Economy
What economic cards will China play with Japan? Analysts see dilemma in the row
Beijing is expected to calibrate its response to Japan with caution, weighing potential punitive measures against the risk of economic blowback, analysts say. And while China possesses an arsenal of levers – from tourism curbs to export controls – the experts warn that a heavy hand could backfire.
“China won’t move abruptly,” said Xu Weijun, an assistant research professor with the Institute of Public Policy at the South China University of Technology.
He noted that economic interdependence...
Why China’s film industry is banking on Zootopia 2 being a smash hit
China’s film market urgently needs a hit to draw audiences back to cinemas after a lacklustre few months. And an unexpected candidate looks set to fill that role: the Disney animated comedy Zootopia 2.
Hollywood movies have underperformed in China over the past few years, but Zootopia 2 appears on track to break the curse. Its advance ticket sales have already surpassed 249 million yuan (US$35 million) – a record for a foreign animated film in China, according to box office tracker Dengta...
Maker of China’s C919 receives capital injection amid supply chain challenges
China’s leading aircraft manufacturer, determined to carve out a share of the lucrative but technologically complex civil aviation market, has obtained a timely round of financial support from its state backers, greatly expanding its registered capital as the firm aims to overcome a production bottleneck and remount its challenge to the Boeing and Airbus duopoly.
As competition from the two Western giants for contracts heats up amid a supply chain crunch that has slowed turnaround rates for the...
Distilling China’s alcohol economy
China’s Comac debuts C909 surgical cabin for ‘flying hospital’ missions
The Commercial Aircraft Corporation of China (Comac) has launched a clean surgical cabin for its C909 narrowbody jet – an innovation the manufacturer touts as the first of its kind, and one that could expand access to complex medical procedures in the country's most remote and underserved regions.
The upgrade advances the airborne hospital concept from in-flight diagnosis to genuine surgical capability, broadening the jet’s commercial applications, according to official media.
The cabin is a...
China Tourism Group to chart new course in bid to dominate Asia’s cruise market
China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive.
China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV.
After the deal goes through, the venture will operate Asia’s...
China’s liquor capital faces long march to rebirth as ‘liquid gold’ glory wanes
As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage landscape. This three-part series examines the challenges faced by Maotai town as its once-coveted baijiu loses its lustre, the impact of economic shutdowns on European wine imports, and the rise of craft beer as a budget-friendly alternative for consumers seeking quality without breaking the bank.
On the ninth day of the ninth lunar month, when the rainy...
