Xi Jinping’s campaign for ‘common prosperity’ brings back bad memories for luxury brands in China

President Xi Jinping’s push to redistribute wealth in China through a “common prosperity” campaign has unsettled some luxury market investors. It has cast a shadow over an industry that counts the country as one of its biggest markets – luxury goods, reported CNN. The sector still bears scars from a sweeping government crackdown on corruption […]

Xi Jinping to deliver speech via video link at UNGA on Tuesday

Chinese leader Xi Jinping will deliver a virtual video address on Tuesday at the United Nations General Assembly (UNGA), Chinese Foreign Ministry Spokesperson Hua Chunying announced on Monday. “Chinese President Xi Jinping will take part in the general debate of the 76th session of the UN General Assembly via video link on September 21 and will deliver an important speech,” […]

Xi Jinping promotes Wang Haijiang to rank of General for PLA’s Western Theatre Command

Chinese President Xi Jinping on Monday promoted Wang Haijiang to rank of General for People’s Liberation Army’s (PLA) Western Theatre Command, which oversees the borders with India. Xi, chairman of the Central Military Commission (CMC), on Monday presented certificates of order at a ceremony to promote five senior military officers to the rank of general, reported […]