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Oliver Wyman - 1 Trip.com - 1 Ashley Dudarenok - 1 Ashley Dudarenok ChoZan - 1 Andrew Hayley - 1 Gerry Doyle - 1 Arnd - 1 Tesla - 1
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BEIJING China U.S China's Guizhou China's Guizhou province Hong Kong Japan Covid
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Search resuls for: "China's Guizhou province"


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☆ Chinese travelers are opting for lower-cost domestic destinations over foreign tourist spots
  + stars: | 2024-05-29 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots. The top reason for preferring their home country was "abundant domestic travel options," the survey found, followed by "too costly" international travel. Local tourism has been a bright spot in China's recovery from Covid-19 controls that ended in late 2022. watch nowDuring a public holiday this year from May 1 to May 5, domestic tourism trips and revenue surged versus pre-pandemic levels in 2019, official data showed. Local authorities said performing arts subsidies from the local governments helped generate 48.3 million yuan in ticket sales to 230,000 people, stimulating about 460 million yuan in economic activity.
Persons: Oliver Wyman, Trip.com, Ashley Dudarenok, Ashley Dudarenok ChoZan Organizations: Nurphoto, Getty, International, CNBC, China Locations: China's Guizhou province, BEIJING, China, Hong Kong, Japan, Covid, Yangzhou, Luoyang, Qinhuangdao, Guilin, Zibo, U.S, Xi'an, Guangxi, Nanjing
☆ Sixteen killed in accident at state-owned coal mine in China's Guizhou province
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Sept 25 (Reuters) - Sixteen people were killed in a coal mine accident in Panzhou city in southern China's Guizhou province on Sunday, according to a filing by the mine's owner, Guizhou Panjiang Refined Coal Co, with the Shanghai Stock Exchange on Monday. All coal mines in Panzhou city have suspending production for a day, according to Shanghai-based commodities consultancy Mysteel. The area has a total production capacity of about 52.5 million metric tons per year of mostly coking coal, representing about 5% of China's coking coal production capacity, according to Mysteel. The company operates seven coal mines with a total capacity of about 17.3 million tons. The mine where the accident took place has an annual capacity of 3.1 million tons, according to Mysteel.
Persons: Andrew Hayley, Gerry Doyle Organizations: Shanghai Stock Exchange, Reuters, Authorities, Thomson Locations: BEIJING, Panzhou, China's Guizhou, Guizhou, Shanghai, Inner Mongolia, Beijing
☆ Tesla shows interest in Sunrise New Energy's battery components
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsSept 13 (Reuters) - Battery components maker Sunrise New Energy (EPOW.O) said on Wednesday that it had received interest for its products from electric vehicle maker Tesla Inc (TSLA.O). The China-based company, through its joint venture, manufactures and sells graphite anode material for lithium-ion batteries. Sunrise's joint venture is also constructing a 260,543 m2 manufacturing plant in China's Guizhou province. Sunrise said it had received request from Tesla's battery raw materials team to provide technology details, manufacture plans and available capacity for its products. Tesla has been making supply deals with lithium companies including Liontown Resources (LTR.AX) and Core Lithium (CXO.AX) to meet raw material demand for its vehicles.
Persons: Arnd, Tesla, Tanay, Maju Samuel Organizations: REUTERS, Sunrise New Energy, Tesla Inc, Liontown Resources, Thomson Locations: Bern, Switzerland, China, China's Guizhou, Bengaluru
☆ Gold loiters near 5-month low as traders hunt for more Fed cues
  + stars: | 2023-08-21 | by ( ) www.cnbc.com   time to read: +2 min
A staff member selects a gold bracelet for a customer at a gold shop in Renhuai, Southwest China's Guizhou province, May 11, 2023. Gold held around five-month lows on Monday, pressured by higher bond yields as markets geared up for the Federal Reserve's Jackson Hole symposium for clues on where interest rates might settle. Spot gold was largely flat at $1,887.70 per ounce, while U.S. gold futures added 0.1% to $1,917.70. Gold grazed its lowest since mid-March at $1,883.70 last week, as buoyant economic data raised bets for higher-for-longer U.S. interest rates, reducing demand for the non-yielding commodity. Investors now look to Fed Chair Jerome Powell's speech on Friday, as central bankers from around the world assemble in Jackson Hole for their annual conference.
Persons: Gold, Jackson, Ole Hansen, Saxo, Jerome Powell's, Kelvin Wong Organizations: Federal, Treasury, U.S . Federal Reserve, Trust Locations: Renhuai, Southwest China's Guizhou province, U.S, Jackson, Asia Pacific
☆ China may have to bail out one of its poorest provinces
  + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com   time to read: +9 min
Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.
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