Premium office rents in Guangzhou dropped 10.1% in 2025, logging their sharpest annual decline since 2010, reports Caixin. This comes as cost-cutting firms vacated prime locations in favor of lower-priced alternatives. The vacancy rate in the city climbed to 21.2% by the end of the year, up 2.4 percentage points, according to data released Tuesday by […]
Category: Economics & Policy
The US House of Representatives Foreign Affairs Committee on Wednesday overwhelmingly advanced a bill that would give Congress power over artificial intelligence chip exports, reports Reuters. This comes despite pushback from the White House and a social media campaign against the legislation. Representative Brian Mast of Florida, chair of the House Foreign Affairs Committee, introduced the […]
China’s smartphone market contracted in 2025, as the momentum from government consumption subsidies dissipated in the second half, reports Caixin. The downturn underscores the fragile state of consumer electronics demand in the world’s largest smartphone market and signals a challenging year ahead, with memory costs set to climb steeply. Smartphone shipments in the China market fell […]
Beijing is planning to introduce new measures to promote the consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, reports Reuters, citing an unnamed policy advisor. Analysts say the plan’s success hinges on elevating household incomes and social welfare. Beijing views labor-intensive services as a key to reorienting its economy […]
Prices for existing homes in China’s four major cities continued to drop in December, reports Caixin, which says this is a sign that recovery remains elusive despite a slower pace of monthly declines. Data released Monday by the National Bureau of Statistics showed that prices of second-hand homes in Beijing, Shanghai, Guangzhou and Shenzhen dropped 7% […]