Category: Uncategorized

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U.S. firms get boost from China’s resilient consumer market

A view of Nanjing Road, the main shopping streets of Shanghai, China [CGTN-CFP]
A view of Nanjing Road, the main shopping streets of Shanghai, China [CGTN-CFP]
CGTN | 11-Nov-2020

China is bolstering American firms as demand drops in the United States and Europe due to another round of COVID-19 cases surge, the Wall Street Journal reported, citing Coca-Cola Co., General Motors Co. and Estée Lauder that claim a sales lift in September quarter thanks to Chinese consumers. Continue reading “U.S. firms get boost from China’s resilient consumer market”

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Chinese shoppers spent $1.8 bln in Hainan duty-free stores in 4 months

Shoppers at Sanya International Duty-Free Shopping Complex, Hainan, China [CGTN-CFP]
Shoppers at Sanya International Duty-Free Shopping Complex, Hainan, China [CGTN-CFP]
CGTN | 11-Nov-2020

Thanks to the new policy and domestic travel recovery from the COVID-19 disruption, sales of duty-free shops in south China’s island province of Hainan surged by a year-on-year 214 percent for the past four months, hitting 12 billion yuan (about $1.8 billion), customs data showed Tuesday. Continue reading “Chinese shoppers spent $1.8 bln in Hainan duty-free stores in 4 months”