October 27, 2013 |
For years Americans have led the world in business travel spending. That is about to change. With China's economy surging, business travel spending from the world's most populous country is expected to jump 14% in 2013 and 17% next year, according to the Global Business Travel Assn., the trade group for corporate travel managers. China is expected to surpass the U.S. as the world's largest business travel market by 2016. About 95% of that business travel traffic will stay in Asia, with trips to South Korea, Singapore and Hong Kong ranking as the top destinations.
October 22, 2013 |
There are few things the good people of Shanghai love more than shopping. And there were few shopping centers as luxurious as the city's Jinjiang Dickson Center. When it opened in 1994, the Jinjiang was China's first luxury retail mall, well situated among the leafy London plane trees of the former French Concession along the auspiciously named Changle Lu, the Street of Eternal Happiness. Across the street from the mall stood the hotel where, in 1972, President Nixon and Chinese Premier Chou En-lai signed the treaty that would formally open trade between what are now the two largest economies on the planet.
October 21, 2013 |
SACRAMENTO -- California has a new trade representative in China: Diane Long. The 28-year China veteran will run the California Office of Trade and Investment in Shanghai. The office is a joint venture between the Governor's Office of Business and Economic Development and the Bay Area Council, a San Francisco-based business group. "California and China have maintained a robust trade and investment relationship, but the potential to expand that connectivity is limitless," said Mike Rossi, Gov. Jerry Brown's senior jobs advisor.
October 20, 2013 |
The Lakers are expected to resume practice Sunday morning after a lengthy visit to China. The team lost a pair of exhibition games to the Golden State Warriors in Beijing and Shanghai, before returning home Friday. Confusing matters, the team had to travel through time to get home. "They land at 10 p.m. Friday, three hours before their 1 a.m. Saturday departure from China, a 12-hour flight and a 15-hour time change adding up to a reversal in time," as reported by The Times on Thursday.
October 20, 2013 |
On Sunday, the Lakers did their best to play through their first practice since returning from a preseason trip to China as part of the NBA's 2013 Global Games. Stepping away from training camp to fly halfway around the world can be disruptive, given that the Lakers have nine new faces currently on the roster. With Kobe Bryant still sidelined as he recovers from Achilles' tendon surgery, the Lakers need time throughout the preseason to establish an identity. "We're trying to get more disciplined and our offense, trying to get in your spots and the same on defense -- trying to get back on transition and get our bigs up on pick and rolls and trap a little bit better," Coach Mike D'Antoni said. "We still have nine days of work and we have to get ready for the opening game.
October 20, 2013 |
The Lakers were dragging for a team that landed before it took off. Their charter flight touched down at Los Angeles International Airport late Friday night, about three hours prior to an early Saturday morning departure from China. The 12-hour flight and accompanying 15-hour time change left their body clocks wildly askew once they reconvened for practice Sunday in El Segundo. Coach Mike D'Antoni called off practice a little early and noticed a few players were nodding off during a film session.
October 18, 2013 |
SHANGHAI - All done with their trip to China, the Lakers are ready to be world-beaters when they return to Los Angeles. Or maybe they're just ready to be beat. "Don't hold us to a high standard on Tuesday when we play Utah," Coach Mike D'Antoni quipped about their next exhibition. It's not like they were doing hard time here, and it was only a couple of exhibition games over one week, but the Lakers looked like a weary bunch Friday in a 115-89 loss to Golden State. Pau Gasol had a solid performance and it ended right there for the Lakers, who dropped to 2-4 in exhibition play, 0-2 in China.
October 17, 2013 |
SHANGHAI - It finally hit Steve Nash almost a week after leaving Los Angeles. Fatigue. The Lakers are close to the end of their China tour. They're ready for it. "Today I felt about as jet-lagged as I've felt," Nash said Thursday. "But just keep plugging away. " The Lakers play Golden State in an exhibition Friday and head home immediately after the game, complete with a quirky twist. They land at 10 p.m. Friday, three hours before their 1 a.m. Saturday departure from China, a 12-hour flight and a 15-hour time change adding up to a reversal in time.
October 16, 2013 |
BEIJING -- As the clock ticked down for the U.S. to go into default, economists in Beijing were paraphrasing the old adage: If you owe the bank a few thousand dollars, you've got a problem; if you owe a billion, it's the bank that's in trouble. So it is the case for the Chinese holding an estimated $1.3 trillion in U.S. Treasury securities, watching with bewilderment from afar as Democrats and Republicans play a risky game of chicken. "In many ways we are worse off than the United States.