China’s travel and tourism sector is set for strong growth, with World Travel & Tourism Council (WTTC) data projecting a 5.3% expansion in 2026 and 6.5% annual growth over the next decade, reaching $3.5 trillion by 2036.
Global steel excess capacity continues to grow, driven by increasing subsidies in some major non-OECD steel-producing economies, while efforts to restore fair competition are increasingly undermined by circumvention of trade measures aimed at levelling the playing field, according to a new OECD report.
Saudi Arabia has awarded new housing projects in Riyadh and Dammam worth more than SAR1.9 billion ($506 million) to Chinese firms, as part of efforts to strengthen the Saudi-Chinese partnership in the housing and construction sectors.
Construction has started in China on a 271,000-cubic-metre LNG carrier, highlighting advances in high-end shipbuilding and energy transport. The QC-Max vessel, built by Hudong-Zhonghua Shipbuilding, a China State Shipbuilding Corporation subsidiary, is due for delivery in 2028.
Leading Saudi Arabian groups have signed six agreements with Chinese entities covering investment co-operation, construction technology, knowledge transfer, workforce development and public-private partnerships at a key industry event in Shenzhen, China.
Ras Al Khaimah has wrapped up a four-day investment roadshow in China, pitching the northern emirate as a gateway to the Middle East, Africa and Europe (EMEA) region and seeking to attract Chinese companies across key sectors including manufacturing, logistics and technology.
A high-level delegation of government and business leaders from Ras Al Khaimah have highlighted the emirate’s opportunities for green tech and manufacturing during a high level tour of China’s Guangdong and Fujian Provinces.
The Abu Dhabi Chamber of Commerce and Industry is leading a private sector delegation from the Emirate of Abu Dhabi to Shanghai, China, aiming to expand the global presence of Abu Dhabi-based businesses and strengthening their connections with China.
Chapman Freeborn, part of Avia Solutions Group, completed a time-critical charter moving 90 tonnes of oilfield equipment from China to Saudi Arabia, including pumps and oversized parts up to 8 metres, using a Boeing 747 freighter.
China's factory activity stalled in May, signalling continued pressure on the sector from weak domestic demand and rising production costs, an official survey showed on Sunday.
