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China Duty Free Group forecasts profits surge in H1--China Economic Net

China Duty Free Group Co., Ltd. (CDFG), a state-owned enterprise operating duty-free business, expects its profits to surge in the first half of the year, the company said in a statement filed with the Shanghai Stock Exchange.   Net profit attributable to equity shareholders is estimated to reach 5.44 billion yuan (about 842 million U.S. dollars) for the first half of 2021, almost five times the figure compared with the same period last year, according to the statement.   Operating revenue ju...
Wang Su China Duty Free Group Co Ltd Shanghai Stock Exchange Shanghai Stock வாங் சு சீனா கடமை இலவசம் குழு இணை லிமிடெட்
Source: en.ce.cn

For retail investors, global play is the new normal--China Economic Net

In the wee hours one day recently in Shenzhen, Guangdong province, Li Guang, 33, shut down his PC finally and prepared to go to bed. But his mind continued to churn data on the trade he had just executed. He added shares of Weibo, a Nasdaq-listed Chinese social network company, to his investment portfolio, a task that required Li to stay awake to play the US market operating in a different time zone.   Li is getting used to life as a night owl, a first step toward becoming a successful part-ti...
Wang Su United States Hong Kong Li Guang Pan Gongsheng Austin Luo
Source: en.ce.cn

GERB-UDF coalition leads in Bulgaria's parliamentary elections: exit polls--China Economic Net

GERB-UDF coalition party leads in Bulgarias early parliamentary elections by a narrow margin, according to exit polls announced by the Bulgarian National TV on Sunday.   According to Alpha Research Agencys exit poll, GERB-UDF is expected to have 23.5 percent of the votes, against 22.3 percent for There Is Such A People.   The exit poll by Gallup International said that GERB-UDF is leading the elections with 22.1 percent, and There Is Such A People takes 21.5 percent.   Alpha Research said th...
Wang Su Sofiya Grad Boriana Dimitrova Gallup International Bulgarian National Movement For Rights
Source: en.ce.cn

Death toll rises to 90 in U.S. Florida building collapse--China Economic Net

The confirmed death toll in the residential building collapse in Surfside, southeastern U.S. state of Florida, rose to 90 with 31 people remaining potentially unaccounted for, Miami-Dade County Mayor Daniella Levine Cava said on Sunday, the eighteenth day of the tragedy.   "Our hearts and minds are always with those who weve lost and the families who are grieving, and those who are still waiting," said Levine Cava at the daily media briefing.   She said that more than 14 million pounds of deb...
United States Wang Su Miami Beach Daniella Levine Cava Ron Desantis Levine Cava
Source: en.ce.cn

China's banking sector expected to see 3 pct profit growth in Q2, Q3: report--China Economic Net

Chinese commercial banks are likely to see their profits grow by around 3 percent in both the second and third quarters of 2021, forecast the Bank of China Research Institute in a recent report.   In the first half of the year, obvious signs of improvement were seen in the profitability of Chinas banking sector, while the asset quality was stable, said the report.   Net profits of Chinese commercial banks in the first quarter rose 2.4 percent year on year to total 614.3 billion yuan (about 95...
Wang Su China Research Institute Insurance Regulatory Commission China Banking வாங் சு சீனா ஆராய்ச்சி நிறுவனம்
Source: en.ce.cn

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Investing from China to benefit the world--China Economic Net

  A little recognized and probably unappreciated fact about Chinas remarkable reform and opening-up policy of the last 40-odd years, piloted ably by the Communist Party of China (CPC), is there is more to it than attracting foreign investments and technologies to stoke development in China, investors, economists and researchers said.   Reform and opening-up, including that in the financial services industry, are also about China growing in a spirit of win-win, to benefit the rest of the world...
Wang Su Patrick Liu Neuberger Berman Pan Gongsheng Austin Luo Shanghai Municipal Financial Regulatory Bureau
Source: en.ce.cn

Italy strives for balance to make tourism more sustainable after pandemic--China Economic Net

Over the last two years, Italys massive tourism sector has been a study in contrasts: first too many tourists crowding the countrys most popular spots, then almost none at all. Now, the sector is seeking to strike the right balance between the two extremes.   Before the coronavirus pandemic arrived in Italy, the big worry about tourism was over-crowding: the impact on infrastructure, the environment, and the quality of life of residents from many millions of tourists who clustered in a handful...
Wang Su France General Comunidad Autonoma De Cataluna Noord Holland Valeria Minghetti Gianfranco Lorenzo
Source: en.ce.cn

Virgin Galactic completes first fully crewed test spaceflight--China Economic Net

Space tourism company Virgin Galactic completed its first fully crewed test flight of its spacecraft on Sunday, making a giant leap toward commercial suborbital spaceflight.   The mission, dubbed "Unity 22," was the companys fourth crewed spaceflight, and the 22nd flight test for the companys spacecraft VSS Unity.   It was also the first to carry a full crew of two pilots and four mission specialists in the cabin, including founder of Virgin Galactic Richard Branson, who was testing the priva...
Wang Su United States Richard Branson Sirisha Bandla Colin Bennett Jeff Bezos
Source: en.ce.cn

Lone elephant sent back to home reserve--China Economic Net

A male Asian elephant that strayed from its wild herd a month ago was returned to Xishuangbanna National Nature Reserve in southwestern Chinas Yunnan province on Wednesday afternoon.   It left Xishuangbanna last year with 16 other elephants and the herd headed north. Two of the elephants returned to the nature reserve early this year.   After traveling more than 500 kilometers, the male elephant left the herd on June 6. The other 14 are still roaming in Xinping county, according to the comman...
Wang Su Xie Yi Chen Mingyong Yuxi Zanbatang Shen Qingzhong Yunnan University
Source: en.ce.cn

Service providers shoot for moon with night tourism--China Economic Net

Chinese travelers enthusiasm to venture out at night has been rising along with daytime temperatures, and COVID-19 being brought under better control in the country is also helping matters. Rising demand for after-dark activities is driving tourism and forcing service providers to upgrade their offerings.   In the first six months, admission ticket sales to nighttime sightseeing and tourist spots and other entertainment venues surged 469 percent year-on-year, with female visitors making up for...
Wang Su Fang Zexi Zhang Jianbin Shanghai Haichang Ocean Park Shanghai Haichang Ocean Longmen Grottoes Scenic Area
Source: en.ce.cn

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