Media OutReach
China’s “Two Sessions” 2025 Government Policy Outlook Indicates Renewed Opportunities for Commercial Real Estate
Cushman & Wakefield Interpretation Report Highlights Five Areas of Opportunity for Real Estate Sectors
HONG KONG SAR – Media OutReach Newswire – 12 March 2025 – Global real estate services firm Cushman & Wakefield has released its China’s Two Sessions 2025: Interpreting the Government Work Report publication. The new study examines China’s economic development goals and policy directions for 2025 as outlined in the Report on the Work of the Government delivered by premier Li Qing, and highlights five key government tasks that will impact China’s commercial real estate market.
Sabrina Wei, Cushman & Wakefield’s Chief Policy Analyst and Head of Research, North China, said, “We should note that 2025 is the final year of the current Five-Year Plan period. In the objectives and policy measures stated in the new Government Work Report we see a focus on stabilizing expectations, expanding domestic demand, and accelerating green transition. As well, targets to implement more proactive fiscal policy, scientific and technological innovation, and revitalization of assets all inject new structural opportunities into commercial real estate.”
Boosting Consumption to Promote Retail Industry Expansion and Upgrading
The Government Work Report lists “vigorously boosting consumption” as the foremost major task for 2025. Given the uncertain external environment, tapping consumption potential and boosting domestic demand are viewed as crucial strategies to drive economic growth and to restore China’s economy to sustained healthy growth. China’s retail market is currently undergoing a period of change, where consumer pursuit of quality, social interaction, personalization and experience is becoming the mainstream. These demands are mandating retail operators to continue to grow and upgrade consumption scenarios.
Additionally, the expansion of infrastructure REITs to include consumer infrastructure has greatly stimulated investor interest in the retail industry. According to Cushman & Wakefield, commercial retail projects’ share of total real estate investment volume grew from 10% in 2023 to 14.85% in 2024 (Figure 1), and this trend is expected to further continue in 2025.
Figure 1: Comparison of property transaction volume by sector in the Chinese mainland capital market, 2023–2024
New Productive Forces and Technological Innovation to Aid Structural Recovery in Office Demand
The Government Work Report emphasizes the continued development of emerging industries such as commercial aerospace and the low-altitude economy, as well as the cultivation of future industries including biomanufacturing, quantum technology, AI, and 6G technology. The value of the low-altitude economy, for example, is forecast to reach RMB850 billion in 2025, with an average annual growth rate of more than 30%.
China’s high-tech industry has also begun to play a leading role on the global stage, with investors re-examining the value of Chinese technology companies. In the capital market, starting from the end of 2024, the performance of China’s top ten technology companies has been notable. The stock price of China’s top ten technology companies has grown by 57.39% from the end of 2023, as at the end of February 2025 (Figure 2).
Figure 2: Stock price growth trends of China’s top ten technology companies and the seven American giants (base as at the end of 2023)
Over the past two years, downward economic pressures have led to a drop in office leasing demand across the Chinese mainland. Office rents have fallen, and vacancy rates have risen in many cities. The government’s renewed efforts to promote development of the “platform economy” can effectively drive new employment and expand consumption. In turn, this will support growth in demand for office premises and industrial parks. In addition, in May 2024, the State Financial Supervision and Administration Bureau issued the Guidance on Banking and Insurance Industries Doing a Good Job in the Five Financial Tasks, which emphasized strengthening financial support for major national technological goals as well as for small and medium-sized technology enterprises. Cushman & Wakefield expects that office demand in the Chinese mainland through 2025 will grow compared to 2024, with office rental levels in some cities bottoming out and stabilizing in the second half of the year.
Special-Purpose Bonds to Accelerate Market Stabilization and Reactivation of Existing Assets
This year’s Government Work Report includes “ensure stability in the real estate market and the stock market” in the overall requirements and policy orientations for economic and social development. The detailed discussion on the real estate sector remains in the objective titled “Preventing and Defusing Risks in Key Areas.” Key points regarding real estate include continuing efforts to stabilize the property market, adjusting restrictive measures according to local conditions,
accelerating the renovation of urban villages and older housing, and fully releasing potential demand for first homes and improved housing.
