Chinese Beverage Billionaire Zong Qinghou Passes Away at 79
Zong Qinghou, founder of China’s Wahaha Group, passed away at 79. Known for his humble beginnings and entrepreneurial spirit, he was a landmark figure in Chinese business history.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Taiwan Businessmen Celebrate Lantern Festival in Beijing, Eye Opportunities on Chinese Mainland
Taiwan businessmen celebrated the Lantern Festival in Beijing, highlighting the growing opportunities on the Chinese mainland. Officials emphasized unity and peaceful cross-strait relations for shared prosperity.
World Bank Pledges Support to Tunisia on Water Scarcity and Climate Change
The World Bank has pledged support to Tunisia in developing plans to address water scarcity and climate change impacts, with new financial assistance forthcoming to enhance food security.
China’s Lantern Festival Sparks Tourism Boom as Spring Festival Concludes
China’s Lantern Festival celebrations conclude the Spring Festival with a surge in domestic tourism and spending, highlighting a strong rebound in consumer confidence and travel enthusiasm.
Global Poll Highlights China’s Strong Economic Recovery
A global poll shows overwhelming confidence in China’s economic strength as consumption during the Spring Festival surpasses pre-pandemic levels, signaling a robust recovery.
Two Years On: Russia-Ukraine Conflict Spurs Global Economic Decoupling
A new report highlights how the two-year Russia-Ukraine conflict has accelerated global economic decoupling, spurred de-dollarization efforts, and reshaped financial markets.
China’s Expanding Underground: Innovative Use of Subterranean Urban Spaces
China is rapidly expanding the utilization of underground spaces in urban areas to address challenges like congestion, insufficient logistics, and natural disasters, paving the way for sustainable city development.
Venezuelans Fear Economic Downturn as U.S. Reimposes Oil Sanctions
Venezuelans express concern as the U.S. announces the reimposition of oil sanctions, threatening the nation’s economic outlook for 2024 and local merchants’ incomes.
China and Brazil Implement 10-Year Mutual Visas to Boost Travel and Business
China and Brazil have begun issuing 10-year tourist and business visas to each other’s citizens, aiming to boost tourism and business between the two nations.
German Companies Deepen Investment in China Amid EU Protectionism Warnings
German companies are intensifying their investments in China, with firms like Mercedes-Benz and Bosch emphasizing long-term growth despite EU protectionism concerns.
Xi Jinping Calls for Massive Equipment Upgrades and Consumer Goods Trade-Ins to Boost Economy
President Xi Jinping calls for large-scale equipment upgrades and consumer goods trade-ins to boost China’s economy, emphasizing technological advancement, reduced logistics costs, and improved economic efficiency.
China’s Securities Regulator Pledges Stricter Enforcement to Enhance Market Integrity
China’s securities regulator pledges stricter enforcement to enhance market integrity, focusing on investor protection, rigorous IPO evaluations, and penalties for violations to boost the quality of listed companies.
China Unveils Initiatives to Attract Foreign Investment and Address Local Debt
Chinese Premier Li Qiang chaired a State Council meeting outlining new strategies to attract foreign investment and address local debt, emphasizing efforts to boost investor confidence and ensure economic stability.
China Introduces Minimum Wage Protection for Delivery and Gig Workers
China has announced new guidelines to provide minimum wage protection for delivery and gig economy workers, enhancing labor rights in the rapidly growing platform economy.
China’s Hainan Shares Tropical Farming Expertise with Africa
Hainan province in China is sharing its tropical agricultural expertise with Africa by establishing an agri-tech demonstration center in the Republic of Congo.
China’s Property Sector Set for Healthier Role in Economic Growth
China’s property sector is poised for a healthier role in the economy, with policymakers introducing targeted measures to support real estate and drive sustainable growth.
Beijing-Tianjin-Hebei’s GDP Up 90% in a Decade, Reaching 10.4 Trillion Yuan
The Beijing-Tianjin-Hebei region’s GDP surged by 90% over the past decade, reaching 10.4 trillion yuan in 2023, highlighting significant economic and infrastructural developments.
Guangzhou Expands Underground Spaces to Boost Economic Growth
Guangzhou is expanding its underground spaces to boost economic growth, constructing Asia’s largest underground space after successfully establishing China’s largest underground shopping center.
China’s Spring Festival Sparks Surge in Consumer Spending
China experienced a significant surge in consumer spending during the Spring Festival holiday, marking a strong start to 2024, with increases in retail sales and booming service sectors.
Shanghai Composite Surges for 7th Day, Nears 3,000-Point Milestone
The Shanghai Composite Index surged for the seventh consecutive day, closing near the 3,000-point mark, driven by policy support and renewed investor confidence.