WeChat enables in-flight mobile payment
Shenzhen – China’s popular social media platform WeChat has introduced “WeChat Pay”, an in-flight mobile payment service for passengers taking two flights carried by Spring Airlines. WeChat Pay users with a credit score above 550 can apply for the service, … Continue reading WeChat enables in-flight mobile payment
China’s Rising Duty-Free Market
Beijing – Global luxury brands wishing to firm up their retail presence in China should look no further than the country’s booming travel retail sector. Investment bank Morgan Stanley notes that China’s duty-free market, in particular, the downtown duty-free segment, which is currently expanding … Continue reading China’s Rising Duty-Free Market
China’s debt tops 300% of GDP
Washington/Beijing – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total … Continue reading China’s debt tops 300% of GDP
Trump sees slowing Chinese growth
Washington – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. … Continue reading Trump sees slowing Chinese growth
ASEAN becomes China’s No.2 trading partner
Beijing — The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia. Sino-American … Continue reading ASEAN becomes China’s No.2 trading partner