Global membership warehouse club retailer Costco Wholesale Corp is scheduled to open its first brick-and-mortar store in the Chinese mainland on Aug 27, posing a strong threat to Walmart China's cash cow, Sam's Club, in a battle to win over the country's high-end consumers.
Given that crime against tourists can hinder tourism and damage a location's image, many Chinese cities have realized the importance of having a specialist police unit for tourism-related issues.
Given that criminals often use various methods to transport drugs, city police have been integrated to closely inspect postal materials delivered through all channels and used big data analysis to effectively combat and prevent drug-related crimes in logistics delivery channels. The number of drug trafficking cases has decreased each year and is currently down 60 percent from 2015.
Gea Elika, principal broker at Elika Real Estate, an agency that represents high net-worth buyers in New York, told China Daily that the luxury market has cooled, and more penalties on the rich could make things worse.
Given the history, it is hypocritical for Britain to deliberately violate its pledge made in the British memorandum associated with the Sino-British Joint Declaration despite the Chinese firm opposition and repeated representations, and insist on using the BNO passport or status, which some people in Hong Kong still hold, for political maneuver on the pretext of changing the policy to provide a route for relevant persons to reside and obtain citizenship in Britain, said a spokesman of the HKSAR government.
German retailer Metro AG, which has 93 stores in China, is also looking to sell its unit in China amid a wider company restructuring, according to Reuters.
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Global investors are expected to monitor the China markets more closely from now on, said Raymond Ma, Portfolio Manager, Fidelity International.
Global pandemic aside, as pressing as the crisis is, Abe's successor will also have to take up the mantle of "Abenomics", a set of aggressive monetary policies aimed at breathing life into the Japanese economy after suffering two decades of deflation, while maintaining fiscal discipline.
Global poverty has been falling for decades: In the 1960s, around 50 percent of the world population was living in extreme poverty (defined as living on less than .90 per day). Today, that number is around 10 percent.
Geely, which owns Volvo and a stake in Daimler, has been at the forefront of Chinese carmakers' digitalization and connectivity drives.