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Luxury home sales rebound in mainland China but overall market recovery unlikely: analysts

Sales of luxury homes in mainland China’s top cities are picking up as high-net-worth individuals, benefiting from the country’s tech boom, splash out billions of yuan to improve their housing. The buying binge has sparked expectations of a broad market recovery after a six-year property slump across the country, according to brokers. But analysts said such homes represented just a small portion of the mainland’s property industry, with increasing sales and higher prices not enough to turn the...

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Karaoke in the car? China’s new wave of gadget-laden electric vehicles

China’s electric vehicles (EVs) already lead the way in terms of battery and autonomous driving technologies. Now, the country’s auto brands are adding a new dimension to the notion of intelligent cars: turning them into full-scale entertainment centres. A new wave of Chinese-developed EVs is hitting the market equipped with everything from voice-activated artificial intelligence (AI) assistants, to headlights that double up as film projectors and karaoke systems. Some even feature immersive...

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