Cambodia Chamber of Commerce president Neak Oknha Kith Meng – who is also the chairman of Royal Group of Companies – shares his views on Cambodia-China trade ties on the occasion of the China National Day celebrations.
A woman tries out a lipstick at a cosmetics store at the CDF Mall in Sanya, Hainan province. MA ZHIPING/CHINA DAILY
China s enhancement of offshore duty-free shopping policies has boosted the growth of local tourism consumption and trade in South China s Hainan province and promoted the construction of the Hainan international tourism consumption center, said officials with the provincial government.
Hainan has sold about 98 billion yuan ($15 billion) in duty-free goods in the past 10 years. At that time, more than 25 million people shopped and about 120 million items were sold, according to a recent news conference marking the 10th anniversary of offshore duty-free shopping in the tropical island province.
An annual report from Boao Forum of Asia (BFA) shows the performance of Asian economies, led by China, has performed significantly better than that of the rest of the world in the past months, predicting Asian economy will experience continuous growth of more than 6.5 percent in 2021.
Under the impact of the coronavirus pandemic, Asian economies have experienced a sharp drop in growth rates, however, Asian economic performance as a whole has been significantly better than that of the rest of the world, said the report.
In terms of purchasing power parity, Asia s share in the global economic aggregate in 2020 reached 47.3 percent, up 0.9 percentage points from 2019.
SOURCE / ECONOMY
By Global Times Published: Apr 18, 2021 03:15 PM
BFA Secretary General Li Baodong at the 2021 BFA in Boao, South China s Hainan Province on Sunday Photo: Chi Jingyi/GT
An annual report from Boao Forum of Asia (BFA) shows the performance of Asian economies, led by China, has performed significantly better than that of the rest of the world in the past months, predicting Asian economy will experience continuous growth of more than 6.5 percent in 2021.
Under the impact of the coronavirus pandemic, Asian economies have experienced a sharp drop in growth rates, however, Asian economic performance as a whole has been significantly better than that of the rest of the world, said the report.