The World Travel & Tourism Council (WTTC) announced Monday that China will hold the 2010 Global Travel& Tourism Summit in Beijing.
The summit will take place in Beijing on May 25-27, 2010. "Our members are all delighted that we will be going to Beijing, capital of the world's most dynamic travel and tourism economy and one of the most interesting and exciting new tourism destinations," said Jean-Claude Baumgarten, WTTC president & CEO, while announcing the summit venue. The board was unanimous in its decision to select China.
Read more: Beijing to host 10th global travel, tourism summit
The world's third-largest independent software company, Infor Global Solutions, is planning to expand its presence in China which is expected to surpass the United States to become the world's largest automobile market this year, China Daily reported Monday.
Consumer demand for automobiles in China is also pushing up demand for software systems used by carmakers and parts suppliers, the newspaper said, citing Tobin Alexander, Infor's vice president for automotive industry sales in Japan and Asia-Pacific.
Read more: Infor Global Solutions expands in China - The next largest auto market
Chinese companies have expressed interest in dualizing the trunk road linking Zimbabwe and its northern neighbor Zambia, as well in rehabilitating a stretch of the railway line along the same route, a senior government official said on Monday.
Deputy Minister of Transport, Communication and Infrastructure Development Tichaona Mudzingwa told Xinhua in an interview on Monday that the railway project could also stretch to Zambia.
"The Chinese have expressed interest in constructing the trunk road that is Harare-Chinhoyi-Chirundu. They have also expressed interest in the railway from Harare to Chinhoyi and if possible over the Zambezi to Zambia," the deputy minister said.
Read more: China interested in upgrading Zimbabwe's transport network
Japan's 225-issue Nikkei Stock Average crept up 0.2 percent Monday amid concerns about negative U.S. employment data and domestic trends towards share-issuance to raise capital to offset debt. The benchmark Nikkei gained 19.64 points to 9,808.99.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange ended in negative territory, shedding 0.4 percent to 870.67.
The U.S. Bureau of Labor reported that the unemployment rate rose to 10.2 percent in October and non-farm payroll employment continued to decline to -190,000, 91,000 less than previously reported. The largest job losses over the month were in construction, manufacturing and the retail trade.
Hong Kong recorded sharp falls in the value of its domestics exports in the third quarter, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government said Friday.
The apparel industry suffered the most, with the value of exports falling 84.7 percent year on year to 1.1 billion HK dollars (141 million U.S. dollars).
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