Asia China Hainan, the tax-free island province popular with luxury domestic shoppers and international high-end brands, experienced a 29,3% YoY decline in duty free sales in 2024 as the nation's sluggish economy led to a reduction in tourism
Asia China Sales of electric vehicles in China are set to overtake those of conventional cars for the first time in 2025, with sales of electric vehicles expected to rise 20% this year to over 12 million units, more than double the 5,9 million of 2022
Asia China The World Bank, in its latest economic update on China, revised upwards - even though minimally - its economic growth forecast for 2024 to 4,9%
Asia China Macau prepares to celebrate the 25th anniversary of its return to the motherland; streets have been adorned with celebratory banners, featuring the Five-Star Red Flag - China's national flag and the regional flag of the Macau Special Administrative Region
Asia China A biodegradable sponge capable of removing up to 99,8% of microplastics from water with low-cost and easily accessible raw materials has been developed by Chinese researchers from Wuhan University's School of Resource and Environmental Sciences