By Thomas Peter, John Geddie WUHAN, China/SINGAPORE (Reuters) – A World Health Organization-led team investigating the origins of COVID-19 are to begin virtual meetings with their Chinese hosts from a hotel in China’s Wuhan, where the pandemic first emerged, on Friday. Their arrival at the city in central China on […]

Li Changming just purchased a new Huawei smartphone and the 70-year-old retiree is still a bit puzzled by a high-tech device that China policymakers hope will help unlock spending by millions of older Chinese. © NOEL CELIS China has plans to help its legions of pensioners keep up with a […]

MILAN – Consumers in China, the online channel and the younger generations are expected to be the main growth drivers of personal luxury goods, forecast to reach sales of between 330 billion and 370 billion euros in 2025, with a compound annual growth rate of about 10 percent. For the […]

HONG KONG (AP) — Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic. The shopping festival, which is the world’s largest and falls on Nov. 11 every […]

The beauty industry is taking a hit amid the coronavirus pandemic. FOX Business’ Kristina Partsinevelos with more. Estee Lauder Cos Inc beat analysts’ estimates for quarterly results on Monday, benefiting from strong Chinese demand and a surge in online orders for its skincare products, sending its shares about 4% higher in […]

BEIJING—Chinese officials said Monday that gross domestic product expanded by 4.9% in the third quarter from a year earlier, putting China’s economy back toward its pre-coronavirus trajectory half a year after the pandemic gutted its economy. The 4.9% growth figure for the third quarter fell short of expectations but brings […]

© LUCAS BARIOULET Team Europe (right) and Chinese team FPX (left) compete in the 2019 League of Legends world final in Paris. This year’s event will be held later this month in Shanghai, bucking a grim trend of cancellations because of the coronavirus pandemic ESports has bucked a grim trend […]

That’s 21% fewer trips and 30% less spending than last year, but the numbers show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic. The numbers are a “positive sign” both for China and the rest of the world that […]

PARIS ­­— The world’s largest travel-retail and e-commerce operators, Dufry Group and Alibaba Group, respectively, have agreed to join forces to form a strategic joint venture in China. Simultaneously, Alibaba plans to make up to a 9.99 percent investment in Dufry. “We highly value this partnership with Alibaba Group to […]

BEIJING (Reuters) – China estimated that 13 million railway passenger trips were made on Thursday at the start of the Golden Week holiday, the highest for a single day since the coronavirus outbreak began in February, according to state media. Although this figure signals pent-up demand for travel now that […]

SHANGHAI — Millions of travelers in China hit the road on Thursday as the country began its extralong National Day holiday, promising some much-needed relief to a tourism industry battered by the coronavirus pandemic. Online travel operator Trip.com projects some 600 million people will visit domestic destinations including Hubei in […]

BEIJING (AP) — Ford, Nissan and BMW unveiled new electric models with more range for the Chinese market on Saturday as the Beijing auto show opened under anti-virus controls that included holding news conferences by international video link. Automakers are looking to China, the first major economy to start recovering […]

BEIJING (AP) — The first event for the CEO of Swedish electric car brand Polestar at this month’s Beijing auto show: A two-week quarantine in a hotel. The auto show, the first major in-person sales event for any industry since the coronavirus pandemic began, opens Saturday in a sign the […]