Feb 17, 2012

Record numbers of Chinese hit the sights and the malls in U.S. - USATODAY.com

Recent growth of Chinese economy let their people traveling the world easier.
Record numbers of Chinese hit the sights and the malls in U.S. - USATODAY.com

For Chinese people, it used to be a difficult thing to get VISA and travel abroad freely, but it changed in the past few years.
Not only US government but Japanese, Taiwanese and some other countries welcome Chinese travelers to come fry over and spend money in their countries. They made their regulations much easier for Chinese travelers to enter their countries. 

In Tokyo, I noticed more and more Chinese signs in and outside of the stores. Even the sign of "Union Pay" -Chinese bank debit card- can be found in some stores to attract Chinese tourist to spend their money. 
Surprisingly many numbers of shops in major towns like Shinjuku, Shibuya, Ginza,.... hire Chinese spoken service associates for those tourist from China.

Mid '80s to early '90s, Japanese economy growth was exactly the same. Japanese personal investors kept buying land and facilities in Tokyo and institutional investors had spent so much money on buying American facilities and companies till the "Bubble" economy burst and gone.
Nowadays, Chinese investors are buying land and facilities in Japan, USA and others.

We will see if we, human beings, learn something from the past... or "History repeats itself"!?

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