The Government Work Report sets the allocation of local government special-purpose bonds at RMB4.4 trillion, an increase of RMB500 billion on last year. The funds raised from these special-purpose bonds are to be used for investment construction, land acquisitions and reserves, and the acquisition of existing unsold housing, as well as resolving local government arrears to enterprises. This policy signals a significant expansion in fiscal expenditure. Local governments’ use of special bond funds to acquire developer land and completed projects is seen as key to restoring normalcy in the real estate market.
Guangdong Province has taken the lead in the bond project, issuing RMB30.7 billion in land reserve special bonds to repurchase idle land. As at February 22, the first batch of projects planned for idle land recovery exceeded 220 sites, with a total planned reserve price of more than RMB43 billion. The model may be promoted nationwide. This will help to revitalize inefficient land use, effectively alleviate the financial pressure of real estate companies, reduce market supply, and stabilize housing market prices. Additionally, the repurposing of reserved land can be optimized for urban land use.
As the government pays greater attention to the commercial office market, developers are expected to increase efforts to revitalize and renovate unfinished office buildings, together with older and inefficient office properties constructed in non-core areas. These measures are expected to partially ease supply pressures in the commercial office market.
Encouraging Foreign Investment to Lift En-Bloc Property Market Activity
The Government Work Report reiterates the need to promote orderly opening up in the internet and cultural sectors, expand opening up pilots in telecommunications, healthcare, and education, encourage foreign investors to increase reinvestment, and support participation in upstream and downstream industrial chain collaboration. Ministry of Industry and Information Technology data reveals that, by the end of 2024, 2,343 foreign enterprises had been approved to operate telecommunications businesses in China. Additionally, the 2025 China Business Environment Survey Report from the American Chamber of Commerce in China shows that nearly 70% of consumer industry respondents expect to increase investment in China in 2025. This reflects multinational companies’ general willingness and confidence in continuing to invest in and to deepen their presence in China.
Accelerating the Green Transformation Brings ESG to the Center of Asset Value
The 2025 Government Work Report outlines a blueprint for China’s high-quality development, providing a clear development path for corporate ESG practices and innovation. Against the backdrop of low-carbon transformation, practicing ESG concepts to form the core competitiveness of enterprises is a strategic choice to further promote sustainable and high-quality development.
Sabrina Wei, Cushman & Wakefield’s Chief Policy Analyst and Head of Research, North China, added, “The 2025 Government Work Report will focus development strategies on the long-term transformation of China’s national economy, rather than short-term risk responses. In the light of uncertainty in the external environment, the Chinese government has expanded fiscal and monetary support. The ‘dual engines’ of consumption combined with scientific and technological innovation will drive the recovery of the overall commercial real estate market. We expect the retail sector to directly benefit from policy dividends, while office and industrial park demand will gradually stabilize, and overall market activity should recommence growth. Asset revitalization and comprehensive management capabilities will be key to overcoming cyclical challenges.”
Please click here to download the full report (Chinese language).Hashtag: #Cushman&Wakefield
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (
https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
The Secret to a Decade of Loyalty
A decade of consistent customer trust speaks for itself. XIXILI’s seamless panties have earned a loyal following of women who return to the same style, year after year.
Whether it’s a breathable cotton panty for everyday basics or a sleek seamless style for fitted outfits, comfort remains the priority. The appeal comes down to the essentials: no visible panty lines, no adjusting throughout the day, and lightweight comfort that holds up from morning to night. For women juggling busy schedules, that kind of reliability makes all the difference.
“Our customers tell us these are the panties they don’t have to think about,” says Tara Tan, spokesperson for XIXILI. “They just work. That’s why women keep coming back.”
Designed for Every Body, Built to Last
The Full Coverage Mid-Rise Knitted Boyleg Panty delivers moderate coverage with a relaxed fit, suited for those who want fuss-free comfort. The High-Waist Knitted Boyleg Panty sits higher on the waist with gentle tummy smoothing, a go-to for wearing beneath tailored pieces and fitted silhouettes.
The Lightweight Seamless Microfiber Panty remains the star of the range. Its soft microfiber construction sits flat against the skin, creating an invisible finish under any outfit. A bestseller for ten consecutive years, this fan-favourite now comes in new colours, giving loyal fans a reason to refresh their collection.
