China Trade Information

MACAU’S economy expanded at its fastest rate in three years in the first quarter as the gaming industry continues to boom in the only Chinese city where casinos are legal.
Gross domestic product surged 25.6 percent in the three months to March 31, according to a statement on the Website of the government’s statistics bureau. It [...]

VIN & Sprit AB, the Swedish maker of Absolut vodka, formed a joint venture with a maker of baijiu, a traditional Chinese spirit, to expand in the world’s fastest-growing major economy.
The Nordic company will own a 51 percent stake in the venture with JianNanChun, China’s third-largest baijiu maker by revenue, according to a statement posted [...]