Shanghai’s economy remains stable, largely buoyed by a robust service sector. In the first quarter, the city saw retail sales grow 0.1% YoY to $72.49 billion (461.435 billion RMB). The accommodation and catering industry recorded a 1.6% revenue growth. Retail sales in various sectors showed modest growth, including grains and oils (5.8%), cosmetics (3.1%), and clothing and textiles (2.7%).
Zhou Guanyu, China’s inaugural Formula 1 driver and a Shanghai native, was named Shanghai Global Tourism Ambassador. This follows the “Visit Shanghai” campaign initiated last year, which appointed seven foreign ambassadors from various countries. Zhou’s appointment aims to showcase Shanghai to global travelers. Since the campaign’s launch,…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
