Companies
Maritime Silk Road cities mingle with Miami locals
Miami played host over the weekend to a campaign to promote tourism to Chinese provinces and cities along the Maritime Silk Road.
As part of a Chinese strategic initiative to increase investment and foster collaboration across the historic Silk Road, a delegation of more than 70 Chinese tourism industry professionals from 14 Chinese provinces, autonomous regions and municipalities as well as the China Youth Travel Service, visited the Dolphin Mall in Miami, whose port is known as the Cruise Capital of the World.
The promotion, themed Beautiful China – Journey along the Maritime Silk Road, highlighted provinces and cities including Shanghai, Jiangsu, Zhejiang, Henan, Hubei, Ningxia, Guangxi and Guangdong.
It showcased not only the tourism resources, but also a sophisticated tourist reception system as well as hospitable local people.
During the three-hour event, the delegates introduced tourism destinations by chatting with and handing out brochures and gifts to shoppers passing by the booths at the mall’s main entrance.
Local Chinese communities and students from the Confucius Institute of Miami Dade College also performed in the promotion. Performances that caused crowds of shoppers to stop and watch included a chorus performance of I LoveYou, China, a cheongsam fashion show, a tai chi sword display and the group dance Dun Huang.
Some participants in a contest on Chinese tourism destinations were awarded prizes.
“Miami is a vibrant and dynamic city. … Seeing is believing,” said Li Yaying, director general of the international cooperation department of the China National Tourism Administration (CNTA).
“Florida enjoys peculiar advantages in tourism, and Miami is a world tourist destination,” said Li Qiangmin, Chinese consul general in Houston. “I would like to see more and more people coming from China to visit this great place and to get to know more about the beauty of the place and people here.” The Chinese Consulate…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
(more…)- China’s November 2024 Economy: Navigating Mixed Signals and Ongoing Challenges
- Ukraine war: 10% of Chinese people are willing to boycott Russian goods over invasion – new study
- Australia Can Enhance China’s Credibility in the CPTPP
- Gordonstoun Severs Connections with Business Led by Individual Accused of Espionage for China
- China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves
- China Expands Nationwide Private Pension Scheme After Two-Year Pilot Program
