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Chinese urban consumers splurge on luxury goods, as economic recovery speeds up

Luxury stores in major Chinese cities have seen a surging number of customers and record sales both online and offline, buoyed by a consumption comeback for high-end fashion and accessories after the latest wave of domestic COVID-19 resurgences was brought under firm control and an economic recovery picks up pace.
Zhang Yi Chen Xia Yuanyang Taikooli Max Mara Louis Vuitton Alibaba Tmall

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Entrenched US inflation becomes a hard nut for Biden to crack

Price hikes have outpaced the coronavirus pandemic as the most discussed kitchen table topic in the US. Inflation is a regressive tax which disproportionately pummels low income groups and retirees. A deposit of $10,000 in 2021 is now worth only about $9,300, and next year it could be worth less than $9,000 - crystallizing example of the erosive effect of inflation.
New York United States White House District Of Columbia Saudi Arabia Ar Riya

Roaring back, Shanghai's exuberance, potential on full display on first day of lockdown lift

From commuters rushing back to the office right after anti-epidemic restrictions were lifted to the long queues in front of both street vendors and high-end luxury shops, Shanghai on Wednesday ended its two-month lockdown to embrace a brand new start in unique fashion befitting its special status as an economic powerhouse and pioneer in the countrys reform and opening-up with dizzying speed and extraordinary efficiency.
Yangtze River China General Chen Xi Zeng Guang Wang Peng Wang Fan

Chinese provinces resume inter-provincial group tours ahead of holiday to boost tourism

More than ten Chinese localities have moved to restart inter-provincial group tours, after the Ministry of Culture and Tourism (MCT) on Tuesday announced more targeted anti-epidemic measures in an effort to boost tourism, while preventing the spread of COVID-19 ahead of the three-day Dragon Boat Festival holiday starting on Friday.
Chen Xia Wuzhen Xizha Jiang Yiyi Xie Xiaoqing Ministry Of Culture School Of Leisure Sports

GT Voice: Western media in no position to judge FM's South Pacific trip

As Chinese State Councilor and Foreign Minister Wang Yi continues a remarkable eight-country tour throughout the South Pacific, Western officials and media outlets have spared no efforts in coming up with different narratives to smear and disrupt what should be normal official exchanges between sovereign states. The latest line of attack apparently accepted by almost all major Western media outlets is that the trip has failed to achieve its goals.
Chen Xia Zeng Fanhua Wang Yi China Foreign Ministry Associated Press Global Timesas Chinese State Councilor

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