Meanwhile, 200 locally listed Chinese companies were allowed on the international stock exchange as A shares<\/a> for the first time, and the Shanghai International Energy Exchange launched the first crude oil contracts in Chinese Yuan, making the petroyuan [as opposed to the petrodollar] one step closer.<\/span><\/p>\n All of the above are clear indications of China\u2019s further growing power in both business and financial markets worldwide.<\/span><\/p>\n Bike-sharing in China hit breaking point as cities become saturated<\/b><\/p>\n As bike-sharing companies such as Mobike venture into UK cities, despite consistent losses worldwide, China is struggling with a saturation of bikes within cities, made clear by footage of the incredible bike graveyards appearing throughout the country [see this amazing video here<\/a>].<\/span><\/p>\n As the battle between China\u2019s bike-sharing companies continues to the death, the last remaining major independent player, Ofo, this week compared their situation to that of wartime Britain<\/a> as portrayed in the recent film <\/span>Darkest Hour.<\/span><\/i><\/p>\n The burst of the bike-sharing bubble in China seems inevitable, although it remains to be seen how long investors will keep funding loss-making bike sharing companies. Mobike is estimated to be losing between $25-50 million a month<\/a> according to various sources.<\/span><\/p>\n Gap apologises after omitting Tibet and Taiwan from its China map<\/b><\/p>\n An unintentional participant in China\u2019s territorial disputes, US retailer Gap was forced to apologise this month<\/a> after one if its t-shirts was printed with a map of China, omitting parts of Tibet, Taiwan and islands in the South China Sea.<\/span><\/p>\n Gap said it “sincerely apologised\u2019 for the error in a statement, and claimed all of the t-shirts within mainland China had been removed from sale and destroyed.<\/span><\/p>\n Other companies, including Marriot<\/span>t<\/span> and Delta Airlines, have also issued apologies this year for contradicting China\u2019s territorial claims. In response, the US government has claimed Beijing is trying to impose <\/span>“political correctness on American companies and their citizens”.<\/span><\/p>\n Meanwhile…<\/strong><\/p>\n Beiwei 55 were delighted this month to be awarded gold in the national Visit England awards<\/a>\u00a0and bronze in product innovation in the Chinese Tourist Welcome Awards run by Ctrip and the China Outbound Tourism Research Institute.<\/span><\/p>\n We received the top prize in the inbound tourism category for our work with Chinese visitors to the UK. Thank you to all those who have supported us to this point and to all previous customers – we wouldn\u2019t be here without you!<\/span><\/p>\n Finally, please don\u2019t forget to <\/span><\/i>update your details <\/i><\/b><\/a>with us if you wish <\/span><\/i>to keep receiving a monthly China-UK update after 25th May <\/i><\/b>– data protection laws come into effect on that date which may prevent us from sending you our newsletter in future. Click here<\/a> to update.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":" China\u2019s global financial clout surfaces en masse China\u2019s business and financial influence were highlighted on the global stage this month on three fronts. Donald Trump vowed to help protect 80,000 jobs at China\u2019s ZTE, despite US companies having been forbidden from selling to them last month due to the company\u2019s trade with Iran and North…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-525","post","type-post","status-publish","format-standard","hentry","category-uncategorised","clearfix","post-index"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8q5OR-8t","_links":{"self":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/525"}],"collection":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/comments?post=525"}],"version-history":[{"count":10,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/525\/revisions"}],"predecessor-version":[{"id":2092,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/posts\/525\/revisions\/2092"}],"wp:attachment":[{"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/media?parent=525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/categories?post=525"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beiwei55.co.uk\/corporate\/wp-json\/wp\/v2\/tags?post=525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/beiwei55.co.uk\/corporate\/wp-content\/uploads\/sites\/3\/2018\/05\/ext-1024x683.jpg\")
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