Richard Liu, founder of China’s retail giant JD.com, has launched a nautical brand to build out the country’s yacht industry, reports the South China Morning Post. The brand aims to ride a wave of policy support to tap a fast-growing domestic market and make the vessels–traditionally associated with affluence and luxury–accessible to “everyday consumers”. Liu’s brand, Sea […]
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Panamanian officials have searched the offices tied to the Panama Ports Company, the local unit of Hong Kong conglomerate CK Hutchison, reports Reuters, citing local news sources. CK Hutchison and Panamanian authorities did not immediately respond to a request for comment. A judicial official interviewed on a local television station confirmed a search had taken place, but […]
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Mr. Merz comes to town
The German chancellor followed a string of other leaders to Beijing this week and had meetings which included all the usual expected topics but did little more than hint at the basic problems lying beneath the relationships. Something has to be done about trade imbalances, we want to take relations to a new level… This […]
Travel across China rose 8.2% compared to a year earlier during the extended Lunar New Year holiday, reports Caixin. Total cross-regional trips rose to nearly 2.8 billion as the holiday period was extended from eight to nine days. Highways remained the dominant mode of transportation, accounting for 86% of total travel. Supported by the rapid uptake […]
China’s consumer spending rose 8.6% year-on-year in the first four days of this year’s Chinese New Year holiday, reports Caixin. This was backed by an extended holiday and fresh government stimulus that lifted outlays on services and technology. The increase offers a sign of resilience as policymakers roll out renewed support measures, including a consumer incentive […]