2020-10-09 12:15

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Zhejiang Seizes BIG Cigarette Smuggling! Two Cases Busted!

Source: HangzhouTube, People's Daily, Xinhua News, China DailyGood afternoon


The China Coast Guard has seized large quantities of cigarettes worth more than 100 million yuan (nearly $15 million) in total, in two major suspected smuggling cases.




In a Sept 25 operation, local maritime police seized a ship and arrested six people on Oujiang River in Wenzhou City, Zhejiang province, the authority said. The seized cigarettes in the case were worth 50 million yuan. 


That came after similar action was taken by maritime police in the sea off Zhuhai Jinwan Airport in South China's Guangdong province on Sept 9. The action led to a ship seized and 11 people arrested. The seized cigarettes in the case were worth 60 million yuan. 



The two cases remain under investigation, according to the China Coast Guard, which has vowed to step up its patrol of key waters and related investigations to crack down on illegal and criminal maritime activities, and ensure the security and stability of the waters under its jurisdiction.


Dufry, Alibaba to form JV in China to boost travel retail business: Dufry


Global travel retailer Swiss-based Dufry said on Monday it has agreed to form a joint venture (JV) with tech giant Alibaba Group to partner in the Chinese travel retail market in a bid to accelerate the consumer retail business and digital transformation.


Dufry said the JV will be owned at 51% by Alibaba and 49% by Dufry.


Alibaba will bring in its established network in China and its digital capabilities, while Dufry will contribute to the JV its existing travel retail business in China and its supply chain and strong operational skills, Dufry said in a press release.



"We highly value this partnership with Alibaba Group to form a strategic joint venture to explore growth opportunities and develop the travel retail business in China," Dufry Group CEO Julian Diaz commented.


"We expect this collaboration to drive growth in Asia and with Chinese customers worldwide with the support of new digital technologies," he said.


Alibaba Group will invest in Dufry up to a maximum of 9.99 percent of the post-offering share capital and will participate in its ordinary capital increase, which is subject to approval of Dufry's shareholders at its Extraordinary General Meeting (EGM) on Tuesday, the company wrote.


Dufry, headquartered in Basel, operates duty-free and duty-paid shops and convenience stores in airports, cruise lines, seaports, railway stations and central tourist areas around the world.



"By fostering existing and new business models in offline and online travel retail, we are convinced the joint venture will capitalize on growth opportunities and will support Dufry to become the leading digital travel retail company worldwide," said Diaz.


Dufry first started to operate travel retail businesses in China in 2008 and currently manages duty-paid shops in airports in Shanghai and Chengdu.


Domestic, foreign currency loans rise in Yangtze River Delta in August


The balance of domestic and foreign currency loans in the Yangtze River Delta region stood at 42.43 trillion yuan ($6.23 trillion) at the end of August, up 14.7 percent year-on-year, official data showed.


According to the Shanghai head office of the People's Bank of China, the balance of RMB loans was 41.29 trillion yuan by the end of August, up 14.8 percent year-on-year.



In August alone, new RMB loans in the region hit 411.4 billion yuan, an increase of 30 billion yuan year-on-year, while new foreign currency loans stood at $2.3 billion in August.


The balance of domestic and foreign currency deposits in the region was 53.74 trillion yuan by the end of August, up 14.5 percent year-on-year.


Shanghai and the provinces of Jiangsu, Zhejiang and Anhui come under the ambit of the Yangtze River Delta region.




People watch Qiantang River tidal bore in Hangzhou


Policemen patrol by boat on Qiantang River before the arrival of its tidal bore in Hangzhou, east China's Zhejiang Province, Oct. 3, 2020. The Qiantang River tidal bore, famous for its height and speed, coincides with the National Day and Mid-Autumn Festival holiday this year


People watch the Qiantang River tidal bore on the bank in Hangzhou, east China's Zhejiang Province, Oct. 4, 2020. The Qiantang River tidal bore, famous for its height and speed, coincides with the National Day and Mid-Autumn Festival holiday this year


People watch the Qiantang River tidal bore on Liuhe Pagoda along the river in Hangzhou, east China's Zhejiang Province, Oct. 3, 2020. The Qiantang River tidal bore, famous for its height and speed, coincides with the National Day and Mid-Autumn Festival holiday this year


People watch the Qiantang River tidal bore on a building along the river in Hangzhou, east China's Zhejiang Province, Oct. 3, 2020. The Qiantang River tidal bore, famous for its height and speed, coincides with the National Day and Mid-Autumn Festival holiday this year


Aerial view of Xixi National Wetland Park in Hangzhou


Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province


Aerial photo taken on Oct. 8, 2020 shows a view in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province


Aerial photo taken on Oct. 8, 2020 shows a sightseeing boat in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province



Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province



Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province



Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province



Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province


Aerial photo taken on Oct. 8, 2020 shows sightseeing boats in Xixi National Wetland Park in Hangzhou, east China's Zhejiang Province



For Expats in Zhejiang

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