weaponization of antisemitism

Michael Hudson writes Understanding America’s Post-Industrial Economy


Here come the Chinese.
Hundreds of thousands of overseas shops in countries all over the world now support Alipay payment in hope of attracting Chinese tourists during the upcoming eight-day national holiday.
Sixteen international airports have real-time QR code-scanning tax refund services for Chinese Alipay users, two in the Republic of Korea, and 14 in Europe, according to Ant Financial, the parent company of Alipay.
"The holiday is not just a festival for Chinese, but for us as well," said Wu Qing, manager of overseas market department of King Power, a duty-free chain in Thailand. "In addition to introducing payment methods that Chinese consumers are most familiar with, we offer Chinese language service everywhere in our stores," Wu said.
The upcoming holiday starts on Oct. 1.
Justin Watson, chief commercial officer of Christchurch International Airport in New Zealand, said the airport had undergone many changes to attract young Chinese tourists, including supporting Alipay.
He said over 400,000 Chinese tourists visited New Zealand last year, most of them young people....
A report by Ctrip, one of China's largest online travel platforms, said an expected 6 million Chinese tourists would travel and shop overseas during the upcoming holiday. 
China.org.cn
Xinhua
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *