Coasting on the growing popularity of non-religious Christmas-time celebrations, the consumer spending season, which began Nov 11 (Singles Day) is expected to extend until New Year’s Day in China, industry insiders say. And even Chinese consumers, not just the West, are increasingly buying up Christmas items produced in Yiwu in Zhejiang province, East China. Known…
The increasingly prosperous population of Chinese consumers living in smaller cities drove a deal-making boom at the first China International Import Expo in Shanghai. Homegrown companies’ purchases of imported goods were fueled by the strong appetite of smaller cities. These markets, according to the estimation of investment bank Morgan Stanley, will create a $9.7 trillion…
Rwanda is optimistic it can attract a significant percentage of the more than 130 million Chinese tourists who travel abroad annually, thanks to a recently signed agreement between the East African country and Alibaba Group. The agreement will see Alibaba’s travel services platform – Fliggy – and the Rwanda Development Board work together to promote…
Commercial lenders reiterate commitment to increase financing for the private sector Top financial institutions have responded proactively to President Xi Jinping’s call for more steps to address the financing woes of private enterprises and reiterated their commitment to and support for doing so. State-owned lender Bank of China Ltd was one of the first off…
Exports of Yiwu’s Christmas items to the US, other markets will surge despite price rise It’s business as usual for Santa Claus thanks to companies in Yiwu in Zhejiang province, the global capital of Christmas decorations. No, Santa won’t be put off by global trade tariff tensions and the subsequent rise in the prices of…
Government planning to ensure a multipronged approach to improve lending to small companies China will make more targeted efforts to boost the financial sector’s support for the real economy and ease financing woes for small companies, a State Council executive meeting chaired by Premier Li Keqiang decided on Nov 9. The meeting heard a report…
New partnership aims to help country’s economy grow by leveraging technology and the internet Rwanda is committed to leveraging on technology and the internet through its partnership with Alibaba Group, the Chinese multinational high-tech conglomerate, to grow its economy. Recently, the East African country and Alibaba signed three memorandums of understanding that saw establishment of…
China’s tax authority announced on Nov 9 that it is putting forward a more aggressive tax reduction plan, focusing on value-added tax and individual income tax reform to stabilize investment and kickstart private enterprises. “We will propose a larger-scale tax cut and a fee reduction policy as soon as possible,” says Wang Jun, director of…
China will continue to refine its business environment with more measures to be rolled out to cut red tape and facilitate investment, government officials said on Nov 9. More reforms will be introduced to widen market access and facilitate investment and trade, said Zhou Xiaofei, deputy secretary-general of the National Development and Reform Commission, at…
Hylink’s international branches provide online advertising solutions to clients in the US, UK From his 25th-floor office in The Shard, London’s tallest skyscraper, James Hebbert, UK managing director of Hylink Digital Solutions, has a bird’s-eye view of the UK capital. But his vision extends far beyond London and the UK itself to cover the whole…