The private jet industry is experiencing a significant shift, marked by a 15% decline in private jet flights in the first half of the year compared to the peak in 2022. This downturn comes as the industry grapples with changing consumer preferences and a new competitive landscape for high-end travel. Despite a brief surge during
Governor Pan Gongsheng of the People’s Bank of China recently stated in state media interviews that China’s financial risks have decreased. He specifically mentioned a drop in local government debt, which has been a major concern for international institutions. Pan emphasized that the central bank, along with the Ministry of Finance, is committed to helping