S. Korea’s online shopping rises 6.3% in January on March 4, 2023South Korea’s online shopping logged a single-digit increase in January due to stronger demand for travel and leisure services as well as food and beverage, statistical office data showed Friday. Shopping in cyberspace stood at 17.92 trillion won (13.7 billion U.S. dollars) in January, up 6.3 percent from the same month of last year, according […]
Myanmar’s poultry business suffers broken rice price hike on March 4, 2023Burmese layer ducks farm owners face loss due to the rocketing feed price. Layer ducks farm owner Ko Naing from Yangon Region put his ducks up for sale at 5,000 kyats (about 2.38 U.S. dollars) per head for an outright sale. “The feed cost is exorbitantly high. The price of broken rice as animal feed […]
Egyptian president announces wage, pension rises to contain price hikes on March 4, 2023Egyptian President Abdel-Fattah al-Sisi on Thursday announced a package of measures to cushion the impact of the soaring prices. The measures included raising minimum wage for government employees to 3,500 Egyptian pounds (nearly 114 U.S. dollars) from 2,700 pounds and pensions by 15 percent, al-Sisi said in a speech that was broadcast by state-run Nile […]
China issues 625.8bn yuan in local govt bonds in January on February 28, 2023China’s local governments issued bonds worth 625.8 billion yuan (about 89.95 billion U.S. dollars) in January 2023, according to the Ministry of Finance. Of the total, special bond issuance came in at 491.2 billion yuan in this period, while the issuance of general bonds amounted to 134.6 billion yuan, data from the ministry showed. In […]
China continues to enhance export control compliance on February 25, 2023The Chinese government attaches great importance to export control and is actively guiding enterprises to comply with regulations, Vice Commerce Minister Wang Shouwen said on Thursday China’s export control is based on fulfilling international non-proliferation obligations and safeguarding national security, and serves to facilitate international trade, Wang said at the 2023 export control compliance forum. […]
Chinese tourists fill up hotels in northern Laos’ Luang Prabang on February 24, 2023The number of Chinese visitors has surged in northern Laos’ Luang Prabang province, with room reservations expected to rise throughout 2023, said Lao officials. Local daily Vientiane Times on Wednesday quoted Vice President of the Hotel and Guesthouse Association in Luang Prabang province Daophet Bouphaphanh as saying that groups of Chinese tourists are entering Laos […]
China’s Hainan promotes free trade port in Cambodia on February 24, 2023South China’s Hainan Province on Wednesday held a forum here to promote the Hainan Free Trade Port to Cambodian officials, entrepreneurs and exporters. The event was attended by some 170 Cambodian and Chinese officials and business people. Speaking at the event, Hainan’s Vice Governor Shen Danyang said Hainan and Cambodia enjoy geographical proximity, which is […]
WSJ report on China-built mega-projects untrue, biased on February 23, 2023QUITO/ISLAMABAD/KAMPALA/LUANDA: Adriana Carranza, a resident in the San Luis village in northern Ecuador, has fond memories of her days working with a Chinese company at the Coca Codo Sinclair (CCS) hydroelectric project from 2012 to 2015. “Thanks to the work I had done for (a subcontractor of) the Sinohydro Corporation, I was able to save […]
Humanity belongs to one community with shared future: Wang Yi on February 20, 2023MUNICH: Humanity belongs to one community with a shared future, and can overcome challenges when united and win victory with mutual trust, a senior Chinese diplomat said here Saturday at the 59th Munich Security Conference (MSC). In his keynote speech, Wang Yi, director of the Office of the Foreign Affairs Commission of the Communist Party […]
China’s luxury market poised for swift rebound in 2023 on February 19, 2023Recent reports suggest that China’s luxury market is expected to usher in a rapid recovery in 2023, fueled by factors including a surge in offshore duty-free shopping. According to the global management consulting firm Bain & Company, personal luxury sales in China shrank 10 percent year on year in 2022, ending its five-year streak of […]