News & Insights Across Asia
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.
Experts warn that the EU’s import restrictions on China’s green energy products may hinder global sustainability efforts, emphasizing the need for cooperation in advancing the energy transition.
Foreign tourists to China increased by over 150% in the first half of 2024, driven by the 144-hour visa-free policy and enhanced online payment services that simplify travel and foster cultural exchange.
After a 40-minute technical delay, Donald Trump’s interview with Elon Musk began on X. Musk opened by discussing Trump’s attempted assassination, drawing over a million listeners.
Fitch downgrades Israel’s rating from A+ to A, citing the Gaza conflict’s impact on the economy, increased military spending, and higher geopolitical risks.
McKinsey’s latest report reveals a significant shift in Chinese consumer spending towards services and experiences. Discover how businesses can adapt to these trends and which industries are set for growth.
China’s Ministry of Culture and Tourism plans to expand the cultural performance market by introducing more high-quality performing arts projects, according to Ma Li.
Chinese Minister of Civil Affairs Lu Zhiyuan stresses the importance of the silver economy to improve elderly well-being, announcing plans to promote comprehensive elderly care services with new institutional documents.
Breakdancing’s debut at the 2024 Paris Olympics highlights China’s thriving street dance scene, transforming from a niche subculture into a vibrant industry inspiring a new generation.
China’s Communist Party Central Committee and State Council have released guidelines aiming for significant green transition progress by 2030 and a sustainable development trajectory by 2035.
China’s advancements in green technology are reshaping global environmental governance, leading the way in sustainable development and setting new standards for eco-friendly practices worldwide.
China unveils comprehensive guidelines to accelerate green transition in economic and social development, aiming for significant environmental improvements by 2030 and establishing a sustainable system by 2035.
China has filed a complaint with the WTO over EU tariffs on electric vehicles made in China, highlighting tensions in international trade and the growing importance of China’s EV industry.
Chinese smart manufacturing captivates Paris as domestic brands transform from ‘Made in China’ to ‘Created in China’, showcasing innovative fusion of culture and technology.
China’s new energy vehicle penetration reached 51.1% in July, surpassing fuel cars for the first time, marking a historic shift in the automotive industry.
China’s flower industry is booming, expanding the market and offering new opportunities. CGTN’s Li Mengyuan visits the International Horticultural Exhibition 2024 in Chengdu to explore this growth.
China’s CPI rose 0.5% year on year in July, signaling an inflation rebound driven by seasonal factors, according to NBS data.
China’s consumer price index (CPI), a key measure of inflation, increased by 0.5% year-on-year in July, according to the National Bureau of Statistics. The modest rise indicates steady economic activity.
Chinese e-commerce retailer Temu, launched less than two years ago, is rapidly gaining ground in the online retail sector, offering unbeatable prices and challenging established competitors.
Britain’s new government declares the nation ‘broke and broken’, revealing a £22 billion fiscal black hole left by the previous administration.
