SANYA: China's scrapping of travel curbs this month is expected to revive demand in the global
On Wednesday , thousands of travellers in Hainan's Sanya city packed the CDF Mall, a shopping centre dedicated to duty-free stores, where they stocked up on cosmetics and handbags while on break for the Chinese New Year holiday.
In early January, following a broader nationwide relaxation of COVID-19 prevention policies, Beijing ended a long-standing requirement that all inbound travellers go into quarantine at a hotel immediately upon arrival. Luxury brands and retailers are hoping that an upcoming outbound tourism boom from China will bring in strong sales in 2023, just as a post-pandemic frenzy in the United States and Europe cools down.
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Australia's Coronado Global sees coal prices rising as China resumes imports(This Jan. 23 story has been corrected to specify Australian coking coal in paragraph 3 and tweaks phrasing in lead and headline) Australia's Coronado Global Resources said on Tuesday that China resuming metallurgical coal imports would likely push sea-borne coal prices higher in the short term, with stro
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China's EXIM bank offers Sri Lanka debt extension - letterNEW DELH/COLOMBO : The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month,
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Swatch positive on recovery in luxury demand from ChinaZURICH : Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China.The maker of high-end Omega, Tissot and Longines timepieces as well as its eponymous mass-market plastic watches said
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China's EXIM bank offers Sri Lanka debt extensionSri Lanka owed Chinese lenders US$7.4 billion, or nearly a fifth of its public external debt, by the end of last year. Read more at straitstimes.com.
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China offers Sri Lanka debt moratorium, IMF help still in doubtNEW DELH/COLOMBO :The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month, sayi
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