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China’s luxury shoppers free to travel, but many buy locally

BY Reuters  • January 26, 2023January 26, 2023
By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in the global luxury retail market, but many consumers see more[...]
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Asia Business Economy Entertainment and Lifestyle Europe Health UK Updated

For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns

BY Reuters  • January 20, 2023January 20, 2023
By Chayut Setboonsarng and Farah Master BANGKOK/HONG KONG (Reuters) – As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure th[...]
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Asia Business Economy Entertainment and Lifestyle Europe Health US

COVID-hit Chinese factories eye gradual recovery after Lunar New Year break

BY Reuters  • January 19, 2023January 19, 2023
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is fi[...]
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EU tourist stays neared pre-pandemic levels in 2022 – Eurostat

BY Reuters  • January 18, 2023January 18, 2023
By Diana Mandia and Dina Kartit (Reuters) – The number of nights spent in tourist accommodation in the European Union in 2022 approached pre-pandemic levels, the bloc’s statistics office E[...]
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Business Economy Entertainment and Lifestyle Europe Health Updated

China aims to stabilise housing prices, strictly curb speculation

BY Reuters  • January 17, 2023January 17, 2023
BEIJING (Reuters) -China’s housing regulator will work to keep housing supply and demand balanced, make home prices stable and strictly curb speculation, a ministry publication reported on Tuesd[...]
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Asia Business Economy Health Updated

Household wealth optimism collapses, global survey shows

BY Reuters  • January 16, 2023January 16, 2023
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust i[...]
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China to boost spending for COVID prevention, treatment

BY Reuters  • January 16, 2023January 16, 2023
BEIJING (Reuters) – China’s finance ministry said on Monday it will boost funding for COVID-19 prevention and control, urging local fiscal departments to step up transfer payments to rural[...]
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Asia Economy Health

Nepal inflation eases to 7.38% as food, beverage prices dip

BY Reuters  • January 13, 2023January 13, 2023
By Gopal Sharma KATHMANDU (Reuters) – Nepal’s inflation eased to 7.38% in the month to mid-December, the lowest in about eight months, as prices of food and beverages dipped, official data[...]
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China outbound flight bookings at 15% of pre-pandemic levels despite recent surge – ForwardKeys

BY Reuters  • January 12, 2023January 12, 2023
By Jamie Freed (Reuters) -China’s outbound flight bookings were at only 15% of pre-pandemic levels in the week after the country announced it would reopen its borders, despite a 192% jump from t[...]
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