This Spring Festival holiday, homestay bookings by Chinese tourists might have more than doubled from a year ago, according to industry projections.
Omar Abbosh, 53, chief executive of global consultancy Accenture's communications, media and technology group, believes the China market is going to be key to the company's growth prospects in the new era.
International outerwear, sportswear, footwear, and apparel brands such as Champion, Supreme, Vetements, Air Jordan, and Y-3 now figure among the favorites of new-age Chinese consumers.
NEW YORK - From NBA teams to luxury brands, American industries are sparing no efforts in cashing in on the holiday season of the Chinese Lunar New Year, which began on Feb 5, to reach out to China's exploding market for the middle-income group.
In the not too distant future, passengers in China can simply use their smartphones to board buses, subway trains and even railway trains, industry experts said.
When an American fast-casual burger joint officially opened an outlet in Shanghai recently a lion dance was held in front of its store in the Xintiandi tourist hotspot. It was only 11 am when the performance ended, but by then a crowd of more than 100 had already formed a queue that snaked around the area's little alleys.
Huawei Technologies Co Ltd has refuted US attempts to discourage its allies from using the products of the world's largest telecom equipment maker, accusing Washington of using government machinery against a private company.
The president of the North American division of the China Railway Rolling Stock Corp (CRRC) dismissed talk emanating from Washington that the company's rail cars could be used to spy in the United States.
Roses are red, violets are blue, and men may be gifted, too.
China's central regulators have released two guidelines in the past three months to tackle corporate bond defaults that took place from last year to the beginning of this year.
Speculation has been rife recently about the possible location of Shanghai's third airport, and the latest candidate is Nantong, a city in Jiangsu province and about 120 km north of Shanghai, according to Shanghai Securities Times.
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