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☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ China renamed its homegrown regional airliner to better sell it abroad. Here's how it compares to its closest rival.
▼ + stars: | 2024-11-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The C909's closest competitors in size and range are the Brazilian-made Embraer E190-E2 and E195-E2. China's state-owned planemaker, the Commercial Aircraft Corporation of China, better known as Comac, has rebranded its regional aircraft to better compete with Airbus, Boeing, and Embraer. AdvertisementEmbraer's larger planes can carry more peopleComac data shows the C909 seats five abreast and can carry 78 passengers in two classes (or up to 97 in a high-density configuration). The Embraer E190-E2 has a shorter range than its sister jet. For example, Virgin Australia agreed to buy eight E190-E2 aircraft in August.

Persons: Comac, Yin Liqin, it's, Chen Duo, Syme, Pratt, Whitney's, Grinsven, Canada's, Cirium Organizations: Airbus, Boeing, Embraer, Commercial Aircraft Corporation of China, Jets, China News Service, Getty, TransNusa, Getty Images China Southern Airlines, Airlines, Royal Jordanian Airlines, Canada's Porter Airlines, Comac, Reuters, Hainan Airlines, Porter Airlines, Colorful Guizhou Airlines, Virgin Australia Locations: Brazilian, China's, China, Europe, Guangzhou, Indonesian, Manado, Amman, Western Europe, Toronto, Los Angeles, Hainan, Zhuhai

☆ Disney is turning record parks profits — even before its big expansions
▼ + stars: | 2024-11-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom. Experiences, which includes parks, resorts, cruises and consumer products, was the second-highest revenue driver behind Disney's entertainment division, which tallied $41.18 billion in fiscal 2024. "It's small things adding up to big things," said David Lightbody, senior vice president of Disney Live Entertainment. Limited time holiday merchandise available at Disney parks. A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida.

Persons: Gary Hershorn, King Thanos, it'll, Gavin Doyle, Doyle, Mouse, Helene, Milton, David Lightbody, Lightbody, Lindsay Brookshier, Disney hasn't, Liao Pan Organizations: Magic, Walt Disney World, Corbis, Getty, Magic Kingdom, Disney, Big, Marvel, Epcot, Guardians, Falcon, Disney Live Entertainment, Walt Disney, Disneyland's, Pixar Fest, Medianews, Orange, China News Service Locations: Orlando , Florida, Magic, Florida, California, Hong Kong, Anaheim, Walt, Lake Buena Vista , Florida

☆ Home Depot is on the verge of an earnings rebound after quarterly beat and raise
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: +6 min

Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Same store sales on a companywide basis were down 1.3%, while U.S. same store sales fell 1.2% versus the year ago period. HD YTD mountain Home Depot Year to Date Bottom line High interest rates and economic uncertainty still weigh on Home Depot. But same store sales — a key metric in the retail space that seeks to adjust sales results for new store opening or closings — while down from a year ago, did show improvement in the U.S and globally. Same store sales are expected to decline by about 2.5%, revised upward from the prior expectation of a 3% to 4% decline.

Persons: Patience, Edward Decker, Jim Cramer's, Jim Cramer, Jim, Sha Organizations: U.S, Home, Home Depot, Federal Reserve, Federal, Depot, CNBC, China News Service, Getty Locations: U.S, Comps, Arlington , Virginia, Sha Hanting

☆ Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
▼ + stars: | 2024-10-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China News Service | China News Service | Getty ImagesBEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits. Last week, Horizon Robotics — a Chinese artificial intelligence and auto chip developer — and state-owned bottled water company CR Beverage went public in Hong Kong. The firm noted that Chinese delivery giant SF Express is planning for a Hong Kong IPO next month, while Chinese automaker Chery aims for one next year. Still, the overall pace of Hong Kong IPOs this year is slightly slower than expected, George Chan, global IPO leader at EY, told CNBC in an interview earlier this month. Hong Kong, then New York

Persons: Pony.ai, Didi, Marcia Ellis, Morrison Foerster, George Chan, Chan Organizations: Nasdaq, China News Service, Getty, U.S, Hong Kong Stock Exchange, CR Beverage, Renaissance, Hong, Chery, CNBC, IPOs Locations: BEIJING, U.S, Hong Kong, China, New York, Mainland China, New

The Vessel, the honeycomb-shaped tower in Manhattan which closed in 2021 after a series of suicides, reopened Monday with added safety features. The 150-foot attraction first opened in 2019 as the centerpiece of the Hudson Yards development on the West Side. It was a popular tourist destination, thanks to its zigzagging stairs and Hudson River views, but four suicides over 18 months forced its closure. The Vessel remained indefinitely closed to the public while owners worked to address the significant safety concerns highlighted by the deaths, NBC New York reported. The Vessel in the Hudson Yards on July 26, 2024 in New York.

