, officially the People's Republic of China (PRC), is a sovereign state in East Asia. It is the world's most populous country, with a population of over 1.35 billion. The PRC is a one-party state governed by the Communist Party, with its seat of government in the capital city of Beijing. It exercises jurisdiction over 22 provinces; five autonomous regions; four direct-controlled municipalities (Beijing, Tianjin, Shanghai and Chongqing); two mostly self-governing special administrative regions (Hong Kong and Macau); and claims sovereignty over Taiwan.

Covering approximately 9.6 million square kilometers, China is the world's second-largest country by land area, and either the third or fourth-largest by total area, depending on the method of measurement. China's landscape is vast and diverse, ranging from forest steppes and the Gobi and Taklamakan deserts in the arid north to subtropical forests in the wetter south. The Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from South and Central Asia. The Yangtze and Yellow Rivers, the third- and sixth-longest in the world, run from the Tibetan Plateau to the densely populated eastern seaboard. China's coastline along the Pacific Ocean is 14,500 kilometres (9,000 mi) long, and is bounded by the Bohai, Yellow, East and South China Seas.

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Latest News for: China luxury travel

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The Langham, Shenzhen wins award

Shenzhen Daily 18 Feb 2021
THE Travel + Leisure magazine recently unveiled its 2020 China’s Top 100 Hotels list and The Langham, Shenzhen has won the honor for its fourth consecutive year since 2017. The year 2020 marked the 14th edition of the China Travel Awards by the Travel + Leisure magazine.
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China holiday consumption withstands travel curbs

Taipei Times 18 Feb 2021
Robust consumption over the holiday helps China’s economy recover, but the spending was far below the yearly growth rates of 10 percent seen before COVID-19 ... Sales of luxury goods in China have been stronger than mass market products since the pandemic, reflecting restrictions on overseas travel and a stronger recovery in wages for high-earners.
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China’s holiday consumption withstands travel restrictions

Hindustan Times 18 Feb 2021
The number of people traveling over the past 20 days plunged 73% from a year ago, according to data from the Ministry of Transport ... -- David Qu, China economist ... Sales of luxury goods in China have been stronger than mass-market products since the pandemic, reflecting restrictions on overseas travel and a stronger recovery in wages for high-earners.
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Gucci sales slide for another quarter, as pandemic ends years of growth

Taipei Times 17 Feb 2021
Gucci sales fell for a fourth quarter, ending years of expansion as the luxury brand and growth motor of the global luxury group Kering struggled amid renewed COVID-19 lockdowns in Europe ... With sales growing in China as travel globally is restricted, luxury brands have been raising prices there.
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Thriving Louis Vuitton offsets drop in sales at luxury group LVMH

RTE 27 Jan 2021
Booming sales at LVMH's fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group.  ... Declining international travel has also deprived luxury goods companies of tourist revenues. .
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Burberry’s overall retail sales drop 9% but growth in Asia remains strong

Business Day 20 Jan 2021
Burberry’s decision to eliminate discounts is showing progress as the brand aims to elevate the image of its products in the eyes of luxury consumers ... China has been the luxury industry’s bright spot since the start of the pandemic. With Chinese consumers unable to travel abroad, many splurged on luxury items in their home market.
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Burberry sales drop as new coronavirus lockdowns keep shoppers home

Hindustan Times 20 Jan 2021
In China, a virus resurgence is threatening consumer demand during the crucial Lunar New Year holiday. China has been the luxury industry’s bright spot since the start of the pandemic. With Chinese consumers unable to travel abroad, many splurged on luxury items in their home market.
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Were Diamond Companies Worth the Investment?

Diamonds Net 14 Jan 2021
RAPAPORT... Investors in stocks consider many more factors ... 1 ... 2. China has seen a robust recovery. Luxury shoppers on the mainland are spending locally rather than overseas due to limitations on travel. Luxury houses will benefit from their stores in China, but will struggle in other places that rely heavily on tourist traffic. 3 ... .
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Las Vegas casino magnate, Republican mega donor Sheldon Adelson dies

Union Leader 12 Jan 2021
Son of a cab driver ... He filled his gambling hubs with trendy restaurants and shops, making them luxury destinations for business travelers and tourists alike. Adelson moved quickly when China opened up Macau’s gambling sector to foreign operators in 2001, building a casino resort and convention center and ushering in an era of staggering growth ... ....
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2020: The year that changed fashion – and not just the look

The Observer 31 Dec 2020
China is already experiencing a strong economic recovery, aided by luxury shoppers prevented from travelling to popular European shopping destinations spending at home instead ... The consultancy firm Bain & Co predicts that China, the only region to report year-on-year growth in ...
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Year in Review: Diamond Trading During Covid-19

Diamonds Net 29 Dec 2020
Travel restrictions likely to affect global trading, leading to possible polished oversupply following strong rough demand ...China business reopening amid new coronavirus reality ... • Global brands focusing on China and e-commerce as mainland luxury shoppers limit travel, impacting seasonal sales at Hong Kong, New York and London flagships.
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Longtime Pekin developer remembered as passionate about building homes

Pekin Daily Times 29 Dec 2020
According to Nelson, Whitehurst embarked on the luxury liner Queen Elizabeth II, and traveled to China, Japan, New Zealand and Australia ... travel itinerary was probably the maiden voyage of the luxury liner Queen Mary II, which was billed as a trip around the world in 80 days.
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Rapaport TradeWire December 24, 2020

Diamonds Net 24 Dec 2020
Industry Retail Mining General Finance. December 24, 2020. RAPAPORT MARKET COMMENT. Mood optimistic as US and European dealers close for holidays ... 29 at 10 p.m. EST ... Jewelry Leads China’s Luxury Growth. Strong consumer sentiment and decline in overseas travel have boosted domestic spending, Bain & Company says ... China Rebound Boosts Swiss Watch Exports.
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