EDM 1 – Issue 272

So long, Hong Kong? China’s tourists are clamouring to spend their cash in three other cities

Plus: how pharma firms are being pressed for price cuts; Sinopec loses legal challenge, as biofuel sales blocked in Yunnan; and how Tencent got people to shake their phones 11 billion times in bid to catch up with Alipay

Also: Spring Gala makeover misses the mark; Nanjing’s fake bank lays bare regulatory loopholes; and what the Chinese mean by Scotland’s ‘strongman skirt party’