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China Tourism Group Duty Free Corp will offer 102.76 million shares globally in its Hong Kong listing, with about 5.14 million shares offered in Hong Kong and 97.62 million internationally, according to an announcement by the company. The offer price will be not more than HK$165.50 ($21.13) and is currently expected to be not less than HK$143.50 per share. Dealings in the H Shares on the Hong Kong Stock Exchange is expected to commence on Aug 25. As the largest travel retail operator in the world, China Tourism Group Duty Free has 193 stores across the world, including 184 in

Chinese smart projector company XGIMI launched a ceiling light with a built-in projector and speaker, which industry experts say has reinvented the form of the projector for local consumers. The "three-in-one" smart projection lamp, priced at 7,999 yuan ($1,187), serves as an illumination device, a speaker and a projector with high-resolution images. While the previous projectors occupied space with the possibility that the projection could have been affected by people walking past, the new device solves such nuisances. The company first launched similar products in Japan, a market that boasts many world-famous tech brands, including gaming leader Nintendo, which released

Experts take stock of trade surplus, FX, inflation, say H2 will aid recovery China will play a key role in underpinning the global supply chain in the second half of the year amid government policy measures to stabilize the economy while tackling the impact of COVID-19 via targeted means, experts said. Although major economies such as Germany, France, South Korea and the United States saw trade deficits in recent months, the surplus of China"s foreign trade topped 2.48 trillion yuan ($367 billion) in the first half, as exports soared after the COVID-19 resurgences were brought under control in the Yangtze