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The Street of Eternal Happiness: Mr. Qiu meets the President

Friday, October 19, 2012 - 11:14 President Richard Nixon and Chinese Premier Zhou En-Lai eat dinner at the Jinjiang Hotel, on the Street of Eternal Happiness. They has just signed the Shanghai Communique, which officially opened up trade between the U.S. and China. Forty years ago, President Richard Nixon stood beside a helicopter on the South Lawn of the White House. He was going on a trip. “We must recognize that the government of the People’s Republic of China and the government of the United States have had great differences,” he told the crowd wishing him farewell. Nixon was headed to the Street of Eternal Happiness. That’s where he and Chinese Premier Zhou En-Lai would sign the Shanghai Communique -- the first step in opening up trade between the United States and China. They signed it at Street of Eternal Happiness number 175, the Jinjiang Hotel, an old brick building that looks the same today as it did decades ago. Qiu Huanxi was 24 years old back then. He worked the hotel’s ...

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Found more than 1 month ago on channel Marketplace.org
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Twitter CEO Dick Costolo on Jack Dorsey, ad revenue, going public

Friday, October 12, 2012 - 03:00 Justin Sullivan/Getty Images Twitter CEO Dick Costolo. Corner Office Interview: Biz Stone and Evan Williams Twitter unveils advertising platform Twitter and your privacy Twitter may block tweets in certain countries Listen: Twitter solves mobile ad riddle Twitter CEO Dick Costolo rarely gives interviews. But just a week after the Silicon Valley executive made headlines in The New York Times for alleging that Twitter founder Jack Dorsey’s role in the company was diminished, Marketplace Morning Report host Jeremy Hobson got more than 140 characters worth of answers from Costolo in a one-on-one interview. He answers questions about Dorsey’s current involvement with the company, Twitter's position on censorship, the company's advertising business, and he responds to rumors about Twitters plans to go public. Jeremy Hobson: It was created in 2006, it is the home of 140 character tweets and it now has hundreds of millions of users. I am talking, of course, about ...

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Found more than 1 month ago on channel Marketplace.org
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Moody's lowers China outlook after Fitch downgrade

Moody's Investors Service on Tuesday affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this month.

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Found 1 month ago on channel Reuters
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How the U.S. Travel Industry Is Adapting to a Growing Wave of Chinese Tourists

Tourists from China now spend more on international travel than tourists from any other country. The U.S. travel industry is slowly learning how to attract them. According to a report released last week by the U.N. World Tourism Organization, Chinese travelers spent $102 billion on international tourism in 2012, 40% more than they spent in 2011. More than 80 million Chinese traveled internationally in 2011, outspending German tourists — the longtime leader in overseas travel spending — for the first time. Those numbers have steadily climbed since 2000, when 10 million Chinese traveled abroad. (MORE: Google Fiber Heading to Austin as Cities Race to Boost Web Speeds) This remarkable growth — largely due to relaxed government restrictions on foreign travel and the rise of a Chinese middle class with disposable income — has forced the U.S. travel industry, from hotels to restaurants to shopping centers, to adapt to this influx of Chinese tourists. The hotel industry has perhaps been ...

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Found 1 month ago on channel TIME Moneyland
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How the U.S. Travel Industry is Adapting to a Growing Wave of Chinese Tourists

Tourists from China now spend more on international travel than tourists from any other country. The U.S. travel industry is slowly learning how to attract them. According to a report released last week by the United Nations World Tourism Organization (UNWTO), Chinese travelers spent $102 billion on international tourism in 2012, 40% more than they spent in 2011. More than 80 million Chinese traveled internationally in 2011, outspending German tourists – the long-time leader in overseas travel spending – for the first time. Those numbers have steadily climbed since 2000, when 10 million Chinese traveled abroad. (MORE: Report: Google Fiber Coming to Austin as Cities Race to Boost Web Speeds) This remarkable growth – largely due to relaxed government restrictions on foreign travel and the rise of a Chinese middle class with disposable income – has forced the U.S. travel industry, from hotels to restaurants to shopping centers, to adapt to this influx of Chinese tourists. The hotel ...

amenities asian austin bbc billion china chinese chinese-guest german google government hilton location mandarin marquis marriott million nation organization restrictions service services sheraton starwood states tourism tourists translation united unwto usa web westin york

Found 1 month ago on channel TIME Business
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