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Unhygienic cleaning practises revealed in China hotels

“The 11-minute video, claims it shows hidden camera footage of cleaning staff wiping cups and sinks down with used towels and other unsanitary behaviours at 14 international hotels in China” writes Telegraph View for telegraph.co.uk. Other hotels whose cleaners were caught on camera and also issued statements included the Park Hyatt hotel in Beijing, and the Shangri-La Hotel in Fuzhou in eastern China. City tourism and health agencies in Beijing and Shanghai are investigating and in touch with the hotels featured in the video.High-end hotels in China run by international…

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Cleaner at luxury Chinese hotel caught cleaning toilet and drinking cups with same sponge 

“The 11-minute video, claims it shows hidden camera footage of cleaning staff wiping cups and sinks down with used towels and other unsanitary behaviours at 14 international hotels in China” writes Telegraph View for telegraph.co.uk. Other hotels whose cleaners were caught on camera and also issued statements included the Park Hyatt hotel in Beijing, and the Shangri-La Hotel in Fuzhou in eastern China. City tourism and health agencies in Beijing and Shanghai are investigating and in touch with the hotels featured in the video.High-end hotels in China run by international…

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News Oil 

China hopes trade expo will highlight import clout as U.S. dispute rages

“No officials from the United States — China’s top trading partner — will be present as their trade dispute rages, but over 100 U.S. firms will be exhibiting their wares” writes Midwest Communications Inc for 95kqds.com. “It’s a protocol signing, to show support to the trade fair,” said the executive. Source: 95kqds.com Share This:

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Markets News 

Shanghai and CSI300 reverse earlier losses

“Trump predicts a great deal with China on trade and that has helped to reverse losses in the Shanghai index which is now up 1.10%” reports forexlive.com. Having said that, China is certainly not in a hurry to do a “great deal” before the elections.    The question is “Will the market fall for the pump? or “Is the market now immune to the words?”. The CSI 300 is also higher and is up by 1.15% With the clock ticking to the mid-term elections, a falling stock market is certainly…

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Markets News 

Chinese markets take another tumble amid a brutal month for mainland stocks

“Mainland Chinese markets suffered yet another setback on Monday, falling by more than 2 percent amid an already rough October” writes unknown author for cnbc.com. Leung also said he saw a possibility of a rebound for the Chinese markets in the fourth quarter of 2018.The recent moves downward came despite multiple efforts by Chinese authorities in recent days to calm the markets. Source: cnbc.com Share This:

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Robots to make robots at ABB’s new $150 million factory in China

“The factory, located near ABB’s China robotics campus, is due to be operating by the end of 2020 and will produce robots for China as well as for export elsewhere in Asia” writes Midwest Communications Inc for 95kqds.com. ZURICH (Reuters) – Robots will make robots at a new ABB factory in China, which the Swiss engineering group said on Saturday it plans to build for $150 million in Shanghai as it defends its place as the country’s largest maker of industrial robots.ABB, whose industrial robots are used, among other things,…

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China watchdog probes unit of catering giant Compass over expired school food

“The market supervisory administration said in a statement over the weekend it was investigating Shanghai Eurest Food Technologies Service Co Ltd’s operating qualifications and food safety controls at the Shanghai SMIC Private School” writes Midwest Communications Inc for 95kqds.com. SHANGHAI (Reuters) – Chinese authorities are probing a local unit of global catering giant Compass Group Plc over mouldy and expired food found at a private school served by the group and said it would inspect other schools around the city.It has set up a task force to respond to the…

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Markets News Stocks 

There’s something unique about China that fuels rapid boom-bust cycles in financial markets

“It may not just be the property market that’s recently benefit from this latest merry-go-round for Chinese capital flows” writes Business Insider Australia for businessinsider.com. Similar moves have been seen in the past, including in the first half of 2016 — again, another period when Chinese stocks were hammered.While fundamental factors have undeniably been a factor, it appears that speculative money, potentially from the stock market, may also be finding its way into commodities.The first shows the Shanghai Composite Index overlaid against the amount of outstanding margin debt used to…

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Markets News 

China markets bounce back despite GDP numbers missing forecasts

“Over on the mainland, the Shanghai composite advanced by 0.47 percent and the Shenzhen composite saw gains of around 0.56 percent” writes Eustance Huang for cnbc.com. After falling in the morning, China markets bounced back to recover after the GDP data was released. The ASX 200 saw a partial recovery but remained lower by 0.28 percent in morning trade, as most sectors trended lower.A selloff in the mainland Chinese markets had occurred during the previous session on Thursday, with the Shanghai seeing its lowest point since November 2014 on Thursday…

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Markets News Stocks 

China’s stocks are plunging again — falling 3% to near 4-year lows as trade jitters return

“Thursday’s drop means that the Shanghai Composite has now fallen more than 30% since January, placing it deep into bear market territory” writes Will Martin for businessinsider.com. Other indexes, including the Shenzhen Composite, and the FTSE China A50 also nursed losses in excess of 2%.At the close of play in China, the Shanghai Composite — the country’s benchmark index — fell by more than 2.9%, dropping to its lowest level since November 2014.Chinese stocks plunged once again on Thursday as fears about the trade with the US brought turmoil back to…

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