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 A gigantic military compound is reportedly being built just outside Beijing; the construction site measures over four kilometres from side to side and will eventually be ten times the size of the Pentagon, becoming the largest command centre in the world
Asia China For months, over 500 self-driving taxis have been roaming the streets of the city of Wuhan, in what is the world's largest experiment with self-driving cars
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