Economy

China is not only the Asian giant, but an economic titan that questions the Western order. Although in 2004 Chinese investment abroad barely accounted for 0.45% of world flows, the communist regime has escalated to become the second largest investor country, just behind the United States, representing 12.8% of the global total in 2018.

STAR, the new Chinese technology stock index similar to Nasdaq, operated by the Shanghai Stock Exchange, debuted on Monday with stocks that rose up to 520% ​​during the day.

Most of the shares in the so-called STAR market, which has a US-style IPO system, doubled or tripled the initial public offering prices.

The size of China's cloud computing market in 2018 reached 96.280 billion yuan (about 13.970 million dollars), representing a growth of 39.2 percent compared to 2017, according to a recently published white paper on the development of the sector.

The public sector of the cloud market last year reached 43.7 billion yuan, an increase of 65.2 percent compared to 2017, according to the white paper launched by the Academy of Information Technology and Communications China.

China persists in its attempts to get Spain to participate in the Strip and Road Initiative, but neither the Spanish Government, enshrined in the diplomatic code imposed by Brussels, nor Spanish companies, cautious in the face of possible investment risks, end up being the work of embarking on the ambitious billionaire project devised by Xi Jinping.

China increased its gold reserves in May, marking in them a continuous growth during six months. This past month, its reserves increased from 61.1 to 61.61 million ounces.

According to data from the People's Bank of China, the value of gold accumulated by Beijing at the end of this month of May is equivalent to 79,825 million dollars, compared to 78,349 million dollars in the previous month.

China subsidizes the purchase of electric cars with up to 8,500 euros, in addition to other privileges. These incentives have helped the Asian country to be a world leader in the electric vehicle sector, but the Chinese domain seems even more relevant than has been predicted so far. Bloomberg has presented its BloombergNEF 2019 study these days, a comprehensive analysis where they predict the impact that the electric car will have over the next 20 years.

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.