www.buy2greece.com – Boeing predicts nearly $1 Trillion airplane orders from China in 20 years

Boeing, China’s leading provider of commercial airplanes, projected a demand in the country for 6,330 new airplanes over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) in Beijing, estimating the total value of those new airplanes at $950 billion.

“Despite the current volatility in China’s financial market, we see strong growth in the country’s aviation sector over the long term,” said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. “Over the next 20 years, China’s commercial airplane fleet will nearly triple: from 2,570 airplanes in 2014 to 7,210 airplanes in 2034, with more than 70 percent of these deliveries accommodating growth.”

“China’s aviation market is incredibly dynamic, from its leading airlines to its startups and low-cost carriers,” said Ihssane Mounir, vice president of Sales and Marketing for Northeast Asia, Boeing Commercial Airplanes. “Boeing is committed to serve customers in the world’s largest airplane market by providing the most fuel-efficient airplanes and services to support their growth and profitability.”

As China becomes the world’s largest domestic air travel market, Boeing is forecasting demand for 4,630 single-aisle airplanes through 2034. This sector is driven by growth in new carriers and low-cost airlines in developing and emerging markets, as well as continuous expansion in established airlines. In fact, the efficiency and flexibility of single-aisle aircraft like the 737 helps Chinese carriers connect and stimulate growth along the Economic Belt as part of the One Belt, One Road Strategy. Tinseth said the Next-Generation 737-800 and new 737 MAX 8 – Boeing products at the heart of the single-aisle market – offer airlines the best fuel efficiency, reliability and capability.

China’s low-cost carriers are currently responsible for about 8 percent of single-aisle market demand, rising to 25-30 percent of demand by 2034, Tinseth noted. “The 737 MAX 200 will have the lowest fuel costs – 20 percent per seat – versus today’s most efficient single-aisle airplanes,” Tinseth said. “737 MAX fuel efficiency and the 737’s position as the industry’s most reliable airplane offer Chinese low-cost carriers competitive advantages as they grow new business.”

Boeing forecasts that the widebody segment will require 1,510 new airplanes, led by small and medium widebody airplanes such as the 777-300ER (Extended Range), 777X and the 787 Dreamliner. Tinseth stressed that Chinese airlines have more than doubled their long-haul international capacity over the past three years, in large part following the delivery of 747-8 Intercontinental airplanes to Air China and 777-300ERs and 787s to several leading Chinese carriers.

“Enabled by China’s growing middle-class population, new visa policies and the underlying strength of its economic growth, this expansion is expected to continue, and in fact accelerate,” Tinseth said. “The 777, 787 and 747-8 are perfectly positioned to support Chinese airlines’ continued globalization.”

New Airplane Deliveries to China: 2015-2034
Airplane type Seats Total deliveries Dollar value
Regional jets 90 and below 190 $10B
Single-aisle 90-230 4,630 $490B
Small wide-body 200-300 810 $210B
Medium wide-body 300-400 650 $220B
Large wide-body 400 and above 50 $20B
Total ———– 6,330(16.6% of world total) $950(17% of world total)

www.Buy2Greece.com – China (Sichuan) International Tourism Investment Conference held in Chengdu

China (Sichuan) International Tourism Investment Conference, hosted by the Sichuan Provincial People’s Government and the Investment Association of China, was held in Chengdu from July 22 to 24.
This is the largest conference in the tourism investment sector of Sichuan province. It was attended by the leaders of more than 120 well-known enterprises such as Wanda Group, OCT Group, CITS Group Corporation, China National Travel Service (HK) Group Corporation, New Hope Group, Scenery Culture, Orient Landscape Industry Group Ltd., Shanghai Spring International Travel Service (Group) Co., Ltd. and Beijing Tourism Group.

This conference is a measure taken by the CPC Sichuan Provincial Committee and the Sichuan Provincial People’s Government on how to develop tourism and promote investment in the tourism industry. At the conference, the Sichuan Provincial People’s Government concluded a Strategic Cooperation Agreement for Promoting Tourism Development with China National Travel Service (HK) Group Corporation and CITS Group Corporation; the Tourism Administration of Sichuan Province signed Strategic Cooperation Agreements on Providing Financial Support for Tourism Development with 4 financing institutions; 12 cities and prefectures signed agreements for 20 tourism projects amounted to RMB 39.37 billion.

