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.
China’s installed power capacity reached 4.01 billion kW by May 2026, ranking first globally. Non-fossil fuels accounted for 62 per cent of capacity, driven by growth in renewable energy projects, including offshore wind and nuclear power.
Marriott International and CG Hospitality Global have partnered to launch Series by Marriott in China, with plans to develop 100 hotels over the next decade. The first four properties are expected to open by 2026.
Ras Al Khaimah Tourism Development Authority (RAKTDA) and Huawei Mobile Services signed a Memorandum of Understanding (MoU) to enhance digital tourism marketing. The partnership focuses on destination content, storytelling, influencer campaigns, and personalised outreach to Chinese travellers.
Global solar power reached record levels in 2025, meeting 75 per cent of new electricity demand and driving the first-ever decline in fossil fuel-based power generation. Led by China and India, solar capacity additions surged 33 per cent, accelerating the global clean energy transition.
Saudi Arabia has signed a series of housing, construction and technology agreements worth SAR1.9 billion ($507 million) with Chinese partners, including China State Construction Engineering, as the kingdom deepens cooperation with China in support of its Vision 2030 transformation programme.
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.
