The Chinese Outbound Travel Risk Report, released on May 24 by Allianz Worldwide Partners-part of the Munich-based Allianz Group-and Peking University's research team, said the frequency of accidents during Chinese travelers' overseas trips will grow 2.5 percentage points in 2018 and 2019 to 29 percent in 2019.
The Chinese luxury market is quite peculiar as millennials (aged 20-34) are the major contributors to its growth. Chinese consumers start to purchase luxury items at an earlier age and buy more frequently. They are digitally savvy, highly knowledgeable about luxury categories and prefer "fashion", "street casual", "new" and "in-season" products. They look to express their unique personalities through distinctive looks.
The Central Commission for Discipline Inspection and the National Supervisory Commission have recently asked for law enforcement departments to protect the personal rights of people under detention.
The China Securities Regulatory Commission is studying new mechanisms and tools to increase the A-share market's inclusion rate in the MSCI Emerging Markets Index from 5 percent to 15 percent, said CSRC Vice-Chairman Fang Xinghai at the 10th Lujiazui Forum in Shanghai on Thursday.
The Chinese Ministry of Commerce has kept urging Washington to abide by its commitment against protectionism and help maintain a free, open and just international trade environment.
The Chinese mainland's booming economic growth and a burgeoning middle-income earners with disposable income, along with changing social and cultural factors, have been cited as causes for the growing interest.
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The Chinese authorities approved the bond link in mid-May, allowing investors from both sides to trade bonds on each other's interbank markets. Northbound trade started Monday, without caps on investment volume.
The Chinese ambassador expressed hope that the overpass can effectively reduce the interference of railways on municipal roads, reduce traffic congestion, facilitate travel for citizens, and play an important role in accelerating the modernization of Ulan Bator's road traffic.
The Chinese farmers' harvest festival is the first national festival created specifically for the country's farmers. Starting in 2018, the festival coincides with the Autumnal Equinox each year, which is one of the 24 solar terms of the Chinese lunisolar calendar and usually falls between Sept. 22 and 24 during the country's agricultural harvest season.
The China-Laos railway was promoted by leaders of the two countries as an interconnectivity project under the China-proposed Belt and Road Initiative. The construction of the railway began in December 2016, and the railway is expected to open to traffic in December, 2021.