The Beijing-Shanghai high speed railway is said to be the top railway of China Railway Corp which earned around 23 billion yuan last year with a net profit of 6.6 billion yuan. net asset of the company subsidiary that operates the route amounted to 131 billion yuan by the end of 2015 and its debt [...]
In line of the 13th five year plan period (2016-2020), China is planning to invest around 2.8 trillion yuan for railway construction and building no less than 23,000 kilometers of new rail lines. Called the medium and long term railway network plan, is to further expand the country’s rail network and was approved during the [...]
Incredible potential can be seen in China for the Walt Disney Co. as they open its newest attraction Shanghai Disneyland which offers the entertainment giant in boosting their brand in the world’s most populous film market. Bob Iger, Walt Disney’s chief Executive said that Disney movies are popular in China, but it theme park Shanghai [...]
Uber Technologies announced a new business initiative that focuses in providing ride hailing services to the increasing tourists in China, a move that is grabbing more market share for its local rival Didi Chixing. The US based tech giant will leverage its global presence along with its partners around the world an offer Chinese tourists [...]
China are affluent travelers and is the world’s biggest force in global luxury spending has now have a preference in local cuisine rather than snapping up luxury items such as Chanel bags and Rolex watches. This is bad news for the luxury industry as according to the Asian luxury travel report during the 10th International [...]
The Chinese government is planning to help 12 million people out of poverty by boosting local tourism in the next five years. Premier Li Keqiang announced the plans during the opening ceremony during the first World Conference on Tourism for Development. The conference, which was proposed by the Chinese government and is hosted together with [...]
A bazaar done in front of the ancient Karnak Temple in Luxor in the Upper Egypt is bustling with a substantial number of Chinese tourists everyday after months of severe recession. Several business died as foreign tourists stopped visiting the city lately, but slowly improved as these tourists turned to visit Luxor. The increase in [...]
The National Tourism Administration is piloting a freelance tour guide program in Shanghai along with eight other provinces starting this May in efforts to reduce the number of shopping trips that tourists frequently complain. Freelance tour guides are asked to sell their services through online platforms or with offline agencies and then collect service fees [...]
The Intercontinental Hotels Group is launching a new franchise model for their Holiday Inn Express brand in China that is aimed in increasing the pace of expansion in the competitive medium ranged market. The new model which is tailor fitted to the Chinese market are providing owners with benefits of operating a franchise model that [...]
The first red eye bullet train that will run from Shanghai to Beijing starts its operations on May 15. According to the Shanghai railway police authority said that the red eye bullet train G8 leaves Shanghai Hongqiao Railway Station by 7 pm and will arrive at the Beijing South Railway Station 11:48 pm. Trains running [...]
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