Domestic tourism has recovered since the end of the pandemic as Chinese people prefer to holiday at home.
As people around the world rushed to vacation abroad following the pandemic, the term “revenge travel” became widely used. Despite three years of harsh lockdowns, China is proving an exception to this global ‘vengeance’ phenomenon.
Countries hoping that China’s reopening would send hordes of Chinese visitors — once among the world’s biggest spenders — back to their hotels and shops have been left sorely disappointed. While travel barriers are gradually easing, many Chine
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
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