As an example, Diageo and Pernod Ricard have recently opened whisky distilleries in China and luxury houses are buying and developing Chinese brands. The Chinese call this the dual economy strategy.
Monthly Archives For May 2022
Delhivery seals IPO on institutional demand
Delhivery, a logistics and supply chain solutions company, managed to wrap up its Rp52.35bn ($672.1m) IPO oversubscribed, thanks largely to support from foreign accounts and domestic mutual funds. The …
More than 1.5 million COVID-19 deaths within a few weeks – what an unchecked omicron wave would mean for China
First Shanghai, now Beijing and many other cities with millions of inhabitants: Because of omicron infections, the number of regions in China with very hard lockdowns and desperate residents is …
China’s economic risks ‘tilted to downside’, coronavirus-induced contraction ‘most severe’ since 2020 outbreak
“China’s economic activity contracted in April and was the most severe since the first quarter of 2020 during the first wave of the Covid outbreak,” said Tommy Wu, lead China economist at Oxford …
Shenzhen vows to improve the accuracy of virus control measures
The Shenzhen authorities held a conference on COVID-19 prevention and control recently. The meeting required all departments to put people first, continue to implement the zero-COVID approach, and …
GLOBALink | Cargo train adds momentum to export of Quanzhou in SE China
It is the first outbound China-Europe freight train from Quanzhou in southeast China’s Fujian Province to Europe via Horgos in northwest China’s Xinjiang Uygur Autonomous Region. A freight train bound …
Video Shows Students at Beijing College Protesting Covid Curbs
Video shared on social media appears to show students at one of China’s top universities protesting pandemic restrictions in the country’s capital, a sign of mounting frustration with President Xi …
China’s thermal coal futures mute as Beijing reins in commodity inflation
BEIJING (Reuters) – Trade in China’s thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein in the soaring costs of energy and raw materials.…
China’s economy improves as COVID-19 restrictions ease, Beijing says
China’s stagnant economy is recovering as the country eases its COVID-19 restrictions and as businesses in Shanghai are permitted to resume operations.
Uyghur county in China has world’s highest prison rate
Nearly one in 25 people in a county in the Uyghur heartland of China has been sentenced to prison on terrorism-related charges, in what is the highest known imprisonment rate in the world, according …
Soccer-China withdrawal could see 2023 Asian Cup heading west
China’s withdrawal from hosting the 2023 Asian Cup could see the showpiece shift west to the Gulf, where new infrastructure and voracious demand for major events has made the region a magnet for …
Update: China’s property investment down 2.7 pct
Nanguan District of Changchun City, northeast China’s Jilin Province. (Xinhua/Zhang Nan) BEIJING, May 16 (Xinhua) — China’s investment in property development went down 2.7 percent year on year in …
China April Property Sales Post Steepest Drop Since 2006
China’s property sales in April fell at their fastest pace in around 16 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key pillar of the world’s …