Persons: Liao Pan, Angelina Fiorini, “ It’s Organizations: Hudson, NBC, China News Service, Getty, NBC New, New Locations: Manhattan, NBC New York, New York, New York City

☆ China’s censorship is among the toughest in the world. So why did it let Kanye West play?
▼ + stars: | 2024-10-12 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —It seemed like an unlikely stage for Kanye West to unveil his new music. Music fans cheer during Kanye West's Vultures Listening Experience at Wuyuan River Stadium on September 15, 2024. One of the fastest-growing in the world, China’s music market became the fifth-largest market globally in 2022, according to IFPI, a trade body for the recorded music industry. China’s recorded music revenues grew 28.4% in 2022 from the year prior, compared with the global market rise of 9%, IFPI said. Bieber “engaged in a series of bad behaviors, both in his social life and during a previous performance in China,” China’s Ministry of Culture announced in 2015, without going into details.

Persons: –, Ye –, Ye, ”, Luo Yunfei, Xi Jinping, China “, Chen Dan, Mariah Carey, John Legend, Charlie Puth, Chen, Kanye, ” Chen, “, Ye’s, China’s, Hung Ho, fung, Bon, Jovi’s, Lama, Justin Bieber, Jay, Lady Gaga, Bieber “, Culture “, Ho, Johns Hopkins, it’s Organizations: Hong Kong CNN, Kanye, Communist Party, German, Adidas, Sports, Chinese Communist Party, China News Service, University of, Travelers, Xinhua, Kanye West, Visual China, Johns Hopkins University ., Oasis, China’s Ministry of Culture, Ministry, Culture, China, Nanjing University, China Daily, University of Richmond Locations: Hong Kong, China, Hainan, Hainan’s, Haikou, Beijing, Shanghai, “, Tokyo, British, Asia, Nanjing, Johns

☆ China's Golden Week holiday signals persistent consumer caution
▼ + stars: | 2024-10-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Passengers line up to check in at Chengdu Tianfu International Airport on October 6, 2024 as China's week-long National Day holiday draws to a close. China News Service | China News Service | Getty ImagesBEIJING — China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences. The Golden Week holiday in China commemorates the founding of the People's Republic of China on Oct. 1. "The Golden Week consumption could still suggest a modest recovery versus August, in our view, due to trade-in subsidies (for appliances and autos) and consumption vouchers issued by the local governments," Peng said. During Golden Week, mainland China recorded 765 million domestic trips, up from both the prior year and before the pandemic, according to the Ministry of Culture and Tourism.

Persons: Goldman Sachs, Goldman, Trip.com, Kenneth Chow, Oliver Wyman, Chow, It's, Christine Peng, Peng Organizations: Chengdu Tianfu International, China News Service, Getty, BEIJING, China Film Administration, Consumers, CNBC, UBS, Ministry of Culture, Tourism Locations: Chengdu, China, People's Republic of China, Greater China, Japan, Thailand

☆ GE Healthcare has been an under-the-radar winner — and a new catalyst just arrived
▼ + stars: | 2024-09-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street currently sees GE Healthcare earning $6.72 per share in 2028, according to FactSet, up from $4.25 projected this year. GE Healthcare has been a stock we've been battling since its steep slide during the second quarter. That dynamic — coupled with the positive China stimulus announcements in recent days — turned GE Healthcare into one of our top-performing stocks in the third quarter . A PET scan using Flyrcado has better diagnostic efficacy than SPECT scans, according to GE Healthcare. GE Healthcare may also see a recovery in its China business due to the roll out of medical-focused stimulus spending .

Persons: Wells, Flyrcado —, Wells Fargo, Flyrcado, FactSet, Jim Cramer, —, Jim, Leqembi, Eli Lilly, Stifel, Jim Cramer's, Yi Haifei Organizations: GE Healthcare, GE, Food and Drug Administration, Wall, FDA, Federal, Club, CDC, Management, CNBC, Fair for Trade, Services, China National Convention Center, China News Service, Getty Locations: China, U.S, Beijing

☆ China central bank releases slate of support measures amid a deepening economic slump
▼ + stars: | 2024-09-24 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +6 min

Lynn Song, chief economist for greater China ING, called the repo rate cut announcement “the most important” move made during the news conference. “If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter.”The headquarters of the People’s Bank of China in Beijing. During his first news conference as central bank governor in January, Pan said the PBOC would cut the reserve requirement ratio. Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. Pan has indicated he would like the 7-day rate to become the main policy rate.

