More flights more opportunities

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With more Chinese students in the UK universities and British schools set campuses in China, more flights are scheduled. It reached one hundred flights in Oct.

With more Chinese students in the UK universities and British schools set campuses in China, more flights are scheduled. It reached one hundred flights in Oct.

Apparently the pound now is 30% down the value in exchange since July, more Chinese took advantage for  shopping trips in the UK to get anything genuine made in UK. Shoppers tend to do homework before their departure. They map out the shopping stops en route their sightseeing. Somewhere like Bicester is a must, Oxford and Bond street are the ones absolute not missed out.

Harrods has seen the sale bumped up recent years, not to forget mention those shoppers from China, they make quick decisions and not to lose out their ‘bargain hunts’. Some shops saw the Chinese leaving with several same items, stocks are cleared and everyone’s happy.

Brands definitely are major turn on. With time, the Chinese consumers are getting more sophisticated, they choose the items more to their own tastes, not to be driven blindly by the brands temptation. This trend offer opportunities for more businesses.

The other day, a friend showed me a bone china cake stand, with pretty floral pattern, it looks very English certainly. She said she discovered it at a family shop in the small alley way, she likes it so much and bought three, similar pattern but in different colours. She carried them as hand luggage. The shop must be smiling.

It looks more flights bring more opportunities for the holiday makers and the business.

 

To Go

Photo of Shanghai Cuisine

Yuan is here to stay

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The 1st of October is the National Day of China. It is normally the sort of bank holiday in the country. This time it overlapped the weekend, people have long weekend apparently.

The 1st of October is the National Day of China. It is normally the sort of bank holiday in the country. This time it overlapped the weekend, people have long weekend apparently.

In the older days, we’d go to NanJing Road for a walk after the family gathering dinner at Grandma’s house, which was located at one of the avenues across the busiest commercial road in Shanghai, NanJing Road. It would have festival lights beaming after dusk. It still has, just not only on the National Days.

With long extended weekend, people go on holiday somewhere, walking in NanJing Road is not most sought after these days. Too many people, grumped by the locals. The Shanghai-ese has long ventured out their holiday walks, from the city to afar. As always over the past few years, I scrawl down WeChat, the images posted on the “Moments”’ from different parts of world record my friends and family’s where about. They are gallivanting everywhere, package holidays, or self organised get-away. Just within this year, there have been 120 million overseas visits from mainland Chinese and only 650 million Chinese have passport.

This time, the 1st of October arrived with momentum, Chinese currency Yuan is officially one of the five currencies of SDR which IMF approves, that means yuan is equally important as dollar, euro, yen and sterling in the global financial market. The currency can convert freely in the market.

This can be huge, the impact is big in many ways, the scale of its significance can only be measured by time. In a very plain way, that means we can exchange the yuan at M&S and its alike before we holiday to China, rates fluctuate accordingly like the rest. For business, it can hedge and reserve directly. On the other hand, there can be more money flow from China, more than just come with its tourists.