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Chinese tourists will be back, but Super rich are willing to travel and want to spend money to luxury trips to really enjoy. China is clearly on the Top for their billionnaires, and is surpassing the USA in the number of super wealthy people. Rising on top of the list, China’s top tiers are $1.3…
The largest manufacturer of batteries for electric vehicles in China, Contemporary Amperex Technology Ltd (CATL), recently revealed plans to construct a battery plant in Hungary at a cost of 7.34 billion euros (50.79 billion yuan). When completed, it will be the largest battery cell manufacturing facility in Europe. It will be “the largest ever greenfield…
Despite assurances that depositors in China’s Henan villages will receive their frozen funds in installments, with the first payment due on July 15, only a handful of depositors have received payments, raising serious doubts as to whether banks have any funds left over. On July 10, over one thousand depositors gathered outside the Zhengzhou branch…