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Insights
25-Mar-19 China plans to accelerate commercialisation of 5G in a "final sprint", with 60% of the USD256 bn 2019 tech budget allocated to telecommunications. Industrial Internet, smart transport, intelligent manufacturing, smart medical care and digital agriculture are among the priorities. [image: South China Morning Post]
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Insights
14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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Insights
14-Mar-19 Rising Russian and US competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift towards independent refiners and newcomers to the business, after years of dealing only with state-owned Chinese energy firms. [image: Reuters / Ahmed Jadallah]
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Insights
13-Mar-19 Abu Dhabi has allocated AED0.5 bn (USD136 mn) for tourism marketing over three years. The funding will highlight attractions such as Louvre Abu Dhabi and Warner Bros World, and the Guggenheim Abu Dhabi project is reportedly also 'still active'. [image: Lourve Abu Dhabi / Handout via Thomson Reuters Zawya]
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Insights
12-Mar-19 The pace of shopping venue openings in China is the highest ever, against a background of slowing retail sales and growth of online - 634 net openings in 2017/18. There is now a risk of over-supply in many cities. [image: Local Gravity / Retail In Asia]
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