4 d. ago Chinese Tourists Are Spending Less. Hotel Giant H World Says That’s a Good Thing

Chinese Tourists Are Spending Less. Hotel Giant H World Says That’s a Good Thing  The Wall Street Journal

Society

9 d. ago As Hong Kong retail sales recover, can landlords follow with higher shop rents?

Ever since Hong Kong’s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether the city’s landlords and developers can look forward to rental increases sooner rather than later. Hong Kong retailers such as Bakehouse and Korean food and beverage operator Seoul Recipe Group are more optimistic these days, as locals and tourists alike start to spend more in the city. However, a meaningful recovery in rents for high street shops and prime shopping...

Economics

1 week ago Damaged coral reefs in Hong Kong may take years to recover, green groups warn

Damaged coral reefs in a Unesco-listed geopark in Hong Kong may take years to recover, environmentalists have warned, after a government investigation found that an area of about four square metres had been affected. Thousands of tourists were found to have flocked to Sharp Island in Sai Kung during mainland China’s National Day “golden week” holiday this month, with some trampling on corals while snorkelling and digging up marine organisms. The Agriculture, Fisheries and Conservation Department...

Events

1 week ago China sanctions US firms; ‘super golden week’ spending: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China sanctions US defence firms, chip data provider in latest curbs Beijing has announced sanctions on a slew of Western companies and institutions in the defence sector and a leading semiconductor data analysis provider, marking its latest salvo amid ongoing trade tensions with the United States. 2. China says foreigners are using its rare earth exports...

Economics

1 week ago China’s ‘super golden week’ box office lags, but annual picture improves

China’s extended “super golden week” holiday saw cinemas’ box-office revenues slump compared to last year’s National Day break, but nationwide takings since the start of the year have already exceeded the total for all of 2024. According to box-office tracker Dengta Data, cinemas raked in 1.83 billion yuan (US$257 million) during the eight-day holiday, which ended on Wednesday. That was the second-lowest total since 2017 and down from the 2.1 billion yuan reported for the regular seven-day...

Politics

1 week ago China's Golden Week holiday spending dips in latest red flag for economy

China's Golden Week holiday spending dips in latest red flag for economy  Reuters

Economics

1 week ago China's Golden Week holiday spending falls in latest red flag for economy

China's Golden Week holiday spending falls in latest red flag for economy  Reuters

Economics

1 week ago China sees uptick in ‘super golden week’ spending amid record travel surge

China logged a welcome uptick in spending on services during the just-concluded eight-day “super golden week” public holiday, as the country’s transport hubs handled record numbers of passengers. Chinese transport authorities logged 2.432 billion passenger trips – a record high and a 6.2 per cent year-on-year increase – during this year’s extended holiday, which combined the National Day and Mid-Autumn Festival celebrations. The surge was mainly driven by overlapping demand for tourism and...

Politics

1 week ago China Spends $114 Billion During Golden Week, Makes 888 Million Trips

China Spends $114 Billion During Golden Week, Makes 888 Million Trips  Modern Diplomacy

Economics

1 week ago 1.4 million mainland passenger trips made to Hong Kong over ‘golden week’ break

More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the country’s National Day “golden week” holiday, official data has shown, but a sector representative said tourists’ spending power remained weak despite the increased numbers. According to the latest figures from the Immigration Department, the number of inbound trips made by mainland visitors during the eight-day break, which coincides with the Mid-Autumn Festival this year, marked a 15 per cent increase from...

Politics

1 week ago 1.4 million mainland Chinese passenger trips made to Hong Kong over ‘golden week’

More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the National Day “golden week” holiday, official data has shown, but the number still fell short of the city government’s expectations of nearly reaching pre-pandemic levels of 1.52 million. While Hong Kong retailers and caterers reported business growth of up to 20 per cent year on year during the break, a sector representative said on Thursday that tourists’ spending power had remained weak. According to the...

Politics

1 week ago China Tourism Surges In 2025 Golden Week, Reflecting Strong Domestic Demand And Cultural Confidence Across Provinces

China Tourism Surges In 2025 Golden Week, Reflecting Strong Domestic Demand And Cultural Confidence Across Provinces  Travel And Tour World

Politics

1 week ago How China turns "super golden week" into national spending spree

How China turns "super golden week" into national spending spree  Big News Network.com

Politics

1 week ago Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago China’s 2025 Golden Week Travel Surge Marks Record Passenger Volumes Across All Modes

China’s 2025 Golden Week Travel Surge Marks Record Passenger Volumes Across All Modes  Travel And Tour World

Politics

1 week ago China's Golden Week generates strong traffic, but sales tallies may disappoint (BABA:NYSE)

China's Golden Week generates strong traffic, but sales tallies may disappoint (BABA:NYSE)  Seeking Alpha

Politics

1 week ago China Focus: How China turns "super golden week" into national spending spree

China Focus: How China turns "super golden week" into national spending spree  Big News Network.com

Politics

1 week ago Hong Kong retailers, caterers enjoy ‘golden week’ business growth of up to 20%

Hong Kong retailers and caterers have reported business growth of up to 20 per cent year on year during mainland China’s National Day “golden week” break, with one tourist spending a whopping HK$1 million (US$128,500) on international brands, business leaders have said. Industry leaders said stores selling gold, jewellery and cosmetic products emerged as the big winners as the eight-day break wrapped up on Wednesday, while cha chaan teng were the top dining choice, followed by Chinese...

Politics

1 week ago China braces for record travel peak on final day of ‘golden week’

China’s transport system braced for a massive travel surge on Wednesday as millions of people returned to work at the end of the annual “super golden week” holiday, one of the busiest times of the year. Transport authorities added hundreds of extra trains and additional temporary EV charging stations to manage the rush on the final day of the week-long break, which included National Day and the Mid-Autumn Festival. The Ministry of Transport on Wednesday said the total number of journeys during...

Sport