18 October 2017

  |  CBI China

News

CBI China Weekly Update

A weekly roundup of news from the CBI's China Office.

CBI China Weekly Update

Last week in China:

Beijing prepares for new airport opening in 2019 – Authorities said the airport, currently known as Beijing Daxing International Airport although its official name has not yet been released, is expected to begin operations in 2019.

  1. Beijing's New Mega Airport Will Challenge Air China's Dominance – Bloomberg
  2. China Southern Breaks Ground as New Beijing Airport Takes Shape – Caixin
  3. Beijing's New Daxing Airport Will Have the World's Largest Airport Terminal – Conde Naste Traveller
  4. Beijing's new international airport takes shape, eyeing 2019 launch – Xinhua

ASEAN Update:

While media reports indicate that the Sino-Thai speed rail project has again hit a delay, Thai airlines can now add flights to the growing China market after the U.N. International Civil Aviation Organization removed a red flag against Thailand over safety concerns. Read more.

Sector specific articles:

Auto: BMW to Outsource China Mini Car Making to Great Wall – Bloomberg

Autos: Mercedes-Benz, JVs to recall over 350,000 vehicles in China – Reuters

Commodities: Congo orders China joint venture to stop exporting raw metals – Reuters

Consumer Electronics: How Casio is selling $900 selfie cameras in China – Circuit Breaker

E-Commerce: Alibaba launches $15 billion overseas R&D drive – Reuters

E-Commerce: Alibaba Tops Amazon to Become the Biggest E-Commerce Company – Bloomberg

Energy: Buyers eye Sinopec's Argentina oil assets in sale worth up to $1 billion – Reuters

Hospitality: Airbnb’s major China rival Tujia raises $300M more at a $1.5B valuation – Tech Crunch

Insurance: Risk-Plagued Insurance Sector in Soul-Searching Mission – Caixin

Leisure: Whitbread buys out Chinese coffee shop partner for £35m – Financial Times

Pharmaceuticals: Big Pharma Gets Boost as China Speeds Up New Drug Approvals – Bloomberg

Tech: Beijing Pushes for a Direct Hand in China’s Big Tech Firms – WSJ

Tourism: Double-digit growth in daily retail sales in China over National Day ‘Golden Week’ – SCMP