As the number of outbound travelers from the Chinese mainland continues to soar, Cathay Pacific as the dominant regional carrier is well positioned to fly with the country’s ambition to travel the world and take off for new growth horizons.
The Hong Kong-based Government Flying Service (GFS) has ordered seven Airbus H175 helicopters, becoming the world's leading customer for the new-generation super-medium-sized rotorcraft, Airbus Helicopters said on Tuesday.
On Aug 11, the People's Bank of China set the trading range of the yuan about 1.9 percent lower against the US dollar, allowing the currency to float at a more market-driven level against the greenback. In the week ended Aug 15, the yuan depreciated by nearly 4 percent.
Hong Kong needs to maintain its hospitable image as declining visitor numbers are affecting tourism-related businesses, the Chief Executive of the Hong Kong Special Administrative Region (SAR) Leung Chun-ying said.
What a difference a year can make in the tech world. Chinese mainland computer giant Lenovo was the darling of investors after it reported healthy growth in profit and revenue. The company's command of the global market's largest share for personal computers seemed unassailable and sales of its smartphones in the highly competitive Chinese mainland market were brisk.