Mailman X Business Weekly | July 5th
Here is China’s top tourism business news that you need to know from this week:
Briefing: China cuts foreign investment restrictions amid thawing trade tensions
The National Development and Reform Commission (NDRC) and the Ministry of Commerce jointly released newly revised lists on Sunday that grant foreign investors more access to major sectors and its free trade zones. The revised negative lists and foreign investment catalog were announced a day after the China-US trade tensions showed signs of easing at the G20 meeting, although the Chinese government said they were “self-motivated reform measures.” Read more here.
After the G20 talks in Japan, President Trump and President Xi Jinping agree to re-start trade talks, this is a move in a step to thaw the on-going tensions between China and the United States. Although these moves do not guarantee agreements, it is a step in the right direction. Overall sentiment among Tier 1 cities and independent travelers have remained relatively positive and neutral in regards to tourism between the two countries. The biggest issue stated by Chinese travelers has been a fear in their ability to obtain a Visa to travel to the United States. While tensions rose over the last 6 months, now is the time to look to aim your marketing strategy to independent travelers as they are less affected by travel warnings due to their familiarity with the United States and travel in general.
Also this week:
We want more Chinese students: Donald Trump says the US looking for new ways to keep scholars in the country
US President Donald Trump said he wanted more Chinese students to go to the United States as concern grows about Chinese scholars in American academia. “We want to have Chinese students [go] to our great schools and great universities. They are great students and tremendous assets,” Trump said on the sidelines of the Group of 20 Summit in Osaka, Japan, on Saturday. He said his administration was looking for a new way – a “smart person’s waiver” – to allow successful overseas university students to remain in the United States more easily after graduation. Read more here.
Shanxi government tells students to avoid search engines for applications
“Remember not to use a search engine to find the online application website. A search engine may misdirect you to an unofficial website which leaks personal information, and applications submitted to such websites are not valid,” the Shanxi Provincial Admissions and Exam Center said on a document assisting Shanxi high school graduates with college applications. The notice did not name Baidu specifically. However, the search giant commands 70% of China’s search market according to data from analytics provider StatCounter. Read more here.
Young Chinese Embrace the ‘Naked Resignation’
Young Chinese are increasingly embracing the so-called naked resignation, in which a worker resigns from their job without a backup plan or even worrying about what comes next. The practice is often framed as symbolic of a generational shift in values, with young people less interested in centering their lives around work, but I wonder if it isn’t indicative of a shift in material conditions. Read more here.
Latest Spider-Man film tops Chinese box office
Superhero film “Spider-Man: Far from Home” collected 670 million yuan ($97.9 million) at the box office in its first three days in Chinese cinemas, accounting for nearly two-thirds of the country’s total box office revenue last week. Read more here.
Faking Street photography: why staged street snaps are all the rage in China
It looks as if they are spontaneously photographed or filmed by one of China’s many street photographers, but it is actually staged. Chinese online influencers – or the companies behind them – are using street photography as part of their social media strategy. It is not just individuals who are setting up these shoots; there are also companies and brands that do so in order to make their (fashion) products more famous. Read more here
Giant Beijing Airport set to open on the eve of China’s 70th birthday
Beijing is set to open an eye-catching multi-billion-dollar airport resembling a massive shining starfish, to accommodate soaring air traffic in China and celebrate the Communist government’s 70th anniversary in power. By 2040 the hub is expected to have expanded to eight runways including one for military use and will be able to welcome 100 million passengers per year — which will make it the world’s largest single terminal in terms of traveler capacity, according to its designers. Read more here.
Amazon Quits the China Market — another U.S. e-commerce giant failing in China
Amazon will close its domestic e-commerce marketplace business in China, effective from July 18. The company will keep running other business sections in China, including Amazon Web Services, Kindle ebooks, and cross-border operations. The exit marked an end of the company’s 15-year journey into the China market for their rigid localization in business strategy and management. Read more here.
Jin Jiang, Radisson launches first co-branded hotel
At the Radisson Blu, Chinese-speaking guests and travelers enjoy a special welcome ceremony upon check-in and will find a range of features, from collateral such as menus and welcome cards available in Chinese to guests having the ability to pay for anything with Chinese Union pay cards. In the guestrooms, kettles and a choice of Chinese teas will be provided along with Chinese television channels or Chinese newspapers, available via the Radisson Blu One Touch app. Read more here.
Shanghaiers are having fun with a new waste-classification mini-program on Alipay
Shanghai residents who are fretting over a new waste management regulation which will take effect next Monday can now look to an Alipay mini program for help. The waste classification guide is a third-party mini program on Alipay which tells users which bin to put their waste in. All they have to do is type the name of the waste item. Read more here.
Vacation rental services set to boom
China’s vacation rental and homestay market, which clocked sales of 19.1 billion yuan ($2.8 billion) in 2018, is expected to surge this year, thanks to the wanderlust of fast-growing middle-and high-income groups, supportive policies, and the increasing popularity of homestays. Read more here.
Race to the 5G metropolis
China will be the world’s largest testbed for the use of 5G technology. The country is racing to deploy ultra-high-speed cellular networks—and to be the first to develop applications for it. The approach is classic China: bidding for technological leadership with extensive support for research programs, huge infrastructure investments, and fierce competition between regional and local governments. Read more here.
After vowing to compete with Google for talent, Huawei now wants to hire ‘geniuses’
The Chinese phone and telecoms equipment maker is under a ton of pressure. The company’s executives last week that the company would like to hire 20 to 30 “geniuses” this year and another 200 to 300 next year, with the idea being that these outstanding intellects inspire the entire staff and nudge them towards big achievements. Read more here.
Mailman X is a China digital consulting agency for the travel industry. Reach out here for more information.