World News

Xi warns Chinese people are ‘not to be trifled with’ in indirect attack on U.S.

Chinese President Xi Jinping said on Friday that China will never allow its sovereignty, security and development interests to be undermined, and that the Chinese people are not to be trifled with. Any act of unilateralism, monopolism and bullying would not work, and would only lead to a dead end, Xi said in a speech […]

Politics

Trump maintains a bank account in China, the New York Times reveals

President Donald Trump maintains a bank account in China after years of pursuing business deals in the nation, The New York Times reported Tuesday, the latest revelation in the newspaper’s series on his tax returns. The Times noted that Trump maintains just three foreign bank accounts — the one in China and two in Britain […]

World News

Vaccine initiative now covers almost entire world, but not U.S. or Russia

China's entry into the COVAX initiative means the list of non-participants in the global effort to develop and distribute coronavirus vaccines has dwindled down to Belarus, Kazakhstan, Malaysia, Russia, the U.S. and five small island countries or micro-states. Breaking it down: 183 countries with a combined 93% of the world's population are either eligible for […]

Business

Renminbi seen as safe haven after strong showing

The Chinese renminbi is drawing attention as a haven from volatility after its best quarter in 12 years. The onshore renminbi gained 3.8 per cent in the three-month period ending Sept 30, the most since early 2008, while its offshore counterpart advanced more than 4 per cent. That was more than Group of Ten (G-10) […]

Business

Travel Spending Recovers 70 Percent During China’s Golden Week

LONDON — While many European countries are entering second lockdowns, China’s strict tracing and broader control policies have helped the world’s largest luxury and travel retail market recover swiftly, at least within the country for the moment. Some 637 million people traveled within China over the past eight days in celebration of the country’s annual […]

World News

Tourists flock to Great Wall of China in post-coronavirus holiday rush

Remember crowds? Chinese citizens basked in the familiar hustle and bustle of a holiday rush over the weekend, as thousands flocked to various tourist sites, including the Great Wall of China, for the nation’s annual Golden Week. It’s one of the busiest tourism holidays on the Chinese calendar, and the country is treating it as […]

Business

EXCLUSIVE: London’s Machine-A to Launch Pop-up in Labelhood Shanghai

LONDON — Fashion boutique Machine-A, which has a cult following among London’s fashion community, is launching a pop-up store at Shanghai’s Labelhood, a key supporter of Chinese fashion designers, from Oct. 1 to February 2021, WWD has learned. Stavros Karelis, founder of the Soho-based multibrand concept store, said the collaboration grew from an organic relationship […]

World News

China says WHO supported early use of coronavirus vaccine candidate outside of trials

The World Health Organization supported China’s campaign to vaccinate certain people against coronavirus in July while clinical trials were still under way, a Chinese health official said on Friday, although some experts have expressed concern about the move. China launched its emergency programme in July, having communicated with the WHO in late June, according to […]

Business

EXCLUSIVE: JD.com Opens Omnichannel Solutions to Luxury Brand Partners

LONDON — The COVID-19 pandemic has encouraged JD.com, China’s largest retailer and second-largest e-commerce player, to be ambitious about selling luxury online in China. Since the pandemic subsided in China, JD.com has seen promising growth in this category. In the first hour of the 618 shopping festival, which began June 1, sales of luxury products […]

World News

China debt dogs Maldives’ ‘bridge to prosperity’

For years Aminat Waheeda drove her taxi along the narrow lanes and congested roads of the Maldives capital looking for passengers. The most lucrative fares – airport arrivals – were out of reach. The airport serving Male is on a different island and a speedboat was needed to get between the two. In 2018, that […]