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As Deadly Flood Ravages Chinese City, Beijing’s Censors Go Into Overdrive Suppressing ‘Negative Energy’ Content

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Heavy rains are flooding cities in central China, leading to rising casualties and widespread destruction of property. Information about the disaster is increasingly difficult to come by, as the Chinese Communist Party (CCP) ramps up censorship of any content that it deems contains “negative energy.” By July 22, the Chinese regime announced that 33 people have died from the flooding, with eight missing. But videos recorded by locals suggest much a higher figure. Chinese netizens, meanwhile, have taken to social media demanding the regime reveal the true death toll. During recent rescue efforts, bodies were found in a submerged tunnel of the worst-hit city thus far, Zhengzhou, on July 22. Zhengzhou is home to over 12 million people, and the capital of central China’s Henan Province. While locals demand transparency, the regime has been busying itself promoting so-called positive energy propaganda programs. Such content includes those praising party officials, the …

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Business

China’s Travel Surge: Expanded Visa Exemptions Enhance Tourism and Business Prospects, Improving Access for Travelers and Strengthening Global Connectivity – Travel And Tour World

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China has improved travel access by expanding visa exemptions, attracting millions of international visitors and fostering cultural exchanges, while enhancing global connectivity and positively shifting perceptions of the country.


The Shift in China’s Travel Landscape

China is experiencing a travel boom driven by a significant reduction in visa restrictions. Starting December 1, 2023, travelers from 38 countries, including major European nations, can visit visa-free for up to 30 days. This change reflects China’s commitment to enhance global mobility and revitalize its tourism industry post-pandemic. As a result, international arrivals increased to over 8.1 million by the third quarter of 2024, marking a 48.8% rise from the previous year.

Exploring Beyond Traditional Destinations

The new access has prompted travelers to seek immersive experiences, venturing beyond iconic sites like the Forbidden City. Tourists increasingly explore local cultures and markets, enhancing their understanding of daily life in China. Guides have adapted, offering tours that include cultural hotspots and local culinary experiences, thereby enriching the overall visitor journey and promoting authentic engagement.

Broader Implications for Global Connectivity

China’s visa-free initiatives foster greater international connectivity and cooperation in trade. As foreign travelers find it easier to engage with Chinese businesses, reciprocal visa easings may follow globally. The improved perceptions of safety and hospitality, highlighted through social media, contribute to a renewed interest in China’s diverse cultural landscape and its potential as a primary travel destination.

Source : China’s Travel Boom Expanded Visa Exemptions Boost Tourism and Business Opportunities, Easing Access for Travelers and Strengthening Global Connectivity – Travel And Tour World

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Banking

HSBC to Scale Back China Credit Card Operations Amid Expansion Challenges – Reuters

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HSBC is withdrawing from its China credit card business due to difficulties in expanding, marking a strategic retreat in a challenging market environment.


HSBC’s Strategy Shift in China

HSBC is scaling back its credit card operations in China, highlighting challenges the bank has faced in expanding its customer base. The competitive landscape, combined with changing consumer preferences, has made it increasingly difficult for the bank to maintain its position in this lucrative market.

Market Challenges Ahead

Recent reports indicate that HSBC is reassessing its strategy, focusing resources on other areas where it sees stronger growth potential. The decision to pull back reflects the broader difficulties foreign banks encounter when trying to penetrate China’s financial services sector.

Future Focus

As HSBC pivots away from its credit card business in China, it aims to concentrate on digital banking and wealth management services. This strategic shift underscores the bank’s commitment to adapting to the evolving landscape of financial services while ensuring long-term sustainability in the region.

Source : Exclusive: HSBC pulling back from China credit card business after struggling to expand – Reuters

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Business

iClick Interactive Finalizes Strategic Divestment of China Marketing Business | ICLK Stock Update

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iClick Interactive announced the completion of its disposal of demand side marketing solutions in mainland China, aiming to improve operational efficiency, liquidity, and profitability to enhance long-term shareholder value.


iClick Interactive Completes Business Disposal

HONG KONG, Nov. 27, 2024 /PRNewswire/ — iClick Interactive Asia Group Limited (NASDAQ: ICLK), a leading online marketing provider in Asia, has finalized the sale of its demand side marketing solutions business in mainland China. This move aligns with a share purchase agreement dated September 11, 2024, signaling a strategic shift for the company.

Enhancing Operational Efficiency

The company plans to enhance operational efficiencies and realign its focus to meet evolving market trends. These initiatives aim to boost liquidity and profitability, potentially increasing long-term shareholder value. iClick aims to leverage its strengths to drive business growth amidst dynamic industry conditions.

About iClick Interactive

Founded in 2009, iClick offers data-driven online marketing solutions across Asia, helping brands optimize performance throughout the consumer lifecycle. For further information, visit iClick’s investor relations. This release contains forward-looking statements about the company’s strategies and performance; actual outcomes may differ.

Source : iClick Interactive Completes Strategic China Marketing Business Divestment | ICLK Stock News

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