日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Graft fight dents overseas spending

By Straits Times in Singapore Asia News Network (China Daily) Updated: 2014-11-26 08:03

China-dependent foreign businesses feel pinch as officials reduce largesse

As a graduate student in Australia six years ago, Liu Jingping moonlighted at a Chinese restaurant where many Chinese government officials on "work trips" would dine.

They would order lobster and other expensive seafood that they washed down with baijiu, the fiery, sorghum-based Chinese liquor.

But such overseas government trips are a thing of the past amid Beijing's anti-graft and austerity campaigns, which are reverberating far beyond its shores, said Liu, 34, now a tourism analyst and part-time tour guide.

The China-dependent sector of the global tourism industry has been hurting since President Xi Jinping put fighting corruption at the top of his agenda after coming into power in November 2012.

From casinos in Singapore to fashion houses in Europe, tourist traps the world over are feeling the sting of the triple-whammy of China's anti-graft push, its austerity drive and its slowing economy.

With the launch of an anti-corruption network among Asia-Pacific economies earlier this month and a pledge by the Group of 20 countries last weekend to increase cooperation to facilitate the recovery of ill-gotten gains, experts say the global impact of China's anti-graft drive might get stronger.

Already, weakness in the largely Chinese VIP business at Singapore's Marina Bay Sands dragged its third-quarter, VIP rolling-chip volume down by 34 percent.

Gaming revenue at Resorts World Sentosa similarly slipped, by 21 percent.

Europe has also not been spared, with tax-refund claims by Chinese tourists growing just 18 percent last year, compared with 57 percent in 2012, said tax refund firm Global Blue. It was at 80 percent in 2010.

Education sectors in the United States and Australia have also been under pressure, partly due to Beijing cutting off funding for civil servants' further studies and officials spending less on their children's education.

Chinese applications to US graduate schools fell 1 percent this year, after seven consecutive years of double-digit growth, according to the Council of Graduate Schools.

In Australia, where more than 25 percent of students are Chinese, a similar trend of softening demand is being observed, said Michael Sainsbury, editor of the Little Red Blog, which analyzes China news.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久操伊人 | 国产精品高潮呻吟久久av野狼 | 精品视频久久久 | 天天躁日日躁狠狠躁 | 免费看三级黄色片 | 69精品在线 | 国产高清免费 | 激情丁香 | 久久久久久久久亚洲 | 国产一区二区精品在线 | 最新黄色av网站 | 国产精品理论在线观看 | 日韩国产一区 | 中文字幕6| 亚洲精品欧美精品 | 日本成人黄色片 | 国产一级免费观看 | 国产精品嫩草久久久久 | 国产一区二区三区视频免费观看 | 精品欧美乱码久久久久久 | 黄色av影院| 蜜臀av性久久久久蜜臀av麻豆 | 日韩激情综合网 | 欧美精品一二三四区 | 成人在线视频网址 | 精品日韩一区二区 | 亚洲精品乱码久久久久久日本蜜臀 | 蜜桃成人免费视频 | 成人高清 | 国产特级黄色片 | 欧美黄色精品 | 久久久久久麻豆 | 99精品国自产在线 | 日韩一区三区 | 91亚洲视频 | 日本性高潮视频 | 一级黄色免费看 | 欧美日韩综合网 | 福利视频在线免费观看 | 亚洲网站免费观看 | 午夜影院a|