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Search Results 0 to 49 of about 198 (some duplicates have been removed)
Bloomberg
Mar 29, 2015 9:00am EDT
destination that every cruising company is ready to court. how big is china going to be? arnold: it will eventually be the largest cruise market in the world. ♪ betty: the cruising industry has built its success in the west, but halfway around the world, there is another market on the horizon they could change the game completely. richard: the demographic shift in china and the growth of the middle class is one of the biggest single demographic explosions in history, one of the big demographic shifts we have gone through has been the baby boomer generation. it has been an enormous and that bubble has dictated a lot of american industry. what's happening in china today makes that look insignificant. betty: royal caribbean ceo richard fain says that in a few years, the middle class in china will not only be bigger than the middle class in america, but bigger than america. consumer spending in china is expected to increase of about 7% every year. by 2020, the total could be $5.7 trillion. remember the quantum of the seas, the ship with every bell and whistle you can think of? it is settin
Bloomberg
Oct 19, 2014 1:30pm EDT
the next generation of people from china have become more affluent. >> siblings lawrence and pansy ho have become leaders in the industry thanks to their father, stanley ho. the siblings have a combined net worth of $7 billion. for the last decade, they have met stiff competition. >> they predicted i would not even open. they did not believe somebody else could do something better than they could. >> they underestimated you. >> they grossly underestimated me. >> sheldon adelson has a net worth of $35 billion. much of that wealth made on his macau casinos. the race for macau pits billionaire against billionaire. all vying for the attention of the 1.3 billion chinese to the north. macau is an 11-square mile enclave on the southern coast of mainland china. for over four centuries, it was under portuguese rule. today it is the closest place to china where gambling is legal. in 1962, chinese businessman stanley ho was the first person to usher in a new era of casinos in macau. it raked in billions. he paved the way for other investors to make it big in macau. today, one of those investors
Bloomberg
Jul 8, 2014 9:30pm EDT
-class compared to las vegas. macau has taken off. >> the next generation of people from china have become more affluent. and pansys lawrence ho have become -- they have a combined net worth of $7 million. -- billion. for the last decade, they have met stiff composition -- comp petition. nothey predicted i would even open. they did not believe somebody else could do this. >> they underestimated. >> they grossly underestimated. >> sheldon adelson has a net worth of $35 billion. much of that wealth made on his macau casinos. billionaire against billionaire. divine for the attention of the 1.3 billion chinese to the north. macau is an 11 square mile on five on the southern coast of mainland china. underur centuries, it was portuguese rule. is the closest place to china where it gambling is legal. was the stanley ho first person to usher in a new era of casinos in macau. he paved the way for other investors to make it big in macau. today, one of those investors is his son, lawrence ho. they father revolutionized casino market 40 years ago in macau. he brought in a new style. throughout
Bloomberg
Nov 8, 2015 12:30pm EST
the emerging markets. he said the prospects have weekend. how does that apply to china? widget down our medium-term investigation. it is slightly derivative to the to the markets. to such an extent that it has an impact on our forecast. if you look at u.k. weighted growth, our forecast has gone down by about three quarters of a percentage point over two years. that is the cumulative lori of foreign demand. princely because of emerging markets. we see the chinese economy slowing to about 6%. china is at the center of this but this is not just a china story. >> when you say best estimate, you said before about china's numbers being murky. you said the prospect of banks -- how much do you worry about how much bad stuff there is on the balance sheets of chinese banks? >> i think anytime you have had a sharp increase in credit growth as you have in china and non-japan asia, one can expect there will be an uptick in nonperforming loans. we have not yet seen that. the increase in private credit, the increase in aggregate credit in china has doubled to more than two times gdp over five year
Search Results 0 to 49 of about 198 (some duplicates have been removed)