Persons: Pan Gongsheng, Pan, Lynn Song, ”, “, Jiang Qiming, ” Edmund Goh, Goldman Sachs, Li Yunze, Li, Nomura Organizations: People’s Bank of China Gov, China ING, “, U.S . Federal Reserve, People’s Bank of China, China News Service, Getty, Pan, National Financial Regulatory Administration Locations: BEIJING, China, Beijing, abrdn

☆ China bond yields hit record low after PBOC signals more easing
▼ + stars: | 2024-09-24 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesChina bond yields fell to a record low after the People's Bank of China on Tuesday announced that it would cut the reserve requirement ratio for banks. Yield on China's 10-year government bonds fell 3.75 basis points to 2.043%, data from LSEG showed, marking a record low. 30-year bond yields also dropped to a record low of 2.168%. In recent months, insurance companies and institutional investors have flocked to China's bond market, partly due to limited investment opportunities available.

Persons: Jiang Qiming, Pan Gongsheng, Pan Organizations: People's Bank of China, China News Service, Getty Images, PBOC, U.S . Federal Reserve Locations: Beijing, China, Getty Images China, LSEG

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

☆ Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
▼ + stars: | 2024-09-10 | by ( Serenitie Wang | ) www.cnbc.com time to read: +4 min

"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.

Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ Cautious Chinese travelers are taking more last-minute trips as economy struggles
▼ + stars: | 2024-09-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery. Travelers are planning trips closer to departure as they try to "take advantage of last-minute deals," economists at Oxford Economics told CNBC, noting a shift in consumer preferences where "modern travelers prefer spontaneity in their travel plans." Chinese consumers have become more frugal on everything, from groceries to travel, as the world's second-largest economy grapples with a protracted property crisis and high unemployment. "While people still want to go on holiday, sentiment regarding incomes and consumption remains low," according to economists at Oxford Economics.

Persons: Luo Yunfei, Anthony Caputano, Patrick Body Organizations: China News Service, Getty Images, Marriott International, Bank of America, Lodging Conference, Oxford Economics, CNBC, Cheung Kong Graduate School of Business Locations: HAIKOU, CHINA, Haikou, Hainan Province, China

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ A new experimental US Air Force bomb can sink warships, but the question is if it's the right weapon for a war with China
▼ + stars: | 2024-08-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewA US Air Force B-2 Spirit stealth bomber recently used a new anti-ship weapon to sink a decommissioned warship in the Pacific and a cargo ship off the coast of Florida. A US Air Force B-2 Spirt receives fuel from a KC-135 Stratotanker in the sky over northwest Missouri in August 2018. According to the Air Force Research Laboratory, the goal is to replicate the combat potential of a submarine with an aircraft that can cover a much larger area. QUICKSINK is not the only initiative indicative of the Air Force's desire to increase its maritime strike capabilities. The Air Force remains interested in developing more affordable munitions for maritime strikes.

Persons: —, Vincent De Groot, Bryan Clark, Lindsey Heflin, Mark Gunzinger, QUICKSINK, Clark, Gunzinger Organizations: Service, Air Force, American, Business, US Air Force, KC, US Air National Guard, Air Force Research Laboratory, US Navy, Hudson Institute, US, People's, Army, China News Service, Getty, Mitchell Institute for Aerospace Studies, Ship, Navy Locations: Pacific, Florida, China, Missouri, Hawaii, Gulf of Mexico, Washington, Beijing, Western Pacific

☆ How ‘special forces travelers’ are making – and then breaking – Chinese tourism destinations
▼ + stars: | 2024-08-06 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +6 min

The previously nondescript city in the eastern Chinese province of Shandong became one of China’s hottest spots for domestic tourism last year thanks to its affordable and juicy skewered meat. They’re known as “special forces travelers” because, like soldiers, they move from one checkpoint to another under incredibly tight schedules, often over weekends or short holidays. For the first half of this year, 29.22 million foreign nationals entered and exited, according to the latest figures. But the flash-mob-style approach of “special forces travelers” – switching from one community to the next – has called into question whether that type of domestic tourism is sustainable in the long term. Pan Wenbo, also from Beijing, said his favorite spots included Xi’an, home of the Terracotta Warriors, and Datong, a northern Chinese city known for ancient Buddhist architecture - both offering more affordable accommodation and food.

