Day: March 25, 2026

The disruption to shipping traffic along the Strait of Hormuz is starting to bite in China, where some manufacturers are reducing production due to soaring energy, raw material and freight costs. Zhao, who runs a bicycle factory in Guangzhou serving clients in the United States, Middle East and Europe, has already put most export business on hold. “We also cancelled all orders from Iran,” he said. “The cost of aluminium, a key raw material for bicycle production, has risen by 30 per cent.” Advertisement Logistics costs have also climbed by…

China’s luxury hotel sector has unlocked new avenues for business growth, fuelled by a boom in inbound tourism and a growing number of foreign business travellers and holidaymakers who favour high-end accommodation. Even spending at their usual levels, they would generate considerable revenue for Chinese businesses, according to Yong Chen, an associate professor at EHL Hospitality Business School in Switzerland. Advertisement The Hongkong and Shanghai Hotels, owner and operator of The Peninsula Hotels with operations in Beijing and Shanghai, has seen a significant increase in overseas guests supported by China’s…