The tomorrow of the Hong Kong Special Administrative Region (SAR) will definitely be better, a Chinese Foreign Ministry spokesman said on Thursday, in commenting on Hong Kong’s return to the top three in global competitiveness ranking. Hong Kong has climbed two spots to rank the third in the World Competitiveness Yearbook 2025 published Tuesday by…
An increasing number of Chinese mainland enterprises are leveraging Hong Kong initial public offerings (IPOs) to fuel their global expansion, with the financial hub serving as a vital gateway to overseas capital and markets, according to industry experts. Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) on May 20 listed on the Hong…
China’s tourism market showed steady growth during the just-concluded Dragon Boat Festival holiday, with 119 million domestic tourist trips recorded nationwide, according to data from the Ministry of Culture and Tourism on Tuesday. The figure represents a 5.7 percent increase compared to the same period last year. Total tourism spending reached 42.73 billion yuan (about…
China’s inbound tourism reached new highs during the Dragon Boat Festival holiday, with immigration authorities reporting record-breaking border crossings as the country’s expanded visa-free policies attracted international visitors. The Dragon Boat Festival, also known as Duanwu Festival, is a traditional Chinese holiday to commemorate the ancient Chinese poet Qu Yuan from the Warring States Period…
China’s 2025 three-day Dragon Boat Festival holiday box office had exceeded 300 million yuan (about 41.3 million U.S. dollars) as of 15:57 Saturday, showing a significant increase over the same period last year, according to online ticketing platforms. Hollywood blockbuster “Mission: Impossible – The Final Reckoning” has emerged as the clear frontrunner with more than…
China is preparing for a significant surge in inbound travelers over the three-day Dragon Boat Festival holiday, fueled by its expanded visa-free policies, enhanced visitor-friendly measures and growing cultural appeal. In the lead-up to the holiday, the Chinese government announced the extension of visa-free access to nationals of all Gulf Cooperation Council (GCC) countries. Starting…
The upcoming Duanwu Festival holiday, running from Saturday to Monday, is expected to see 687 million cross-regional passenger trips across China, up 7.7 percent year on year, according to the Ministry of Transport. The Duanwu Festival, also known as the Dragon Boat Festival, falls on the fifth day of the fifth month of the Chinese…
The booming consumption figures and scenes during the May Day holiday have fully reflected the resilience and potential of China’s economy, said a Chinese Foreign Ministry spokesman on Thursday. According to statistics, during the five-day holiday starting May 1, the sales revenue of consumption-related industries nationwide increased by 15.2 percent year on year, the average…
Fueled by attractive promotional activities, China’s gold consumption market experienced a boost during the five-day Labor Day holiday, even as the international gold prices remain elevated. The global gold price hit record highs 20 times in the first quarter of this year, according to a recent report from the World Gold Council. As a result,…
China has seen an air sports boom during the May Day holiday, which runs from May 1 to 5, with a surging number of flight camps offering diverse kinds of aerial experiences to air sports fans across the country. During the five-day holiday, the skies above southwest China’s Chongqing Municipality buzzed with planes, parachutes and…