South Korea has overtaken Japan as the leading destination for outbound flights from the Chinese mainland, reports Caixin. This marks a significant shift in regional tourism trends shaped by political tensions and government advisories. Between December 29 and January 4, South Korea ranked first among outbound destinations with 1,012 flights departing from the Chinese mainland, followed […]
Category: Politics & Society
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Furniture falls
Ikea has announced it will close seven of its 41 stores across China as it looks to shift to small-format outlets catering to a more targeted market. The move comes amidst low consumer spending and a weak property market. Ikea as a brand is in many ways symbolic of the aspirations both of China’s middle […]
China’s revenue from residential land sales fell about 65% in 2025 from its 2020 peak, reports Caixin. Even state-backed investment vehicles have scaled back as a result of the ongoing property downturn. Data from the China Index Academy show that while the rate of decline narrowed slightly from the previous year, the contraction remains severe. The […]
China’s revenue from residential land sales fell about 65% in 2025 from its 2020 peak, as a prolonged property downturn forced even state-backed investment vehicles to scale back, reports Caixin citing date from the China Index Academy. Land sales rose quite strongly in early 2025 because of purchases by state-owned enterprises to offset problems with […]
China’s services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined, reports Reuters. The RatingDog China General Services PMI, compiled by S&P Global, edged down to 52.0 in December from 52.1 the previous month, marking the weakest reading since June. New business grew at […]