-at the conference, keynote addresses were delivered by Liu Zhifeng, President of China Real Estate Association; Wang Jianlin, President of Wanda Group; Liu Pingchun, President of OCT Group; Liu Yonghao, President of New Hope Group; Yi Peng, famous economist; Mei Shuaiyuan, President of Scenery Culture. They announced plans to further discuss the advantages and future direction of tourism investment promotion in Sichuan. The Tourism Administration of Sichuan Province and some cities and prefectures mainly promoted the preferred tourism projects in Sichuan and held parties for investment and financing. Some key investors organized a trip for the preferred tourism projects in Sichuan, which further attracts and encourages investors to make investment in Sichuan.

Chinese spent $106B on global luxury products in 2014

Chinese bought 46% of the world’s luxury products in 2014 – 76% of which was purchased overseas, a recent Chinese luxury report reveals.1
In dollar amounts, that was US$106 billion spent by Chinese luxury consumers.1

Simply put, the global luxury industry is becoming more Chinese. After all, Chinese luxury consumption is influencing this industry like no other nationality has before.2

Borderless travel & Chinese luxury boom

China’s population is becoming increasingly urbanised2, and its large and fast burgeoning middle class means more Chinese are able to splurge and travel.2

Over 100 million Chinese travelled abroad in 2014.10 By 2020, 200 million Chinese tourists are expected to travel overseas.11”
Also, as they travel more, Chinese have quickly realised the price benefits of buying luxury goods abroad, which resonate well with the typical Chinese value-for-money culture. This further perpetuates their desire to spend, and spend abroad.

However, it would be foolish to assume that Chinese buyers are all the same. As diverse as China’s many dialects and provinces are, so too, are the profiles of its consumers.

As the rising sophistication of Chinese consumers2 become more prominently recognised, it’s important to also note the diversity that exists within this group. These buyers range from middle-aged businessmen to young female shoppers to nouveau riche. For example, it’s been said that China’s nouveau riche tend to be more eager and willing to flaunt their newfound wealth.3

The end result of all this surging wanderlust, though, is the thriving economic impact that Chinese luxury consumers now have – whether in Asia, Europe or the US.3

Chinese effect on luxury brands

Given this boom, luxury retail markets worldwide have been scrambling to attract Chinese money, and we don’t blame them. Chinese travellers remain the undisputed fastest-growing luxury buyers in the world, and more enticingly, they allocate 71% their budget on shopping when travelling overseas.5

2015, however, will see luxury brands evolve. The role of e-commerce, for example, will play a more dominant role.

In the past, high-end brands have been averse to hopping onto the e-commerce bandwagon, which they perceived would tarnish their image and eliminate the inimitable in-store experience that comes with luxury shopping.

Now, however, luxury brands are increasingly embracing digital marketing strategies in lieu of the uprising digital and social media revolution – especially in China, where there are 632 million internet users and 519.7 million smartphone users.6

91% of Chinese go online everyday7, of which 81% access the internet via mobile.6 Additionally, 65% of China’s HNWIs (high-net-worth individuals) favour online social media as their preferred source of information.8
Yet navigating China’s social media landscape is complex, and quality social media marketing is key to the success of high-end brands transitioning to their digital storefronts without losing its exclusivity appeal and brand loyalty.

Luxury real estate online

Fortuitously, luxury real estate has been one sector that has been successful taken online – much like a duck takes to water.

Overseas property remains the top investment choice for China’s ultra-rich, and the first place to search for such a purchase is online.

We’ve seen visits on Juwai.com go from 1.5 million to 2.5 million monthly visits, and news of wealthy Chinese investors buying overseas properties without ever even viewing the property are making agents and developers salivate from all corners of the world.
In the past year alone, we’ve heard of wealthy Chinese investors buying million-dollar homes sight unseen and Chinese luxury property transactions completed entirely via social media. These stories have become the stuff of legends amongst property agents and brokers.

Somewhat unique to Chinese buyers is their marked penchant for generational driven investment:

97% of affluent Chinese are more inclined to buy a lifestyle property12, while 93% of Chinese HNWIs are more likely to purchase legacy homes for their children, usually worth between US$1 million to US$3 million.12
Truly, the impact of Chinese buyers on global luxury markets is impossible to ignore, and property agents and brokers would do well to tap into the market online if they want to remain relevant and on top of the game.

Buy2Greece.com – How’s China’s Great Firewall affecting you lately?

“What does the Great Firewall of China have to do with me?”

That’s the question on the lips of many real estate agents and property developers. Our team hears it regularly from new customers.

You might be surprised by the answer. In this post, we’ll explain what the Great Firewall is, how it affects your property listings and how you can use it to your advantage.

What is the Great Firewall of China?

China has more than twice as many internet users as any other country. And its population of 1.3 billion means its number of internet users could more than double in the years to come.

Wealthy Chinese in particular turn to the internet as their number one source of information. 65% call it their “preferred” source of information and 83% use it every single day.

