The largest manufacturer of batteries for electric vehicles in China, Contemporary Amperex Technology Ltd (CATL), recently revealed plans to construct a battery plant in Hungary at a cost of 7.34 billion euros (50.79 billion yuan). When completed, it will be the largest battery cell manufacturing facility in Europe. It will be “the largest ever greenfield…
Bilateral phytosanitary protocols between China and Ecuador were negotiated earlier this year, and on July 27 the General Administration of Customs of China formally approved market access to fresh dragon fruit from Ecuador. Yellow dragon fruit, also known as kirin fruit, was specifically allowed to be brought into China alongside its red counterpart. The majority…
The General Administration of China’s Customs said on July 1 that fresh citrus from Zimbabwe that abides by bilateral phytosanitary regulations can be imported into China. Sweet oranges (Citrus sinensis), mandarins (Citrus reticulata), grapefruits (Citrus paradisi), lemons (Citrus limon), limes (Citrus aurantifolia), and bitter oranges are now all legal to import from Zimbabwe (Citrus aurantium)….
Chinese rival to Starbucks, Luckin Coffee, is seeking a daring comeback two years after an accounting scandal rocked its U.S. operations. Luckin’s net income rose by 72.4% to 3.29 billion RMB ($487.92 million) in the company’s second quarter financial report. Revenue in China dropped by 40% to 3.68 billion RMB ($544.5 million) in the third…
Kweichow Moutai, a popular brand of Chinese baijiu, was recently assessed at $43 billion by branding consultancy firm Brand Finance, making it the most valuable spirits brand in the world. Wuliangye, a second major Chinese baijiu brand, was valued at $28.7 billion, putting it in last position. Chinese brands have grown their share of the…
Tongcheng Travel, a Chinese internet travel operator, appears to be following the adage “catch ’em young” in its efforts to increase brand awareness among millennials and Gen Zers through a variety of recent marketing initiatives. Tongcheng Travel, formerly known as Tongcheng-Elong, rebranded as ly.com in late April 2020. The company’s new name and logo reflect…
Ethiopia is working with China to build up the country’s tourism industry, hoping to draw in more Chinese visitors. In Oromia, the largest regional state in Ethiopia, local and Chinese tourism professionals are collaborating to highlight the region’s hidden treasures in order to attract tourists.Recently, Oromia Tourism Commissioner Lelise Dhugaa told Xinhua that cross-cultural cooperation…
According to the Civil Aviation Authority of Thailand, the Civil Aviation Administration of China (CAAC) has taken the initiative to propose raising the number of scheduled flights between China and Thailand from three per week to 15 next month (CAAT). The CAAT claims that it last week received a formal letter from the CAAC looking…
Bishnu Pukar Shrestha, the ambassador of Nepal to China, stated on Sunday at a tourism-related event in Beijing that Nepal strongly adheres to the “one-China” policy and is dedicated to not permitting any action on its soil that is directed against China. The remarks were made by the ambassador on Sunday night at a gathering…