Spring Festival

New Business

China turns to school ‘snow breaks’ to warm up winter tourism industry

Northern regions across China are introducing “snow breaks” this winter as part of broader efforts to stimulate domestic tourism and…

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New Business

Rising down jacket sales offer unexpected cushion against deflation in mainland China

China’s down jacket and coat makers are the unlikely beneficiaries of the winter season, as more young consumers splash out…

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New Business

‘Not in this economy’: Guangdong’s huge subsidy scheme falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit…

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New Business

Chinese banks’ stock rally lights up social media as FOMO grips investors

The rally in Chinese bank stocks is captivating retail investors from Hong Kong to Shanghai and Shenzhen, making it one…

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New Business

China’s PMI data returns to positive territory for February

China’s purchasing managers’ index, a key indicator for manufacturing activity, reached three-month high in February and returned to positive territory…

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New Business

Can online gifts match digital red packets’ Spring Festival popularity?

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

‘Incomparably nice’: why China’s shoppers are obsessed with an obscure local supermarket

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

Bookings for Spring Festival reunion dinners a ray of hope for China’s restaurant owners

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

Bloom and gloom: China’s Spring Festival flower sales hit by weak demand, warm weather

Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more…

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New Business

China vows better EV charging during Lunar New Year as trips poised to hit record high

China has vowed to improve electric vehicle charging facilities during this year’s Lunar New Year travel rush as the country…

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