Chinese Tourists Spark Global Travel Surge During May Day Holiday
During the five-day May Day holiday, Chinese tourists fueled a global travel surge, visiting nearly 200 countries and boosting cruise bookings by over 15 times.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Read More
China’s May Day Holiday Sparks Record Travel and Spending Surge
China’s five-day May Day holiday saw 295 million domestic trips and 8.47 million cross-border trips, with spending exceeding 166.8 billion yuan ($23.1 billion), marking significant yearly increases.
France Remains China’s Third-Largest EU Trading Partner in 2023
France remains the Chinese mainland’s third-largest EU trading partner in 2023, with bilateral trade totaling €67.1 billion ($78.9 billion).
Austrian Heiress Seeks Public Input to Distribute $27.3 Million Inheritance
Austrian heiress Marlene Engelhorn plans to give away 90% of her $27.3 million inheritance and is seeking public input on how to distribute the wealth to benefit society.
Yiwu’s Small Commodity Market Thrives Ahead of 2024 Paris Olympics
With less than three months until the 2024 Paris Olympics, demand for Olympic-themed products is soaring. Many of these items are produced in China’s Yiwu City, the “capital of small commodities.”
Foreign Enterprises Express Growing Confidence in China’s Booming Market
A new survey reveals that over 70% of foreign-funded companies are optimistic about the Chinese market’s prospects in the next five years, highlighting China’s growing appeal to international investors.
Auto China 2024: EV Revolution and Tech Trends Unveiled
Auto China 2024 highlights the surge in electric vehicles and tech innovations, showcasing China’s pivotal role in advancing sustainable and technologically integrated transportation.
ADB 2024 Annual Meeting Focuses on Climate Issues in Asia-Pacific
The Asian Development Bank’s 2024 annual meeting in Tbilisi, Georgia, will focus on climate issues, bringing together leaders to discuss sustainable development in the Asia-Pacific region.
China Welcomes Influx of Foreign Tourists During Labor Day Holiday
China sees a significant rise in inbound tourism during the Labor Day holiday, with a 130% increase in travel orders thanks to visa-free policies and improved services for foreign visitors.
China’s Youth Embrace Beginner-Friendly Lightweight Camping Trend
Lightweight camping is gaining popularity among China’s youth, offering a beginner-friendly way to enjoy nature without heavy gear, reflecting a shift toward simplicity and environmental awareness.
Travelers Flock to China’s Hidden Gems on First Day of Labor Day Holiday
China’s tourism sector experiences vibrant activity on the first day of the Labor Day holiday, with lesser-known cities like Tianshui, Lishui, and Jinhua seeing a significant rise in travel bookings.
China’s Economy Continues Steady Recovery in Q1, Reports NDRC
China’s economy continued its steady recovery and improvement in the first quarter of this year, with key economic indicators showing accelerated growth, according to the National Development and Reform Commission.
Foreign Investors’ Confidence in China Soars in Q1
A recent survey by the CCPIT reveals a significant surge in confidence among foreign-invested enterprises in China during Q1, highlighting the country’s enduring appeal to global investors.
Accor Greater China CEO Sees Bright Future in Strengthened China-France Relations
Gary Rosen, CEO of Accor Greater China, emphasizes the promising future of China-France relations, noting that French firms see China’s market and consumers as vital to their growth.
China Poised for Major Economic Transformation at Upcoming CPC Session
Anticipated reforms at the upcoming third plenary session of the 20th CPC Central Committee signal a new era for China’s economy, promising global impact and renewed investor confidence.
XPENG CEO Predicts Decade of Rapid Growth for China’s Intelligent Vehicles
At the Beijing Auto Show, XPENG Motors CEO He Xiaopeng predicts rapid adoption of intelligent vehicles in China over the next decade, highlighting AI’s transformative role in the industry.
XPENG CEO Predicts Rapid Growth of Intelligent Vehicles in China
XPENG CEO He Xiaopeng predicts rapid growth of intelligent vehicles in China over the next decade, seeing AI integration as a transformative opportunity for the industry and a path for China to go global.
Driving Forward: Three Reasons Behind China’s Leading Role in the New Energy Sector
China’s new energy sector leads the global market, driven by worldwide carbon reduction demands, shared subsidy practices, and competitive advantages in technology, scale, and industrial chains.
China Refutes U.S. Claims of Overcapacity in New Energy Sector
China refutes U.S. Treasury Secretary Janet Yellen’s claims of overcapacity in its new energy sector, stating that capacity levels are normal and advantages stem from market competition, not subsidies.
WEF Managing Director Sees Bright Future for Emerging Markets Amid Global Challenges
WEF Managing Director Saadia Zahidi expresses optimism about emerging markets, citing South-South cooperation and opportunities for new investment amid global challenges.