分类： business

Beijing’s Chaoyang district has announced a comprehensive development strategy to establish itself as the primary destination for international tourists visiting China’s capital. The initiative, revealed during the district’s annual legislative and political advisory meetings, forms a cornerstone of Chaoyang’s 15th Five-Year Plan (2026-2030) objectives.

Commercial Bureau Director Chen Feng outlined the district’s vision to create an internationally-oriented shopping environment through significant expansion and modernization of duty-free retail facilities and instant tax refund shopping zones. The strategy aims to enhance the overall visitor experience while boosting retail revenue from international tourists.

Chaoyang district currently hosts an impressive retail infrastructure including more than 100 commercial complexes and over 2,000 flagship stores. The area dominates Beijing’s premium dining scene, containing 30% of the city’s traditional teahouses, 50% of its cafes, 60% of Michelin-starred restaurants, and 70% of Black Pearl-recognized dining establishments.

The development blueprint includes substantial renovations to several prominent commercial centers. Blue Island Tower, The Place, and Yansha Youyi Shopping Cities are among the major complexes scheduled for modernization to meet international standards and consumer expectations.

This strategic positioning aligns with Beijing’s broader economic development goals and demonstrates the city’s commitment to enhancing its global tourism competitiveness. The transformation of Chaoyang district represents a significant investment in retail infrastructure and international consumer services, potentially establishing new benchmarks for urban commercial development in China.

Gold markets in Dubai and worldwide experienced a downward adjustment on Thursday morning as investors capitalized on recent gains, triggering a sell-off that pushed prices lower. The precious metal, which had reached unprecedented levels in previous sessions, faced pressure from reduced safe-haven demand amid easing geopolitical concerns and profit-taking activities.

According to the latest data from the Dubai Jewellery Group, 24K gold traded at Dh553.0 per gram, representing a decline of nearly Dh2 from previous levels. Other variants followed similar patterns, with 22K gold slipping to Dh512.25 per gram, while 21K, 18K and 14K varieties traded at Dh491, Dh421 and Dh328.25 per gram respectively. In international markets, spot gold registered $4,590 per ounce at 9 am UAE time, reflecting a 0.8 percent decrease.

Market analysts attribute the recent volatility to multiple factors. Vijay Valecha, Chief Investment Officer at Century Financial, noted that softer-than-anticipated US inflation data has strengthened expectations for two potential interest rate reductions by the US Federal Reserve within the year. Additionally, growing apprehensions regarding the Federal Reserve’s independence, fueled by reports of potential legal action against Chair Jerome Powell, have created uncertainty in rate markets and exerted downward pressure on the US dollar.

Despite the current correction, underlying market conditions remain supportive for gold. Geopolitical tensions continue to persist, including violent protests in Iran, renewed US pressure on Venezuela, fresh tariff threats associated with Tehran, and the ongoing conflict in Ukraine. These factors collectively contribute to sustained demand for assets that provide insulation from political outcomes.

From a technical analysis perspective, Century Financial identifies potential resistance for gold near the $4,675 level, based on trendline connections from highs recorded on October 27, November 13, and December 26, 2025. Support levels are anticipated around $4,550, a threshold that has been tested previously.

The market continues to demonstrate resilience despite the current pullback, with analysts monitoring both technical indicators and fundamental drivers for future price direction.

India’s aviation sector encountered significant operational challenges on Thursday, January 15, 2026, as two distinct factors converged to create widespread flight disruptions across the country. Dense winter fog blanketing northern regions coincided with the unexpected closure of Iranian airspace, creating a perfect storm for air travel operations.

Meteorological conditions resulted in severely reduced visibility across key northern Indian airports, with Delhi reporting near-zero visibility as temperatures plummeted below 3°C. Domestic carriers responded proactively to the situation, issuing advisories and implementing schedule adjustments. Indigo Airlines notified passengers of ‘slower flight movements’ specifically affecting Chandigarh operations, while Akasa Air implemented network-wide rescheduling, citing circumstances beyond their control.

The simultaneous closure of Iranian airspace created additional complications for international operations. Multiple global carriers, including Air India, were forced to reroute flights or cancel services when alternative pathways proved unavailable. This dual disruption prompted airlines to urgently advise passengers to monitor flight statuses through official channels before proceeding to airports.

