“Products that just scratch the surface, like simple tours of famous universities, have fallen out of favor with the market,” Zhang says.
Language training, NASA’s space camp, computer programming, homes
tays, wild animal care and desert and museum experiences are among the most popular options.
“Certain volunteering and public-welfare routes have seen a particularly fast increase in bookings,” Zhang says.
During the recent winter vacation in February, study-t
rip bookings surged by 80 percent compared with the same period of last year.
Domestic trips cost roughly 4,500 yuan ($663) per capita on ave
rage, while expenditures hit 21,000 yuan for outbound experiences, the agency reports.
Parents from Shanghai, Beijing and Guangdong province’s Guangz
hou and Shenzhen are the most willing to spend, according to Ctrip’s data.
Ballard County and has been set up to use the carp acquired by the fish center. Twelve tracts of land inside the park are for sale.
On opening day, eight tracts were already claimed, with most of the investors coming from China.
Jiang Chenguang, an internet businessman from the Guangxi
Zhuang autonomous region, launched the United Fisheries Group to process carp into fish balls
and fish cakes for export to China. Two Rivers Foods will process smoked fish, and has already shipped a smoker to the site.
A business called Lakeside City has been formed to process carp into salted fish, while
Eco Fish, which already existed, has hired fishermen to catch carp, process them and recycle waste into fertilizer.
Zhu Hongwei, a hotel and catering businessman from Jiangsu province, decided on the day the indus
trial park opened to buy one tract of land for food processing. “I will decide how to process the fish later,” Zhu said.
niscent of local experiences, artistic and portable. “The souveni
r market is huge and growing, given the expanding Chinese middle-inc
ome population and consumers’ increasing purchasing po
wer. But to earn money in this market, souvenir-makers should do a much better job.”
China has the world’s largest and fastest-growing middle-income group (more than 400 m
illion, or 140 million families as of 2017), said Ning Jizhe, head of the National Bureau of Statistics, in January.
Their annual family income is between 100,000 yuan and 500,000 yu
an. This enables them to buy cars, properties and tourism packages, Ning said.
“Many im2pulsive purchases will be made during travels, either for self or to gift to relatives and friends,” said He.
factor in Chinese outbound investments in 2018. “If you are a company where real estate and property development is your ma
in line of business I think you will have a better chance of getting your foreign investment approved,” he said.
Despite the decline in Chinese investment, the US commercial real estate markets weathered the loss of capi
tal well. Because New York and San Francisco receive two-thirds of every Chinese investment dollar according to the
report, the effect of the falloff was limited, according to Barry Hersh, a real estate professor at New York University.
Overall, China fell to third in total foreign investment in American real estate behind Cana
da and Singapore, according to the report. Bitner said other sources of capital stepped in to fill the void. “Capital fro
m Canada, Singapore, Japan and South Korea is coming into the US market,” he said.