Tag: China

Beijing, China, June 27, 2025 (GLOBE NEWSWIRE) -- On 26 June 2025, The Future of Finance China 2025 was held by The Asian Banker in Beijing. LexinFintech received The Asian Banker’s “Best AI Technology for Financial Technology Company in China” in recognition of its pioneering innovations and applications in AI large models and agent‑based automation.The Asian Banker awards are renowned for their rigor, with winners selected by an international panel of bankers, consultants, and academics through a multi‑round evaluation process over several months. Often dubbed the “Oscars” of the Asia‑Pacific financial sector, the awards carry significant prestige.Other recipients of The Asian Banker’s annual awards included major financial institutions such as Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), and China Merchants Bank (CMB).

The Chinese construction industry is projected to grow by 3.2% in real terms in 2025, driven by investments in infrastructure and energy. Despite challenges like sluggish residential demand and trade tensions with the US, growth is expected to average 4.2% annually from 2026-2029. Key projects include transport, industrial developments, and initiatives supporting China's goal for net-zero emissions by 2060. The "Construction in China - Key Trends and Opportunities to 2029 (Q2 2025)" report offers comprehensive insights on market prospects, industry trends, and major projects, aiding stakeholders in strategizing and navigating risks.

The global Commercial Laundry Machinery market is set to expand from $6.7 billion in 2024 to $10.4 billion by 2030, at a CAGR of 7.5%. Key trends include advancements in IoT-enabled devices, energy efficiency, and innovations like water recycling technologies. These factors, driven by demand from hospitality and healthcare sectors, are fueling market growth. The report highlights regional dynamics, with the U.S. valued at $1.9 billion in 2024, and China expected to grow at a 9.8% CAGR. This comprehensive analysis offers insights into market drivers, competitive landscapes, and future trends, making it essential for strategic business decisions.