SHANGHAI/HONG KONG (Reuters) – Guo Jiaxi is typical of a new generation in China that is driving a sharp revival in luxury spending: young, female and unafraid to spend. An accountant in eastern Suzhou, Guo,…
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China’s young shoppers breathe new life into luxury market
U.S. firms bullish on prospects in China
Companies from the United States doing business in China are becoming more optimistic about China-U.S. business ties despite the possibility of restrictive trade actions from the Trump administration, a new survey said on Tuesday. According…
China factory activity slows to 8-month low on softer demand
Foreign demand for China’s manufactured exports was elevated ahead of Christmas but slowed in January, said senior statistician Zhao Qinghe of the National Bureau of Statistics, which released the data on its website. The PMI…
China January factory growth dips to 8-month low as pollution war bites
The data, which gives global investors their first look at business conditions in China at the start of 2018, reinforced the view that the economy is beginning to gradually lose steam after growing by a…
China January factory growth dips to 8-month low
The data, which gives global investors their first look at business conditions in China at the start of 2018, reinforced the view that the economy is beginning to gradually lose steam after growing by a…
Hong Kong stocks fall for third day as US declines outweigh 18 months of expansion in China manufacturing
Hong Kong stocks fell for a third day on Wednesday, after an overnight rout in US equities – spurred by a jump in treasury yields – offset a gauge showing that China’s manufacturing industry had…
China publishes general PMI to better track economy
China’s statistics authority … A reading above 50 indicates expansion and below reflects contraction. Business activity in the two sectors was previously tracked by two separate indices published monthly, which the NBS said “lacks a…
On China visit, Britain’s May focused on post-Brexit future
May is accompanied by 50 British business leaders, including the chief executives of … “There are huge trade opportunities in China that we want to help British businesses take advantage of,” May said ahead of…
Vatican defends itself after Hong Kong cardinal says it is ‘selling out’ to Beijing
The Vatican has defended itself after a senior cardinal accused it of “selling out” to Beijing. Cardinal Joseph Zen of Hong Kong had criticised the Vatican for its attempts at diplomacy with China’s government. He…
The top 10 Chinese companies Theresa May could target on her Beijing trip
As Theresa May lands in Beijing, Sky News looks at the biggest Chinese public companies the UK could look to trade with. Ping An Insurance Group is China’s second largest insurer and comes 16th in…
China online banking transactions dropped to RMB 482 trillion in Q3 2017
According to recently published report by Analysys, “China Online Banking Quarterly Forecast Report for 2017 Q3”, the total online banking transactions amounted to 48.15 billion, reflecting a 4.3% decrease when compared to the same quarter…
Chinese smartphone giant Xiaomi expected to launch Hong Kong IPO in September
Xiaomi, the Chinese smartphone maker, is said to be aiming for an initial public offering (IPO) in Hong Kong in September to raise funds as it embarks on a global expansion drive. The Beijing-based company…
Hundreds in Beijing Gear Up for Lunar Event Not Seen Since Qing Dynasty
BEIJING — Hundreds of skywatchers are expected to huddle at the Beijing Planetarium at dusk on Wednesday to witness a “super blood blue moon” – a three-part lunar phenomenon not seen since the late Qing…
