Thomas Cook China sees little impact from UK closure

When Thomas Cook, the world's oldest travel agency, enters bankruptcy this week, the future for its joint venture with Shanghai-based conglomerate Fosun International will likely remain positive, the JV said.

Thomas Cook China said it is fiscally stable and healthy at this time. The company is unaffected by the issues faced by Thomas Cook in the UK and is operating normally.

"Thomas Cook China will continue to benefit from the long-term commitment and support of the Fosun Tourism Group," the announcement stated.