Persons: ” Zibo, Cici Li Yuetong, “, ”, Li, ” Li, Pan Wenbo, Jiumei, Yang ”, Yang, Mimi Li Organizations: Hong Kong CNN, National Immigration Administration, University, Cici, Warriors, China News Service, CNN, Labor, Hong Kong Polytechnic University Locations: Hong Kong, Zibo, Shandong, Beijing, China, Datong, Gansu, Tianshui City, Gansu Province, Weibo, Hong

☆ Fainting, heart attacks, and death. How pilots handle medical emergencies in midair.
▼ + stars: | 2024-07-31 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe last thing airline passengers want or expect is for a pilot to have a medical emergency during a flight. Medical emergencies are planned forKent Davis spent over 30 years as a pilot for commercial airlines and private clients. He said he made an emergency landing in Ottawa, while the flight attendants on board cared for the pilot. In August, a LATAM Airlines pilot on a three-person crew had a medical emergency during a flight from Miami, Florida, to Santiago, Chile. He received medical attention after the plane made an emergency landing in Panama, but was later declared dead.

Persons: —, Kent Davis, Mark Stephens, it's, Davis, Stephens Organizations: Service, Business, US, Trans Global Aviation Solutions, China News Service, Airbus, LATAM Airlines, NBC Locations: London, Lisbon, Montreal, Toronto, Ottawa, Miami , Florida, Santiago, Chile, Panama, Piper

☆ Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI
▼ + stars: | 2024-07-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

(Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty ImagesSelf-driving technology firm WeRide is accelerating its global expansion as the artificial intelligence boom boosts adoption of machine learning in transportation. Things are moving relatively fast because of the development of AI right now," said Sebastian Yee, Singapore director of business development at WeRide. In June, the firm began safety testing for "Robosweepers" in Singapore, following similar rollouts in multiple cities in China. watch now"WeRide is the only company which has [driverless] permits from the U.S., China, UAE and Singapore. Some [companies] just have permits from one or two countries, but we have four countries," said Kerry Xu, Singapore general manager of WeRide.

Persons: WeRide, Jia Tianyong, Sebastian Yee, Kerry Xu, Xu, Yee Organizations: SAE, China News Service, Getty Images, Getty, Logistics, Renault, Nissan, Mitsubishi, GAC Group, Nasdaq, U.S, SEC, Changi Airport Locations: BEIJING, CHINA, Beijing, China, Singapore, WeRide, Silicon Valley, Guangzhou, U.S, UAE, Japan, Europe, Cayman Islands, Southeast Asia

☆ What to expect from Paris during the 2024 Summer Olympic Games
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris CNN —The 2024 Summer Olympic Games formally get underway on Friday with an incredibly unique Opening Ceremony aimed at putting one of the world’s most famous cities on display. PARIS, FRANCE - JULY 24: A view of Trocadero Square, the venue for the Paris Olympics opening ceremony, with the Eiffel Tower in the background, on July 24, 2024 in Paris, France. The 2024 Summer Games were organized with a mind to put the entire French nation on display, including its more tropical territories. A Games focused on sustainabilityPARIS, FRANCE - MARCH 14: The Paris 2024 logo, representing the Olympic and Paralympic Games four months prior to the start of the Paris 2024 Olympic and Paralympic games is displayed on the facade of Paris town hall on March 14, 2024 in Paris, France. The Opening Ceremony of the Paris 2024 Olympic Games takes place on Friday 26th July, along the River Seine.

Persons: Paris won’t, Pont Alexandre III, Sheng Jiapeng, they’re, It’s, Pascal Le Segretain, ”, Georgina Grenon, Paris ’, Laurent Michaud, Martin Rickett, –, Alexandre III Organizations: Paris CNN, Games, Eiffel, Concorde, Paris, China News Service, Getty, Covid, Paris Olympics, Chateauroux, Olympic, Paralympic Games, Paralympic, CNN Locations: Paris, France, of, Versailles, PARIS, FRANCE, Tokyo, China, Nice, Marseille, Bordeaux, Nantes, Lyon, Tahiti, Seine

☆ Hong Kong's IPO market is finally starting to turn around, consulting firm EY says
▼ + stars: | 2024-07-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. "We are seeing more of these [U.S. dollar] funds, they are moving back to Hong Kong. "I would say if the interest rate can be further cut down, 1% maybe, that would have a significant effect on the IPO market," Chan said. Hong Kong IPO returns are improving. "These things added together are projecting an upward trend for the Hong Kong market [in the] next 5 years."

