Chinese Tourism to the US Declines: Chart

For the first time in recent years, Chinese tourists to the US declined by 5.5% in 2018. Trade fight and other American actions against China are putting off Chinese from visiting the US according to a recent article at DW. This negatively impacts American businesses.

Chinese tourism to the US – Chart:

 

Chinese are no longer poor or middle-class travelers on  a tight budget. Compared to other foreigners, Chinese spend well while in the country as the chart below shows:

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From the DW article:

The impact of the drop in arrivals is likely to be felt throughout the US economy. American companies have put considerable resources into becoming China-friendly, especially as Chinese tourists spend an average of $5,900 per trip — about half more than visitors from other countries.

Although the Chinese have gained a reputation for boorish behavior on foreign trips while being transported to the usual tourist traps in large tour groups, the stereotype is increasingly inaccurate.

China is now one of the world’s wealthiest countries, and many of its citizens have substantial travel budgets to splash on luxury transportation, accommodation, and shopping.

Source: US loses billions as Chinese tourists stay away over trade war, Duestche Welle

 

Infographic: Coke and Diet Coke – The Fact and The Fiction

There are plenty of myths surrounding Coke(KO), the once great popular soda. Many of them are simply not true. The following infographic shows some of the facts and fictions about Coke and Diet Coke. For instance, a can of Coke contains about 9-10 teaspoons of sugar which is a lot. No wonder Coke and competitor Pepsi(PEP) are dying brands and the craze for these drinks has declined sharply among American consumers.

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Source: Compound Chem

Disclosure: No Positions

The Top 10 Global Brands in Home Appliances by Revenue: Chart

The following chart shows The Top 10 Global Brands in Home Appliances by Revenue. Chinese brand Midea is the world’s number one brand. The other Chinese brands in this ranking are Haier and Gree which are ranked the fifth and sixth. While foreign brands used to dominate the domestic market China, that is no longer the case. Nowadays Chinese brands not only dominate the local market but also have become major global players as well fiercely competing against established brands.

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Source: China Brands Muscle MNCs Out of Home Turf by Grace Yan, Nikko AM

The only US brand in the list is Whirlpool.