That’s why it’s so important to market your real estate online – it’s the best way to reach a very large and growing audience of potential buyers.

And this is where the Great Firewall comes in. Rather than leave it to international institutions, China has preferred to manage its own internet. It’s hard to argue with their success.

Besides ensuring wide access, they have enabled a system that creates huge amounts of online content. Today there are nearly as many pages online in Chinese as in any other language.

In just a couple of years, Chinese will edge into the top spot online, becoming the top language on the internet.

The “Great Firewall of China” is a cute name for a massive amount of ugly cables, switches, servers and who-knows-what-other hardware. Its one and only job is to scan and sometimes block webpages from outside of China, before web users can see them inside of China.

The government is looking for objectionable content. The presence of just a single black-listed keyword can cause your site to be blocked in China. The thing is, no list of keywords to avoid is publicly available. Furthermore, the list of keywords changes constantly depending on what is happening in China.

How does the Great Firewall of China affect my listings?

The Great Firewall of China affects your website and the portals you advertise on in one of two ways:

  • Possibility 1: If your site is blocked, no one will ever see it in China, no matter how many times they hit the reload button.
  • Possibility 2: Even if your site isn’t blocked, the scanning process can cause it to take much longer to load than a China-hosted website – up to 90 seconds in our tests – thus users often give up and click away. (When’s the last time you were willing to wait 90 seconds for a webpage?)

These slow load times and blocked pages are a serious problem for international property marketers. Google has researched the problem of site speed. The search giant found that users spend less time and do fewer property searches on slow websites.

Even a delay of just one fifth of a second has been shown to cut user page views and searches.

The delay that Chinese users experience when trying to access international sites is much longer than that. Because it’s our business, we have tested agent websites and real estate portals in 53 countries.

All too often, we find that it takes 30 seconds, a minute or even 1.5 minutes for the sites to load up and appear on our screen in China. Then, when you do a property search or click on a listing, it takes just as long to load the second page, and so on.

What’s worse is that results can be unpredictable – one day your website may load quickly, the next day not at all.

Don’t feel bad. Your website isn’t the only one that Chinese internet users can’t see. Facebook, Twitter, YouTube, Google, The Wall Street Journal…there are many sites that just don’t work in China.

In fact, these sites can cause even more problems for your website. If you happen to have installed anyplugins or widgets from Facebook or another blocked website, that in itself can be a reason for your website to be blocked.

This, in summary then, is the Great Firewall of China and how it affects your listings:

It’s a system that blocks or slows down the load times of websites hosted/located outside of China – that means your listings, on your own site and on your local portal, are very likely not visible to Chinese property hunters.

How can I use the Great Firewall to my advantage?

Slow websites. Blocked websites. Lost page views. Lost leads. Lost sales…it sounds like a disaster doesn’t it? Could there be anything good about this from the perspective of you, the property marketer?

Actually, yes. The Great Firewall could be good for you. In fact, it could be very good indeed.

Here’s how to use the Chinese Firewall to your advantage: You simply have to ensure that it applies only to other people. You know, like your competitors.

In battle, generals usually try to position their troops on top of a hill. That way, the steep slope only creates problems for their enemies, who have to climb up the hill to attack. Well, silly as it might sound, the Great Firewall of China is like that hill.

You have two choices. You can be the general who gets on top of the hill first OR you can be the general whose troops have to slog up the hill in full battle gear – while being shot at from above.

To be the general on top of the hill, the one who turns China’s Great Firewall into an advantage, all you have to do is list your properties on a website hosted inside China. A website like Juwai.com, for example.

Here’s how it works:

  • You upload your listings to Juwai.com.
  • From now on your pages load in China with remarkable speed and reliability on the computers and mobile devices of Chinese property hunters.
  • When you meet with vendors, you explain your advantage with Chinese buyers. As a result, you win more listings.
  • Your competitors continue on in ignorance, ultimately fail and come to work for you.*

Buy2Greece- China – LPS SHANGHAI 2014

The 8th consecutive edition of LPS will be held on December 12-14, 2014, at the iconic Shanghai Marriott City Centre. The international real estate expo will provide a unique opportunity for Shanghai’s elite home buyers to interact with international leading luxury real estate experts in a prestigious setting.

Much more than just a real estate expo, LPS Shanghai is a unique concept, specifically designed for the China market.

BY-INVITATION-ONLY INTERNATIONAL EXPO

LPS Shanghai 2014 is an invitation-only expo, welcoming highly targeted luxury real estate buyers, investors, VIPs and wealthy individuals. Over 5,000 targeted visitors are anticipated to visit this year’s expo.

