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China's increasing flows of people -- particularly students and tourists -- is an expanding business opportunity for businesses in destination countries, so companies can take advantage of such trends by adapting to Chinese tastes.
China's cruise industry has experienced rapid development over the past decade. According to China Communications and Transportation Association (CCTA), 15 cruise ports in China received 5,807 passenger liners with 18.1 million outbound and inbound tourists in 2017.
China's economic rebound has been a bright spot for some US multinational companies that have seen domestic revenue fall amid the slowdown caused by the COVID-19 pandemic.
China's experience in recovery
China's leading automaker, FAW Group, a State-owned enterprise based in Changchun, Jilin province, announced that it had sold 200,000 Hongqi brand vehicles as of Sunday, achieving a fivefold increase within five years.