The Foundation of Every Outfit
What sits beneath an outfit often sets the tone for the entire day. It’s the layer no one sees but everyone feels, allowing women to move through their routines with confidence, whether at work, running errands, or out with friends.
XIXILI’s decade-long bestseller continues to deliver on that promise. With new colours now available, updating the essentials is as effortless as the panties themselves.
To discover the full panties collection, visit XIXILI’s website to shop online with delivery to Singapore, or find your nearest XIXILI boutique across Malaysia.
Hashtag: #XIXILI #SGLingerie
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About XIXILI
A proudly Malaysian brand, XIXILI offers fashion lingerie and shapewear that combines elegance with all-day comfort. With one of the most inclusive sizing ranges between A to I cups and 65 to 110cm band sizes, XIXILI designs for every body type. The brand is known for its expert fitters, premium materials, and dedication to helping women feel confident and supported.
XIXILI is also the first Malaysian lingerie brand to launch a 3D Avatar Try-On Tool, enabling women to virtually try on lingerie tailored to their unique body type and measurements. From everyday basics to occasion-ready pieces, XIXILI celebrates the beauty of real bodies, every day.
Media OutReach
Huawei, Meralco, and SANXING Ningbo Launch Intelligent Distribution Solution and Lighthouse Initiative
Communication, digitalization, and AI: Emerging cornerstones of future power systems that will accelerate the intelligent evolution of distribution networks
David Sun, CEO of Huawei’s Electric Power Digitalization BU, highlighted four drivers for energy transition: green energy and diversity, resilient grids, transparent distribution, and load electrification. He called for policy changes toward dispatch-market coordination. He also emphasized that communication, digitalization, and AI are becoming core production systems, requiring stronger capabilities in digital transformation, cybersecurity, and sustainable development.
At the forum, Mr. Sun unveiled the White Paper on Communication Target Networks for the Future Power System, introducing a pioneering architecture that features an intelligent and robust main network, integrated medium-voltage and transparent low-voltage networks, high-speed secure connectivity, and space-ground integration. The paper also outlines key tech trends, from optical and wireless to carrier and satellite communications, and underscores their transformative value.
Huawei highlighted its focus on intelligence and digitalization, working with industry players to drive power transformation. Global industry leaders also shared their insights: Al’Louise van Deventer (Technology and Engineering General Manager, Eskom) on future-ready digital practices; Momar Awa Sall (Transmission Grid Director, Senelec) on private wireless networks accelerating power modernization; Deniz COSKUN (Deputy General Manager, TEİAŞ) on restructuring communication networks for grid resilience; and Andy Liu (Overseas Solutions and Marketing Director, SANXING Ningbo) on the application of Huawei IDS.
Global industry leaders and partners join to explore the future of power systems
Power distribution networks are evolving from mechanized to automated and intelligent systems, driving technological and business model innovation. Despite creating new challenges for O&M, they have unlocked further opportunities for improving grid reliability and resource allocation.
At the forum, Huawei, Meralco, and SANXING Ningbo, unveiled the IDS that delivers four core capabilities—reliable communication, edge computing, cloud-edge collaboration, and low-voltage transparency—based on a cloud-pipe-edge-pipe-device architecture. It enables an intelligent low-voltage (400 V) distribution network with controllable line loss, visualized distribution rooms, and manageable renewables, transforming fragmented digital silos into open, integrated digital systems. The three companies also announced a lighthouse showcase initiative, sharing replicable and scalable digital transformation best practices.
Advancing digital and intelligent integration for a greener, more reliable grid
Communication, digitalization, and AI are at the heart of future power systems. Huawei will deepen R&D in digital, intelligent technologies, integrating advanced intelligence into power production. Together with global partners, Huawei is committed to developing with the power industry toward greater reliability, stronger security, and a low-carbon future.
Hashtag: #Huawei
The issuer is solely responsible for the content of this announcement.
