Mr Walsh, said BA would likely have launched a new air route linking Britain directly with Chengdu12 months earlier if Britain’s stringent visa regime for Chinese tourists and business people was more on a par with that of its European rivals. British Airways on Sunday launched weekly direct flights between London and Chengdu, its first new destination in China since 2005. Chinese visitors to Britain have to pay more than for a Schengen visa to visit the UK.
H&M opened 22 stores in China in the third quarter of 2012 and sales rose by 37% when compared to 2011. "Our well received summer collections have resulted in strong sales development in the quarter, particularly in Asia but also in a number of European markets," said chief executive Karl-Johan Persson.
Xiaomi sold $2 billion worth of handsets in China in 2012 and is fast emerging as a force in China, the world’s largest mobile phone market, with revenue forecast to double in 2013. They sold seven million mobile phones in 2012 by using designs that "mimic the look and feel of the iPhone and using marketing that seems right out of Apple’s playbook." It is now the sixth biggest smartphone vendor in China, ranking above Apple. Xiaomi owns about 5% of the market with Apple just behind on 4%.