News & Insights Across Asia
President Xi Jinping praised China’s significant progress over the past year despite challenges, emphasizing the nation’s resilience at a high-level reception to usher in the Chinese New Year.
China is taking steps to address “neijuan,” an unhealthy competition phenomenon affecting education, industry, and society at large. Policymakers aim to curb irrational competition and promote sustainable development.
China’s integration of technological innovation with supportive policies is boosting consumer growth, especially in home appliances and renovations, making upgrades more affordable and promoting economic development.