Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Jun 18, 2021
Bloomberg News
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Thailand has finalized its plan to reopen Phuket on July 1, the so-called Phuket Sandbox, which will allow fully vaccinated tourists to visit the island without having to quarantine.
It’s the first time in more than a year that foreign visitors would be able to travel to Thailand’s most-famous resort-destination without being subjected to 14 days of hotel isolation, provided they are inoculated against Covid-19 and aren’t coming from what the government deemed “high-risk” nations.
Tourism-reliant Thailand is gearing up for a nationwide reopening as early as October to revive its economy, and is using Phuket as a pilot project while the rest of the country accelerates inoculations. The vaccination rate for Phuket residents is currently about 60%, compared to only about 5% nationwide; the government’s goal is 70% on the island before the reopening.
There were few visitors to Thailand last year, and a special visa program initiated ahead of the peak season over the Northern Hemisphere winter did little to boost numbers. In the year before the pandemic, international arrivals averaged more than 3 million per month and the tourism industry contributed about a fifth of gross domestic product.
The Phuket Sandbox is expected to get the Cabinet’s rubber stamp on Tuesday, with Prime Minister Prayuth Chan-Ocha planning a visit next week. Prayuth said this week that Thailand “must be ready to live with some risk” and “let people go back to being able to earn a living.”
Key details for the plan:
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