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Asylum applications up to 54 780 in May 2025

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Volkswagen, Xpeng expand CEA platform to ICE & hybrid models in China

Volkswagen Group China and XPeng announced on Friday that their jointly developed zonal electrical/electronic architecture, the China Electronic Architecture (CEA), will see broader adoption. Starting in 2027, the CEA will be deployed not only in locally developed Volkswagen-brand pure electric vehicles but also extended to combustion engine and hybrid models produced in China. Equipped with…

China’s home price decline narrows in July

People visit the sales office of a commercial housing complex outside Beijing’s Fifth Ring Road on Saturday. JIA TIANYONG/CHINA NEWS SERVICE BEIJING — The decline in the prices of commercial residential homes in China’s 70 large and medium-sized cities continued to narrow on a year-on-year basis in July, official data showed on Friday. In the…

Euro area international trade in goods surplus €7.0 bn

Euro area The first estimates of euro area balance showed a €7.0 bn surplus in trade in goods with the rest of the world in June 2025, compared with +€20.7 bn in June 2024. The euro area exports of goods to the rest of the world in June 2025 were €237.2 billion, an increase of…

Business registrations and bankruptcies rise in Q2 2025

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China’s growing ‘ticket-stub economy’ fuels extended consumer spending

NANCHANG — At halftime of a football league match in East China’s Jiangxi province, spectator Li Zide unexpectedly learned that his ticket could get him half off the usual price of indoor skiing at a nearby scenic spot. “I’d always thought winter sports were expensive, but this discount was the perfect chance to give it…