Economy

Robots in room service, doors that open with facial recognition and lights that adjust to the requests of the guests through the voice. This is FlyZoo, the hotel of the future, which in China has already begun to operate, promoted by the technological giant Alibaba.

The hotel, which has 290 rooms and is located in the city of Hangzhou, very close to where the Alibaba Group has its main headquarters. Its price ranges between 600 and 2,300 yuan per room (between 80 and 300 euros, approximately).

This project is a personal initiative of Chinese President Xi Jinping and aims to develop infrastructure for commercial exchange between Asia, Europe and Africa

China hosts the second summit of the New Silk Roads, which attracts more and more nations to this global infrastructure program, despite the criticism it raises about economic colonization. The initiative aims to improve trade relations between Asia, Europe, Africa and even beyond. It foresees the construction of ports, railroads, airports or industrial parks.

In architecture, humanity has always found the best way to reflect the wealth of the society of the moment. From Egypt, where the emperors built themselves imposing pyramids, to the present, where the United Arab Emirates, the United States, China and, less often, Europe fight to amaze the world with modern and beautiful buildings. The struggle to be the tallest, the most expensive, the most modern or the one that best integrates technologies can be seen in each new architectural bet announced by the most avant-garde cities of the moment.

The People's National Assembly (ANP), the Legislative Assembly of China, today approved the new unified foreign investment law, the star project of the agency's annual session, which closes today in Beijing. During the last day of the ANP, which began on day 5, 2,929 deputies voted in favor of the approval, while 8 opposed and 8 abstained, according to the state news agency Xinhua, which highlighted the "overwhelming majority" who supported the decision.

China has again increased its gold reserves. At the end of January, the figure reached 59.94 million ounces, compared to 59.56 million the previous month, according to figures published on Tuesday by the People's Bank of China.

It is the second consecutive month that China, the world's largest consumer and producer of gold, increases the reserves of this precious metal. Before its acquisition in December, the last time the Asian giant bought gold was in 2016. Last year, central banks were the largest buyers of the metal with almost 75%. The entities acquired bullion worth 27,000 million dollars, the largest amount in almost five decades.

Spain wants to stop being a secondary player in the luxury market and step on the heels of the European leaders of the sector, France and Italy, who bill triple with their most glamorous products. And he believes that this adventure is possible. This is indicated by the consulted sources, who repeat as a mantra the promising future predicted by the Bain & Company consultants for the skin of bulls. In 2017, the national business moved 9,200 million euros, compared to 29,000 and 27,000 million in Italy and France, respectively. And in 2025 it will enter around 20,000 million. A great leap that is the tourist attraction of the nation, the leadership in the hospitality and gastronomy segment, the potential of fashion and the development of ad hoc products for this high-flying clientele.

The Innovation Index of China (CII), barometer of innovative capacity in the Asian country, increased by 6.8% in 2017 and reached its highest level since 2005, reports the official People's Daily.

The IIC measures China's development in the surrounding fields for innovation, inputs, production and their effects.

In China, a hotel group has achieved what until recently seemed impossible mission: to go down to the mine is a most gratifying and glamorous experience. To achieve such a milestone, they have had to pull architectural ingenuity, patience and wallet to finish the construction of a five-star hotel 88 meters deep in an abandoned quarry.