China's benchmark money-market rate surged the most in 19 months, with record central bank cash injections being overwhelmed by demand before the Lunar New Year holidays.
For Cui Yanbing the fruit platter on the table of the guest room is an apt metaphor for the existence of those who live on the island of Vommuli, in the central western Maldives, including hers.
"My job is to make people feel at home, literally, since this has been my home for the past 30 years," says Ahmed Asim, room director of the St. Regis Vommuli hotel in the Maldives.
I am hardly an inveterate traveler who has sampled the golden sands of the world's best beaches, I am not exactly adventurous or athletic, I have lived the entirety of my 36 years in cities, I wear thick glasses and I have never learned how to swim.
The island of Vommuli in western central Maldives, a mere nine hectares, is a pearl on the turquoise plate that is the Indian Ocean.
On a Chinese website Zhang Xiaolei discovered two-way air tickets between Beijing and Male for 1999 renminbi ($290) in October. "Seized by excitement, I bought the ticket in a rush, only to realize, minutes later, that the price of the hotels were beyond my means," said the 34-year-old. "Because the ticket has a huge discount it was nonrefundable. That was the beginning of my crazy rendezvous with the Maldives."
Luxury sports car brand McLaren has gone a long way from selling its first car in China four years ago to now generating a major chunk of its global sales from the country, riding on the keen interest in the marque shown by China's rapidly growing wealthy consumers.
Originally cast in a starring role, Netflix's original DVD-by-mail service has been reduced to a bit player that may eventually get killed off as the company focuses on its booming video streaming service.
China's sovereign fund China Investment Corp, which manages about $800 billion assets including $200 billion of overseas investments, is actively looking for investment opportunities in the US infrastructure and manufacturing sectors - to graft their products and industries onto the Chinese economy, a senior executive told the World Economic Conference in Davos, Switzerland.
There are only a handful of Chinese companies in Kentucky, but its governor wants to change that.
Dow Chemical Co expects to maintain its double-digit growth rate in China, by pushing for more products and solutions that are environmentally sustainable, company executives say.
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