SHANGHAI (Reuters) – Rich Chinese tourists paying $40,000 to hunt elk in Utah or booking the entire first-class cabin for a family flight to France show China’s economic slowdown has yet to thin the wallets or dull the appetites of its deep-pocketed elite.
China’s “Golden Week” holiday, a popular time for overseas travel, starts on Saturday. This year it coincides with the Mid-Autumn Festival to create a rare eight-day break, and visitors to Europe will not be there to get a taste of austere living.
TIANJIN, China, Sept 12 (Reuters) – Chinese regulators
should do more to protect investors and not just focus on a
company’s business model when vetting initial public offerings,
the co-chief executive of Morgan Stanley’s Asia
operations said on Wednesday.
The comments from Wei Sun Christianson, one of the top
investment bankers in the region and the longtime head of Morgan
Stanley’s China business, come at a time when Beijing is trying
to put in better safeguards to raise the standards of its
capital markets system.
TIANJIN, China (Reuters) – The downside risks to the global economy from Europe’s debt crisis should not be understated and Asian export growth could be in particular jeopardy, Zhu Min, deputy managing director of the International Monetary Fund, said on Tuesday.
Zhu, speaking at a World Economic Forum meeting in the Chinese port city of Tianjin, said the crisis still had a long way to go and that the risk of a second European recession in three years would be bad news for global growth.
HANGZHOU, Sept 11 (Reuters) – Chinese clothing sellers,
burnt by declining export orders, are turning to online
retailing to try to tap domestic buyers as China’s e-commerce
industry expands rapidly.
Wang Liang, 30, started selling his firm’s dye-free organic
baby clothes online this year, after orders from Europe and
North America came to a standstill. He has a store on Alibaba
Group’s online retail site Taobao Mall and also sells
through distributors on Taobao Marketplace, Alibaba’s eBay-like
HANGZHOU (Reuters) – At the Chen Jing Lun Sports School in the picturesque city of Hangzhou, the slogan, “Today’s sports school student, tomorrow’s Olympics stars”, that greets all who enter the compound was a prescient greeting for one little girl 10 years ago.
London Olympics double gold medalist Ye Shiwen.
The 16-year-old’s powerful performances at the London Aquatic Centre propelled her to gold medals in the 200 and 400 meters individual medley, and a world record in the longer distance.
HANGZHOU, Aug 2 (Reuters) – At the Chen Jing Lun Sports
School in the picturesque city of Hangzhou, the slogan, “Today’s
sports school student, tomorrow’s Olympics stars”, that greets
all who enter the compound was a prescient greeting for one
little girl 10 years ago.
London Olympics double gold medallist Ye Shiwen.
The 16-year-old’s powerful performances at the London
Aquatic Centre propelled her to gold medals in the 200 and 400
metres individual medley, and a world record in the longer
HONG KONG/SHANGHAI, July 25 (Reuters) – Apple Inc’s
disappointing China sales suggest that its customers will not
always wait for the next iPhone when rivals such as Samsung have
plenty of flashy new models available now, analysts and
resellers said on Wednesday.
China is Apple’s second-largest market, and its rabid fans
have been known to seek out smugglers just to get their hands on
the latest gadgets before they officially go on sale in Beijing
and Shanghai stores.
HONG KONG/SHANGHAI (Reuters) – Apple Inc’s disappointing China sales suggest that its customers won’t always wait for the next iPhone when rivals such as Samsung have plenty of flashy new models available now, analysts and resellers said on Wednesday.
Apple’s sales from greater China, which includes Taiwan and Hong Kong, totaled $5.7 billion for its third quarter ended June, an unexpectedly steep drop of $2.2 billion from the January-March period in its second-largest market.
SHANGHAI (Reuters) – Apple Inc staged a low-key launch of its latest iPad in China on Friday, free of the chaotic scenes that plagued the tech darling’s previous product debuts in its most promising growth market.
The calm, orderly queues in Shanghai and Beijing came as a surprise to many Apple fans in China, who are used to standing overnight in snaking queues with scalpers to get their hands on the latest product.
SHANGHAI (Reuters) – Louis Vuitton is courting China’s wealthy with one-of-a-kind shoes and bags it is branding as unique works of art to reclaim its exclusive cachet in the luxury market.
The French luxury brand, a unit of LVMH, is set to open its largest China store in Shanghai on Saturday, complete with a gilded spiral staircase and an invitation-only private floor where big spenders can get their hair done while dreaming up designs for custom bags.