China has increased the number of countries that its big-spending tourists can visit by more than 70 following the lifting of its last COVID-19 travel restrictions.
Monthly Archives For August 2023
Guangdong sees import export gains in July
Guangdong’s import and export volume from private enterprises reached 2.74 trillion yuan from January to July, a year-on-year increase of 6 percent, accounting for 60.3 percent of the province’s total …
WHO classifies EG.5 Covid-19 strain as ‘variant of interest’
The EG.5 strain of the coronavirus was classified ‘variant of interest’ by the World Health Organisation. The health body, however, said the variant did not pose a threat to the public health.
Shenzhen Airport takes aim at e-commerce as volumes soar
Shenzhen Bao’an International Airport’s cross border e-commerce volumes doubled in the first seven months of the year and it expects a further increase in …
UK considers response to U.S ban on tech investments in China
Britain said on Thursday it was weighing how to respond to a decision by U.S. President Joe Biden to prohibit some tech investments in China, adding it was continuing to assess potential national security risks.
‘BRICS bank’ looks to local currencies as Russia sanctions bite
Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told…
Marketmind: No Respite From China Woes
Over in Asia, investors remained worried about China’s post- pandemic stuttering recovery after data on Wednesday showed it tipped into deflation. MSCI’s broadest index of Asia-Pacific shares outside …
Crypto Market Remains Stable, Bitcoin Once Again Crosses $30,000-mark
Hudda pointed out that BTC (-0.6 per cent) is beginning to show some strength and investors are foreseeing a see bullish trend building up. According to market data, BTC’s open interest data is …
(LEAD) China to resume group tours to S. Korea
China’s tourism authorities said Thursday they have decided to lift the ban on group tours to South Korea, ending a six-year hiatus caused by frayed relations following the deployment of a U.S.
Toll in Beijing floods rises to 33; 18 people missing
The death toll from recent flooding in China’s capital rose to 33, including five rescuers, and another 18 people are missing, officials said on Wednesday, as the country’s north remains threatened by unusually heavy rainfall.
With blockchain ‘bridge’, China challenges U.S. dollar dominance
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies (CBDC) is moving closer to reality, raising eyebrows among some defenders of a system long …
What’s the Guochao trend and what does it mean for global brands in China?
China chic – is a popular trend among the country’s main consumer demographics. Foreign brands will have to adjust to keep their place in this vital market.
China lifts ban on group tours to over 70 destinations
China cordoned off its borders in 2020 to guard against Covid-19, then imposed lengthy and costly quarantines on arrival China lifted a ban on group travel to more than 70 countries on Thursday, …