A CAPTIVATING ENVIRONMENT

Sponsored by Ferrari, M1NT Club and Azimut Yachts, LPS Shanghai 2014 will be held at the iconic Shanghai Marriott City Centre, right in the heart ofdowntown Shanghai. This central high-end location, combined with the participation of world-famous luxury brands, will create a unique and captivating atmosphere, the perfect environment to stage luxury properties.

A WIDE RANGE OF INTERNATIONAL LUXURY PROPERTIES

LPS Shanghai will present luxury properties from a wide range of countries, regions and cities and will focus on showcasing all types of international high-end properties, from ski resorts to private islands, from historical Chateaux to luxury condominiums.

The real estate expo will present a balanced selection of properties located in the world’s most desirable areas: China, USA, Canada, Australia, UK, France, Spain, Italy, Switzerland, Cyprus, Thailand, Singapore, Malaysia and many more.

TANTALIZING ON-SITE ACTIVITIES

In addition to the three-day property exhibition, LPS Shanghai 2014 will be holding a full set of super-exclusive on-site events to keep the international real estate expo alive and maximize interactions between exhibitors and visitors.

Exciting events taking place during the three days of the Show include the glamorous LPS Gala Cocktail Part, the VIP Grand Opening reception, the LPS International Real Estate Forums & Conferences, the Luxury Italian reception, private gala dinners and exclusive wine tastings.

BEYOND THE EXPO

LPS Shanghai exhibitors are able to stay in touch with show visitors beyond the Show itself, thanks to the full set of LPS online and offline publications. These include LPS Shanghai Show Magazine, the targeted LPS Shanghai Newsletters and the official LPS Website.

Buy2Greece.com – CIC “SHOWS CONFIDENCE IN GREECE”

Buy2Greece.com – CIC “SHOWS CONFIDENCE IN GREECE”

Aphrodite Bletas, vice-president of the chamber who led the delegation, said the meeting with the CIC was “crucial”, and its President Lou Jiwei had expressed a willingness to invest in Greece once the new government is formed.
“China demonstrates extensive interest in investing in Greece,” said Bletas
But she said due to the current political uncertainty, no concrete commitments have been made on specific projects.
“The outcome of the coming election is of significant concerns for Chinese investors. Discussions would be opened only after the election with the new government in place,” said Bletas.
Though both sides didn’t touch on specific projects, Greece has shown interest in cooperation on ports, airports, highways, high-speed railways and even real estate development.
CIC, China’s $410-billion sovereign wealth fund, has cut its stock and bond investments in Europe as the risk of a eurozone breakup increases, said Lou.
He said that China was also unlikely to buy common eurozone bonds, should they eventually be sold as part of a resolution of the European debt crisis, as “the risk is too big, and the return is too low”.
Yannidis said he strongly believes that the Greek people will be united amid such huge challenges. “Politicians should make the interests of the people and the nation their priority,” said Yannidis.
Time is pressing for Greece, as the country needs to carry out structural reforms, rectify its investment laws and remove barriers and bureaucracy to attract foreign investors, he said.
Yannidis said Chinese investors have already expressed great interest in investing in Greece, which is believed to be a gateway to Europe.
Greece still needs up to a year to bring its economy onto the right track and restore market confidence.
“I hope Chinese investors have such patience and confidence in us,” said Yannidis.
Fu Jian
Tan Xuan contributed to the story.

China’s big four banks beat Q1 profit expectations

Buy2Greece.com

China’s top four state-owned banks saw first-quarter profits beat expectations despite efforts by the central bank to reduce the lucrative spread between bank depositing and lending rates, Reuters reported. Analysts said Industrial and Commercial Bank of China Agricultural Bank of China, Bank of China and China Construction Bank held interest margins steady by boosting returns from loans amid tight credit conditions. Investors however are still worried over the long-term asset quality of big banks and the impact of financial reform on their interest income.

Source: China Economic Review

Tourism ties between Greece and China to be strengthened

Greece and China will launch a task force to strengthen the tourism ties between the two countries; it was decided on 17 February in Athens during a meeting between Greek Tourism Minister Olga Kefalogianni and the new Chinese Ambassador to Athens Zou Xiaoli.

During the meeting, it was agreed to organize a Greek-Chinese Syposium on tourism issues in Athens this year with representatives of the tourism sector from both countries.

The visa requirements of Chinese citizens wanting to travel to Greece were discussed. The Greek tourism minister referred to actions launched by Greece to simplify the entry procedures for citizens from third countries.

In regards to the language barrier, Mrs. Kefalogianni informed that spcial signs in the Chinese language were planned to be installed in specific tourism sites in Greece. The certification of tour guides for Chinese tourists was also discussed.