Ken Moritsugu and Colleen Barry, Associated Press Published 9:34 am PST, Sunday, November 25, 2018 FILE - In this Nov. 21, 2018, file photo, a man walks past a Dolce&Gabbana store in Beijing, China. Dolce&Gabbana faced a boycott after Chinese netizens expressed outrage over what were seen as culturally insensitive videos promoting a major runway show in Shanghai and subsequent posts of insulting comments in a private Instagram chat. less FILE - In this Nov. 21, 2018, file photo, a man walks past a Dolce&Gabbana store in Beijing, China. Dolce&Gabbana faced a boycott after Chinese netizens expressed outrage over what were seen as culturally ... more Photo: Ng Han Guan, AP Photo: Ng Han Guan, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Nov. 21, … [Read more...] about Dolce&Gabbana fiasco shows importance, risks of China market
China market research group
Dolce&Gabbana goods pulled in China over alleged insults
Ken Moritsugu, Associated Press Updated 3:58 am PST, Thursday, November 22, 2018 A computer screen shows the online impact on Dolce & Gabbana products displayed in Beijing, China, Thursday, Nov. 22, 2018. Dolce & Gabbana goods have disappeared from Chinese e-commerce sites after insulting remarks about China it allegedly made in exchanges on Instagram sparked outrage. less A computer screen shows the online impact on Dolce & Gabbana products displayed in Beijing, China, Thursday, Nov. 22, 2018. Dolce & Gabbana goods have disappeared from Chinese e-commerce sites after insulting ... more Photo: Ng Han Guan, AP Photo: Ng Han Guan, AP Image 1 of / 1 Caption Close Image 1 of 1 A computer screen shows the online impact on Dolce & Gabbana products displayed in … [Read more...] about Dolce&Gabbana goods pulled in China over alleged insults
China to overtake France as top travel destination by 2030
LONDON • China is set to overtake France as the world's number one tourist destination by 2030 as a growing middle class in Asia looks to spend more on travel, according to experts at market research group Euromonitor International.In a report published Tuesday at an industry conference in London, Euromonitor said it is predicting there will be 1.4 billion trips made in 2018, up 5 percent from last year. Stronger growth in many major economies mean industry receipts will rise by an estimated 11 percent.By 2030, international arrivals are expected to have risen by another billion, corresponding to around $2.6 trillion in receipts. China is expected to have overtaken France by then to become the world's number one destination.Much of the sustained boom in travel and tourism, which has outpaced growth in the global economy for eight years, is centered in the Asia-Pacific region, where trips are expected to grow by 10 percent this year. The region has benefited from rapidly growing … [Read more...] about China to overtake France as top travel destination by 2030
Starbucks partners with Alibaba, as It tries to keep its throne in China
By Sui-Lee Wee, New York Times Published 4:19 pm CDT, Friday, August 3, 2018 Photo: Ng Han Guan /Associated Press Image 1of/1 CaptionClose Image 1 of 1 In this photo taken Wednesday, May 16, 2018, foreigners walk past a man and woman outside a Starbucks outlet under construction in Beijing, China. Starbucks and Chinese e-commerce giant Alibaba Group announced a coffee delivery venture on Thursday, Aug. 2, 2018, that adds to growing competition in China's booming delivery industry. less In this photo taken Wednesday, May 16, 2018, foreigners walk past a man and woman outside a Starbucks outlet under construction in Beijing, China. Starbucks and Chinese e-commerce giant Alibaba Group announced ... more Photo: Ng Han Guan /Associated Press Starbucks partners with Alibaba, as It tries to keep its throne in China 1 / 1 Back … [Read more...] about Starbucks partners with Alibaba, as It tries to keep its throne in China
China trade talks: U.S. delegation to focus on tech policies
A U.S. delegation of top Trump administration officials arrived in Beijing on Thursday for talks with Chinese officials on defusing tensions that are propelling the world's two largest economies toward a trade war. Treasury Secretary Steven Mnuchin is leading the group, which includes Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer. Liu He, President Xi Jinping's top economic adviser, was heading the Chinese side in the talks, which analysts say appear unlikely to yield a breakthrough given the two sides' intensifying rivalry in strategic technologies. President Donald Trump said he expected relations with Beijing to stay on an even keel. "Our great financial team is in China trying to negotiate a level playing field on trade!" he said on Twitter late Wednesday. "I look forward to being with President Xi in the not too distant future. We will always have a good (great) relationship!" Trump is seeking to cut the chronic U.S. trade deficit by $100 billion … [Read more...] about China trade talks: U.S. delegation to focus on tech policies