Tag: Lunar New Year

During Lunar New Year, the Lion Dance Reigns

Media Library

I was born in Sydney, Australia, as the only child of parents who immigrated from China with little financial security or knowledge of English. I spent most of my childhood in Sydney’s Chinatown, by my mother’s side during school holidays as she worked the checkout at a Chinese supermarket. As a child I was mystified by the magnificent lions that would appear, as if from nowhere, on the streets of Chinatown and the Sydney suburbs. I would watch with awe as they performed elaborate dances during cultural events. My work…

China Deflation Alarms Raised by Falling Prices for Food and Cars

Media Library

Consumer prices fell last month in China by the most since the global financial crisis in 2009, the latest sign that weak spending and a glut of output from factories and farms are forcing businesses to offer discounts. The decline in consumer prices was mostly confined to food and electric cars. But wholesale prices charged by factories and other producers also fell last month, and have been down from their levels a year earlier in every month since October 2022. A broad decline in the overall level of prices, a…

Blizzards disrupt lunar new year travel for millions in China

Media Library

Millions of people in China have had their annual visit home for lunar new year disrupted by blizzards and freezing rain, with delayed or cancelled transport leaving travellers stranded. Videos on social media showed people hacking away at thick layers of ice that have brought roads to a standstill as millions of people try to get home before spring festival, which starts on 10 February. The festival is China’s busiest travel period; for millions of urban workers, it is their only trip all year to their home towns, where they…

Snow and Rain Disrupt China’s Lunar New Year Travel Rush

Media Library

Snow and freezing rain in China were disrupting travel on Monday and had already caused hundreds of rail and flight cancellations, as millions of people traveled across the country before lunar new year holiday begins this weekend. For many years, heavy travel within and into China ahead of the holiday, known as Spring Festival in Chinese, produced the world’s largest annual migration. During the coronavirus pandemic, fear of lockdowns, quarantines and other rules deterred many from traveling. Last year, the authorities abruptly lifted those rules weeks before lunar new year…

Apple Will Discount iPhones by $70 in China Starting Thursday

Media Library

Ever bought a discounted new phone from Apple? For most people, the answer is no. That’s because Apple doesn’t really do discounts. But in China, Apple is slashing the price of some of its latest iPhones by $70 amid worries that Chinese consumers have cooled on the brand. That would save a buyer about 6 to 8 percent, based on prices on Apple’s China website. It has also knocked $112 off the price of some MacBook Air laptops. The sale will start on Thursday and run through Sunday. Cutting prices…

In China, It’s Time to Splurge Again, and the Luxury Industry Is Relieved

Media Library

This time last year, Shanghai — China’s capital of fashion and luxury — was in the throes of a ruthlessly enforced Covid lockdown. The city’s glittering high-end malls and avenues lined with flagship stores stood practically empty. Today it is a different story. Huge crowds on a recent weekend flocked to top retail destinations on or near Nanjing Road, the hub of glamour in China ever since the country’s first large department stores began to open there in 1917. “I splurge more extravagantly,” Sunny Zhang, 24, said as she waited…

Flowers, Fresh Fish and Movies: China Is Spending Again, Cautiously

Chin@Strategy

In downtown Nanjing, China, a fishmonger sold a lot more ribbon fish than usual for Lunar New Year family gatherings two weeks ago. A florist in a run-down shopping mall on the south side of the city sold more roses. But a lamp vendor a few steps away in the mall has seen no recovery in sales. And at an Infiniti car dealership on Nanjing’s edge, customer visits have jumped 20 or 30 percent, but have not yet translated into extra car sales. “The economic impact of the epidemic lingers…

China’s Covid Tsunami Recedes, Bringing Relief, Grief and Anxiety

Chin@Strategy

When China abruptly abandoned “zero Covid,” accelerating an onslaught of infections and deaths, many feared a prolonged tide rippling from cities into villages. Now, two months later, the worst seems to have passed, and the government is eager to shift attention to economic recovery. Doctors who were mobilized across China to treat a rush of Covid patients say in phone interviews that the number of patients they are now seeing has fallen. Towns and villages that had hunkered down under the surge of infections and funerals are stirring to life.…

Polar Vortex Drives a Cold Snap in Asia

Chin@Strategy

Mohe, China’s northernmost city, recorded a temperature of minus 63.4 degrees Fahrenheit this week. That was the coldest in its recorded history, and cold enough to cause hypothermia within minutes in anyone who wasn’t dressed properly. “It has never been this cold,” Zhang Hong, 53, who runs a pancake shop in Mohe and has lived in the city for 30 years, said by phone on Friday. “It was so frosty outside,” she added. “The wind was so brisk that it felt as though it was shaving your nose and face.”…