U.S., China trade talks show no progress
Shanghai/Washington – U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world’s two largest economies for at … Continue reading U.S., China trade talks show no progress
MGallery Hotel De La Coupole debuts in Sapa
Sapa/Vietnam – Designed by renowned luxury resort designer Bill Bensley with sweeping views of Sapa Valley and serene rice paddy fields, the newly opened MGallery Hotel de la Coupole integrates the vibrant colours, patterns and textures of the region’s minority … Continue reading MGallery Hotel De La Coupole debuts in Sapa
How to recognize where a volcano will erupt
Potsdam – Most of the times you see the eruption of a volcano on TV or the internet, the magma shoots right out of its top. However, it is not so uncommon that the magma erupts from the volcano’s flank … Continue reading How to recognize where a volcano will erupt
Fashion in China: A passion for personalization
Beijing – The customization trend of the 2000s is having a global comeback, and fashionistas have embraced it, proving to naysayers that the days of conspicuous consumption in China are ending. Goyard, Louis Vuitton, Gucci, Burberry, Longchamp, Loewe, and now even Dior (with the Dior Oblique … Continue reading Fashion in China: A passion for personalization
Swine Fever: China’s duck farmers cash in
Jiaxiang – On a 30-hectare (74-acre) plot of land in China’s Shandong province poultry hub, more than half a million white-feathered ducks are busy eating, chattering and laying eggs to produce cheap meat for thousands of factory canteens. With birds … Continue reading Swine Fever: China’s duck farmers cash in
China exports gasoline to Mexico, Nigeria
Singapore – China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel amid a wave of new production and slowing domestic demand. … Continue reading China exports gasoline to Mexico, Nigeria
French retail group Auchan to exit Vietnam
Croix/Hanoi – Auchan Retail CEO Edgar Bonte told French newspaper Les Echos that the group had decided to sell its 18 stores in Vietnam. An unnamed source told VnExpress that Auchan’s Vietnam operations have been bought by a domestic retail group. According to … Continue reading French retail group Auchan to exit Vietnam
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
USA: Huawei’s research arm cuts jobs
Santa Clara/Hong Kong – China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and … Continue reading USA: Huawei’s research arm cuts jobs