More economy and mid-range hotel operators in China are leasing office buildings for conversion to guest accommodation, reports the South China Morning Post. Such flexible, mixed-use approaches are expected to increase amid a continued weakening of the office market. In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building […]
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The Chinese government has formalized the legal framework for recycling new-energy vehicle (NEV) batteries, reports Caixin. The mandate places the primary responsibility for recovering waste power cells on automakers as the industry braces for a surge in battery retirements. Under the new regulation, set to take effect on 1 April, NEV manufacturers are required to establish […]
China’s GDP growth for 2025 was 5%, according to state-media outlet China Daily, which meets the target Beijing set, and is also the same number as 2024, with the Q4 number being 4.5%. The 5% result for the year is not a complete surprise, but the Q4 number as shown in the China Daily suggests […]
European aviation evaluators have begun test flights of China’s home-grown C919 airliner in Shanghai, reports the South China Morning Post. The manufacturer of the narrowbody jet seeks to secure Western safety certification, a crucial step towards global adoption and being able to compete with industry leaders Boeing and Airbus. Two test pilots from the European Union Aviation Safety […]
China has ramped up audits involving online influencers and high-wage earners, reports the South China Morning Post. The move looks to recover billions in unpaid levies amid slumping land sales and value-added tax revenue decline. As China’s digital infrastructure matures, top-tier influencers are leveraging massive audience engagement to generate premium earnings. Consequently, they have become a […]