Daily brief
Foreign luxury firms have reported a surge in sales in China, with LVMH also engaging in cultural dialogues to strengthen its presence. The trend is supported by China's growing consumer market and the opening of the telecommunications sector to foreign companies, as reported by China Daily.
The AI boom has propelled a Chinese optical maker to the top weighting on the CSI 300 index.
TikTok founder Zhang Yiming has become Asia’s second richest billionaire.
India’s IndiGo has paused services to Hong Kong, Shanghai, and four other destinations, citing a challenging cost environment.
China has urged the EU to view bilateral trade ties in an objective and rational way, while a new CFR report outlines how the US can reduce its pharmaceutical dependence on China.