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Chinese Spending Jumps Over Long Holiday Weekend, Tops Pre-COVID Level
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Chinese spending jumps over long holiday weekend, tops pre-COVID level | Hellenic Shipping News Worldwide
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BEIJING (Reuters) -China Southern Airlines on Monday launched its first flight between Beijing and Macau and said it plans to add 17 international routes, in a sign it expects a pick-up in international travel this year. Macau, a special administrative region of China, is a popular tourist spot and the world's biggest gambling hub. China's international airline industry has recovered only slowly following the lifting of pandemic restrictions in early 2023, struggling to match gains in domestic travel as consumers remain price-sensitive in a sluggish economy.
Chinese Electric Vehicle Maker BYD Targets 20% Jump in Annual Sales
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BEIJING (Reuters) -Chinese electric vehicle maker BYD has set a 3.6- million-unit sales target for 2024, a jump of 20% from its record-breaking sales last year, according to three people who were familiar with the matter. The world's largest EV manufacturer aims to sell 500,000 vehicles overseas this year, more than double last year's total, and one million units in 2025, Chairman Wang Chuanfu told a BYD investor meeting on Wednesday, the sources said. Wang's remarks came after BYD posted its slowest quarterly profit growth in two years on Tuesday, as EV sales lost momentum in the world's biggest auto market.