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As the Chinese market grows bigger and more mature, immeasurable purchasing power will be created, which will provide wider markets both for China and the world, Wang added.

As usual, US luxury brands, which boast huge following in China, are all on board for the Chinese New Year, offering product lines and marketing campaigns that draw inspiration from China's cultural traditions and zodiac animals.

As the second major Chinese mainland company to list in Hong Kong this month, following the online food review and delivery company Meituan-Dianping, Haidilao raised 0 million in its IPO. It sold stock at the top end of its marketed range of HK.80 to HK.80, with the public tranche being 4.56 times oversubscribed.

As the adults crack melon seeds and groundnuts and exchange the latest gossip, the children would have their eye locked on the candy tray.

As well, the disruption is starting to pinch citizens who count on a variety of public services, beyond those who've been finding gates closed at national parks. For example, the government won't issue new federal flood insurance policies or renew expiring ones.