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Another Chinese battery maker, Svolt, said it will spend 2 billion euros on its European base, which is expected to start production in 2022. The battery maker spun off from Chinese carmaker Great Wall Motors in 2018. It will offer batteries for electric MINI-branded vehicles that will be made in China starting from 2023.

Another in Amazon’s seemingly endless roster of office buildings in Seattle has sold for a big price.

Apart from short-term fiscal and monetary policy reactions, China needs to carry out structural reforms to boost productivity growth by further reducing distortions such as those in the allocation of land and capital. Promoting competition and opening-up to encourage greater diffusion of technologies, and stimulating discovery through investment in R&D, including basic research, is also necessary, he said.

App Annie revealed survey findings in February which showed that the market size of tile-matching games, which is mostly played by women, has overtaken that of strategy games, which are male-dominated.

Another trend insurers are seeing is healthcare. A large-scale national health program has been planned in China, and it creates huge opportunities for the industry, he said.