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May 26, 2021
It used to be a common sight in major Japanese cities, especially during the Lunar New Year holidays: hordes of Chinese tourists arriving on buses and cruise ships and going on shopping sprees for duty-free, made in Japan goods. There’s even a term for that particular consumer behavior: bakugai, or explosive buying.
International travel, however, has come to a standstill amid tougher border controls caused by the pandemic, dealing a heavy blow to corporations that have relied on the purchasing power of inbound visitors from the world’s second-largest economy. In 2019, foreign visitors of which nearly a third were Chinese spent ¥4.8 trillion in Japan. Last year, spending plunged 85% to an estimated ¥745 billion.
Canada Spent Nearly $6 Million on Chinese Contracts Since Arrest of ‘2 Michaels’
Canada has awarded nearly $6 million in contracts to China-based firms since Beijing’s arbitrary detention of Canadians Michael Spavor and Michael Kovrig, according to Conservative MP John Williamson.
First reported by Blacklock’s, Williamson, through an inquiry on March 10, received reports showing that federal departments and agencies issued $5.8 million in contracts to firms based in China or owned by firms based there between 2019 and 2020.
“Beijing holds two Canadians hostage, spies on our companies, undermines our institutions and openly threatens us,” Williamson posted on Twitter Wednesday. “Yet it’s business as usual in Ottawa as Canada’s Liberals hand millions of tax dollars to Chinese firms.”