China’s top hotels shed stars to woo austerity-hit customers
More than 50 of country’s five-star establishments want to downgrade to attract officials forced to shun the high life
More than 50 of country’s five-star establishments want to downgrade to attract officials forced to shun the high life
Boom attributed to new urban affluence – and to Chinese fondness for lucky colour
Second-quarter GDP growth in world’s second largest economy falls to lowest rate since depths of financial crisis in 2009