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Hainan
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  • Investors who ‘share the same values’ are welcome to acquire stakes in all units, chairman Xu Xiaoliang says
  • Media reports earlier this month said parent firm Fosun International was considering selling a stake in Atlantis Sanya resort in Hainan
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An extended public holiday and an economic rebound following the end of pandemic restrictions boost travel bookings for hotspots including Hainan, Jiuzhaigou and Xian in the Year of the Dragon.

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Bohai Leasing, a Shenzhen-listed arm of failed Chinese conglomerate HNA Group, is kicking off the sale of its container leasing business Seaco, sources say.

Local authorities are currently in talks with counterparts across the border to bring back multiple-entry visa scheme for Shenzhen residents before Lunar New Year.

The station, on the Philippines’ Thitu Island that is part of the contested Spratly Islands, has been built and is expected to be operational early next year.

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Observers say renewed communication channels between PLA and US military cannot fix fundamental disagreements on issues such as military conduct in South China Sea.

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California signed its most recent pact with the Chinese province of Hainan in August, including academic cooperation on air pollution, carbon neutrality and zero-emission vehicles.

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Tropical Hainan province’s first major durian harvest reflects challenges facing Chinese growers as they rush to cash in on surging domestic demand, and large-scale cultivation is still years away.

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First-class merit citations go to a unit overseeing the South China Sea and one whose responsibilities include manned space flight and weapons development.

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Only about 50 tonnes of durian are now expected be produced in Hainan this year – far less than earlier estimates and nowhere close to the roughly 1 million tonnes that China will consume this year.

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With an extensive network of charging points and deployment of new battery tech, Hainan island could help provide a blueprint for the rest of China to go all-electric.

Unemployment among China’s youth rose above 20 per cent for the first time, while Hainan is readying for its first durian harvest this year and the C919 completed its first commercial flight in May.

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With extreme weather set to once again test the nation’s electricity grid after heatwaves and drought last year, the Chinese government has been quick to respond to the threat, according to The Lantau Group.

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Hainan, a tourist hub and shopping mecca at the southern tip of China, saw disappointing retail sales during the country’s first ‘golden week’ holiday since Covid-19 restrictions were lifted.

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Chinese shoppers see little reason to travel abroad for a luxury spending spree, with Hainan’s duty-free mall takings 203 per cent above 2019 levels – so what does that mean for LVMH et al?

The government and businesses rolled out new attractions, services and sales as the island province saw a 15 per cent increase in long-haul bookings last month, according to an agency.

The procurement is a boost for Comac in helping China to fulfil President Xi Jinping’s aspiration to challenge the dominance of Boeing and Airbus in the home or even the global market.