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Bernard Arnault, chairman and CEO of LVMH, has reportedly arrived in China for his first visit to the country since the end of its strict Covid restrictions, after his company posted a jump in sales driven by a rapid rebound in China’s luxury spending.
China’s Premier Li Qiang struck an upbeat tone about expansion in the world’s second largest economy on Tuesday, saying growth in the second quarter will be higher than it was in the first three months of the year.
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A strange object found in a school meal in China was the head of a rat, Chinese authorities have concluded, overturning previous official reassurances that it was duck neck in the latest twist to a food safety scandal that gripped the nation for weeks.