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People look at the new iPhone 15 Pro as Apple's new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023. Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch. The 512 GB iPhone 15 Pro Max, which has a 11,999 yuan price tag in Apple's store, can be bought for 10,698 yuan on Alibaba's e-commerce platform Taobao. The e-commerce platform iPhone 15 discounts were first reported by The Economic Observer weekly newspaper on Monday.

Persons: Aly, Alibaba, Sophie Yu, Brenda Goh, Alexander Smith Organizations: Apple, REUTERS, Rights, PDD Holdings, HK, Counterpoint Research, Reuters, Economic Observer, Shanghai, Thomson Locations: China, Shanghai, Rights BEIJING

A Comac C919, China's first large passenger jet, flies away on its first commercial flight from the Shanghai Hongqiao International Airport in Shanghai, China May 28, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 28 (Reuters) - China Eastern Airlines (600115.SS) said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC). The list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models. Next, the plane manufacturer will cooperate with China Eastern more closely, to show other potential users the reliability and performance of C919." China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027.

Persons: Aly, Li Hanming, Li, COMAC, COMAC's, Sophie Yu, Brenda Goh, Neil Fullick, Peter Graff, Miral Organizations: Shanghai Hongqiao International, REUTERS, Rights, China Eastern Airlines, Commercial Aircraft Corporation of China, Airbus, Boeing, China Eastern, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing, Washington, Brunei

BEIJING, Sept 4 (Reuters) - Kweichow Moutai (600519.SS) and coffee brand Luckin Coffee (LC0Ay.MU) on Monday launched in China a latte advertised as containing the fiery Chinese spirit baijiu, as the Chinese luxury liquor maker aims to pull in younger consumers. The companies said the latte alcohol content was lower than 0.5% of its volume. By Monday afternoon in Beijing and Shanghai, Luckin's app showed that the drink had sold out at several stores. "Moutai and Luckin are the leading enterprises in the domestic liquor and coffee sectors, respectively," Zhu said. ($1 = 7.2640 Chinese yuan)Reporting by Sophie Yu and Brenda Goh; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Moutai, Kweichow Moutai, Zhu Danpeng, Zhu, Luckin, Sophie Yu, Brenda Goh, Gerry Doyle Organizations: Monday, Weibo, Luckin, Nasdaq, Thomson Locations: BEIJING, China, China's, Guizhou, Beijing, Shanghai

[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.

Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's

[1/5] Passengers wait to board trains at Shanghai Hongqiao railway station ahead of the five-day Labour Day holiday, in Shanghai, China, April 28, 2023. REUTERS/Aly SongBEIJING, April 28 (Reuters) - China is bracing for a record-high travel rush over the Labour Day holiday, with popular sightseeing spots selling out of tickets and some cities warning would-be visitors away as domestic tourism rebounds after Beijing ended COVID curbs. Authorities are expecting 19 million trips to be made across China's vast railway network on Saturday, the first day of the five-day holiday, which would be the highest number of rail trips made in a single day in the country's history. Over the 40-day Lunar New Year travel period in January-February this year, 348 million trips were made in total, or about 8.7 million trips a day on average, according to the National Railway Administration. China's aviation authority said it expects air passenger trips to reach a total of 9 million over the five days.

[1/3] An applicant is measured for height during a recruiting session for cabin crew jobs at Hainan Airlines in Beijing, China, March 30, 2023. Carriers including Xiamen Airlines, China Southern Airlines (600029.SS) and Spring Airlines (601021.SS) are now on a hiring spree as domestic travel recovers and they plan to resume flights to popular international destinations. China Southern, which plans to hire 3,000 cabin crew this year, said it already had more than seven times as many applicants by the end of December. Before the pandemic, around 10% of cabin crew applications were typically successful, industry experts said. As the peak summer season approaches, Chinese airlines are adding international capacity.

BEIJING, Feb 7 (Reuters) - China's luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing's zero-COVID policy and a slowing economy hit spending, Bain & Company said in a report on Tuesday. The luxury market grew 42% annually between 2019 and 2021 but its fortunes changed in 2022, after China doubled down on stamping out COVID-19 with city-wide lockdowns and a regulatory crackdown hit the property sector and fuelled unemployment. The figure compared to growth of 1% between 2012 and 2016, and a 26% increase in sales between 2016 and 2019, Bain said. Mirroring recent results from the likes of French luxury goods group LVMH (LVMH.PA) and Italy's Salvatore Ferragamo (SFER.MI) for 2022, Bain said all luxury categories were affected to varying degrees during the year. While categories with high online penetration, such as luxury beauty, suffered single-digit declines, the watch market fell the most, with sales dropping 20% to 25% from 2021.

BEIJING, Dec 6 (Reuters) - Chinese residents have rushed to snap up COVID-19 antigen kits and medicines for fevers and colds, as the country's recent easing of prevention measures triggered widespread concern among the public that they could now catch the virus. "People around me are all buying antigen kits and I also bought 50," said 40-year-old Beijing resident Huang Yuqi, working for an entertainment company. "Now the country is entering a new phase in terms of pandemic policy and I'm unsure about what will happen next. Shandong-based pharmaceutical company Buchang Pharma (603858.SS) told local news outlet Cailianshe that its factory making a Chinese medicine for lung disease was working around the clock due to "huge demand". The rush to stock up on COVID treatments drew scorn in state media.

China Development Bank Leasing, ICBC Leasing, CMB Financial Leasing, BOCOM Leasing, CCB Financial Leasing, SPDB Financial Leasing and Jiangsu Financial Leasing on Tuesday signed orders for a combined 300 C919s and 30 ARJ21s at Airshow China in the southern city of Zhuhai, COMAC said in a statement on Wednesday. As with previous announcements, it was not immediately clear how many were firm orders or expressions of interest, and no delivery dates were provided. Before the latest deals, there had been 815 orders for the C919 from 28 customers, according to COMAC's website. COMAC said on Tuesday that China would need 9,284 new aircraft over the next 20 years to meet market demand, 200 more than in its forecast last year. The U.S manufacturer forecast China would need 6,370 single-aisle airplanes to support its growing network of international and domestic routes in that time, while COMAC said that 6,896 such planes would be needed.

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