Persons: George Chan, Chan, EY, Hong Kong, Marcia Ellis, Morrison Foerster, Hong Kong IPOs, China IPOs, Bonnie Chan, EY's George Chan, EY's Chan Organizations: Hong Kong Exchanges, China News Service, Getty, CNBC, Information, HK, China Securities Regulatory, Hong Kong . Investors, U.S . Federal Reserve, Hong Kong Stock Exchange, Hong, Hong Kong Locations: BEIJING, Hong Kong, China, U.S, Shanghai, Hong, Greater China

☆ Younger generations of Asians are spending big on art
▼ + stars: | 2024-06-28 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +4 min

Younger, wealthy shoppers in Asia are splashing their cash on art, according to a longtime collector and senior auction house executive. Chen Yongnuo | China News Service | Getty ImagesAnd, while the size of the global art market fell 4% last year to around $65 billion, according to the Art Basel & UBS Art Market Report 2024, sales in China rose by 9% in 2023, overtaking the U.K. as the world's second-largest art market. For Sotheby's, the rise in younger buyers is driven in part by an increase in online activity. "The definition of digital art nowadays has been expanded from simply photography to video art to NFTs to AI-generated art," she told CNBC's "Art of Appreciation." "With the younger generations becoming more and more prominent in the market ... digital artists ... will be the group of artists getting more attention," Siyang-Le added.

Persons: Nicolas Chow, Gen X, we've, X, Chow, CNBC's, Z, Gen, Yoshitomo Nara, Chen Yongnuo, Clare McAndrew, Angelle, Mak2, Li Zhihua Organizations: …, —, Art Basel, UBS Survey, China News Service, UBS Art, Arts Economics, Survey, Art, CNBC's, Getty Locations: Asia, Shanghai, millennials, Christie's Hong Kong, Sotheby's Hong Kong, China, Hong Kong, Art Basel Hong Kong

☆ The ‘New Chinese style’ trend isn’t exactly new, but it’s proving lucrative
▼ + stars: | 2024-06-16 | by ( Christy Choi | ) edition.cnn.com time to read: +8 min

On Chinese social media platforms Weibo and Xiaohongshu, searches for “new Chinese style” and “new Chinese style outfits” hashtags exceeded 100 million in early April, according to state news agency Xinhua. “There is no set rule in the ‘new Chinese style’ (trend) that you must follow, so it is more inclusive. Riding the ‘new’ Chinese style waveFashion designers like Samuel Gui Yang, whose collections have long taken inspiration from Chinese heritage, are seeing more interest from mainland China turn to their brands due to the “new Chinese style” trend. Designer Huang Weizhe, who goes by Azhe online, often posts ideas about how to embrace the "new Chinese style" trend. But some of the “new Chinese style” products are “shoddily made” she said, though she thinks that their designs will improve with time.

Persons: CNN —, Liang Ben, ”, didn’t, Momo, Xiaohongshu, Huang Weizhe, Huang, Samuel Gui Yang, ’, Chang, Yang, Ang Lee’s, “, Hong, Bruce Lee, Eileen Chang, Ian Hylton's, Ian Hylton, Tang, ” Hylton, Min Liu, Min, Hylton, Min “, China’s TikTok, shoddily Organizations: CNN, China News Service, Xinhua, China National Textile and Apparel, Shanghai Fashion, CCTV Locations: China, Shanghai, Beijing, Chengdu, Cao, Shandong, Weibo, London, Hong Kong, American, State, Shandong province

☆ New high-speed sleeper train service connects Hong Kong with Beijing and Shanghai
▼ + stars: | 2024-06-16 | by ( Maggie Wong | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Interested in capping off your trip to Hong Kong with a long weekend in Beijing or Shanghai? A new high-speed sleeper train service is making that possibility easier than ever. Return trips depart from Beijing and Shanghai at around 8 p.m. and arrive in Hong Kong at 8.47 a.m. and 7.29 a.m. A passenger with a child boards the high-speed sleeper train in Beijing for its inaugural journey to Hong Kong's West Kowloon Station. Jia Tianyong/China News Service/VCG/Getty ImagesHong Kong’s controversial high-speed railwayOpened in 2018, the 26-kilometer Hong Kong high-speed railway is a part of the larger Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL).

Persons: ” John Lee, Hong, Jia Tianyong Organizations: Hong Kong CNN, Hong Kong West Kowloon Station, China News Service, Passengers, China, ”, Hong, Hong Kong Express, Express Locations: Hong Kong, Beijing, Shanghai, Hong Kong West Kowloon, Kowloon, Hong, China, cn, China , Hong Kong, Guangzhou, Shenzhen

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