Compounding these immediate challenges, Indian media reports indicated upcoming operational adjustments at Delhi Airport. From January 21-26, the aviation hub will implement daily suspensions of approximately two-and-a-half hours as part of enhanced security measures preceding Republic Day celebrations in the capital.

These disruptions highlight the complex interplay between seasonal weather patterns, geopolitical developments, and security considerations that modern aviation networks must navigate. The incidents demonstrate how regional events can create ripple effects throughout global transportation systems, affecting both domestic and international travel operations.

Chinese authorities are implementing a multi-faceted national strategy to address the country’s substantial housing inventory surplus, combining targeted municipal policies with broader market interventions. The initiative comes as data reveals a critical imbalance, with the average inventory clearance period across 100 major cities reaching 27.4 months in November—nearly double the 14-month threshold considered healthy for a balanced market.

The approach features distinct regional variations, with first-tier cities averaging 17.1 months of inventory, second-tier cities at 22.6 months, and third- and fourth-tier markets facing a daunting 40.3-month backlog. Housing Minister Ni Hong emphasized the implementation of city-specific measures to manage new supply while reducing existing stock, particularly through the conversion of commercial properties into affordable housing.

A cornerstone of the strategy involves the innovative use of a 300-billion-yuan ($42.96 billion) relending facility established by the People’s Bank of China to support affordable housing conversions. This financial mechanism, potentially expanded through local government bond allocations, enables the purchase of existing commercial properties for transformation into subsidized housing.

Concurrently, local governments are deploying creative mechanisms including housing “trade-in” programs and voucher systems for urban redevelopment projects. These initiatives facilitate residents’ transition from older properties to new developments while simultaneously reducing inventory overhang.

Market analysts highlight the potential for further policy relaxation in core metropolitan areas. Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, suggested that additional easing of purchase restrictions in Beijing, Shanghai, and Shenzhen could generate significant positive ripple effects across smaller markets.

The long-term vision extends beyond inventory reduction to quality transformation. Minister Ni advocated for constructing “quality homes” with superior design, materials, and maintenance standards, while simultaneously upgrading existing housing stock. Market trends already indicate shifting preferences, with units exceeding 120 square meters comprising 30% of new supply in key cities.

Experts emphasize that stabilizing the property market is crucial for mitigating negative wealth effects on household consumption. Morgan Stanley’s chief China economist Robin Xing noted that restoring confidence in this key asset class would be instrumental in unlocking broader economic spending power.

In a landmark economic agreement reached Thursday, the United States and Taiwan have established a comprehensive trade partnership centered on massive technology investments and reduced tariffs. The deal secures $250 billion in Taiwanese commitments to advance U.S. semiconductor manufacturing and artificial intelligence infrastructure while lowering tariff rates on Taiwanese goods to 15%—aligning with rates applied to other Asia-Pacific partners like Japan and South Korea.

The arrangement, negotiated under the Trump administration’s broader trade rebalancing initiative, represents a strategic economic alignment between the two nations. The U.S. Department of Commerce characterized the agreement as ‘historic,’ emphasizing its potential to catalyze a ‘massive reshoring of America’s semiconductor sector’ through the development of world-class industrial parks.

Taiwanese semiconductor giant TSMC stands at the forefront of this investment surge, announcing parallel plans to increase capital expenditures by nearly 40% this year following a stellar quarterly performance. The chipmaker reported a 35% year-over-year profit increase to $16 billion, with revenue climbing to $33 billion in the October-December period.

While Beijing immediately criticized the agreement as ‘economic plunder,’ Taiwanese officials framed the ‘Taiwan model’ as a vehicle for enhancing global competitiveness and deepening strategic cooperation with the United States. The deal includes targeted exemptions for specific Taiwanese imports such as generic pharmaceuticals and aircraft components, alongside favorable treatment for semiconductor producers investing stateside.

TSMC’s ambitious expansion strategy includes accelerating construction of its Arizona fabrication plants, with total U.S. investments approaching $165 billion. Company leadership expressed confidence in sustained AI-driven demand despite market concerns about potential technology bubbles, noting that AI adoption ‘is starting to grow into our daily life.’

Market analysts reinforce TSMC’s dominant position, highlighting its unparalleled pricing power and robust customer backlog that insulates against short-term demand fluctuations. With a market capitalization of $1.4 trillion, TSMC now ranks as Asia’s most valuable listed company—a testament to its critical role in the global technology ecosystem.