Media OutReach
Thailand Unveils Public–Private Alliance to Lead Asia’s Wellness Economy Revolution BDMS Wellness Clinic Rises as National Orchestrator of a Science-Powered, Luxury-Integrated Wellness Ecosystem
A Multi-Sector Coalition at Unprecedented Scale
Led and orchestrated by BDMS Wellness Clinic, this alliance represents one of the most holistic cross-industry coalitions in Thailand’s health and tourism landscape. As the central integrator, BDMS Wellness Clinic unites public agencies, aviation leaders, hospitality icons, financial institutions, and global biotechnology innovators into a single, strategically aligned Wellness Ecosystem. Key national partners include the Thailand Convention and Exhibition Bureau (TCEB), Thailand Privilege Card Co., Ltd., and the Thai Spa Association, with regional connectivity strengthened by Bangkok Airways. The luxury and lifestyle dimension features Sri panwa Phuket, CELES SAMUI, Mövenpick BDMS Wellness Resort Bangkok, Dusit Thani Bangkok, King Power Corporation, Siam Piwat Co., Ltd., and Lancôme by L’Oréal Thailand.
Healthcare infrastructure and precision diagnostics are reinforced by National Healthcare Systems (N Health), enabling advanced laboratory networks, cross-border clinical data integration, and continuity of care. This capability is further elevated through collaboration with global medical and biotechnology leaders — Straumann Group in advanced dental innovation, Illumina in genomic sequencing, Abbott in precision diagnostics, and Gene Solutions in next-generation molecular testing.
Through this convergence of genomics, biomarker analytics, regenerative technology, and preventive medicine, BDMS Wellness Clinic delivers data-driven health optimization—from early disease detection and biological age assessment to personalized longevity programs. Together, under BDMS Wellness Clinic’s leadership, these partners form a fully integrated, science-powered ecosystem that transforms preventive care into measurable outcomes—firmly positioning Thailand at the forefront of Asia’s Wellness Economy.
From Healthcare Provider to National Orchestrator
BDMS Wellness Clinic has evolved beyond the traditional role of a healthcare provider to become the strategic integrator of Thailand’s Wellness Ecosystem—serving as the “National Orchestrator” uniting public institutions, private enterprises, academia, and global partners under one coordinated vision. Its mission extends far beyond treatment: to optimize healthspan, precise longevity science, and build a sustainable ecosystem where wellness becomes both a national economic engine and a form of diplomatic soft power. By synchronizing infrastructure, policy, aviation, hospitality, finance, and biotechnology, BDMS Wellness Clinic is repositioning Thailand from a destination known primarily for leisure and elective care into a global epicenter of evidence-based preventive medicine and measurable health optimization.
BDMS Wellness Clinic with Wellness Literacy: The Foundation of Sustainable Global Leadership
Sustainable global leadership demands more than world-class facilities—it requires a new generation of visionaries, scientists, and industry leaders equipped to redefine the future of health. BDMS Wellness Clinic has therefore launched a transformative Wellness Literacy strategy designed to cultivate world-class human capital, elevate professional standards, and shape a knowledge-driven ecosystem that positions Thailand at the forefront of preventive medicine and longevity science in Asia and beyond.
Through strategic alliances with leading institutions—including Thammasat University and King Mongkut’s Institute of Technology Ladkrabang (KMITL) in Thailand, as well as the University of Sharjah (UAE) and Singapore Management University (SMU)—BDMS Wellness Clinic is co-developing advanced curricula in preventive medicine, longevity science, and wellness management. These collaborations are establishing a new Asian benchmark for preventive healthcare education while producing a future-ready workforce for the global wellness economy. Beyond academia, BDMS Wellness Clinic is empowering entrepreneurs and industry operators nationwide, equipping hospitality, spa, and lifestyle businesses with measurable wellness standards—elevating Thailand’s entire value chain to international levels of excellence.
From Thailand to the World: BDMS Wellness Clinic’s Global Wellness Network
Extending its ecosystem beyond national borders, BDMS Wellness Clinic has forged strategic alliances with Neem Hospital—a leading private healthcare institution in the Sultanate of Oman known for its integrated clinical services and patient-centered care—and the MODAWI Platform, a digital health coordination platform that streamlines medical referrals, clinical data exchange, and cross-border care navigation.
Together, these partnerships establish a seamless referral and clinical integration network linking the GCC region with BDMS Wellness Clinic services. By combining hospital-based clinical excellence with digital health infrastructure, the model ensures continuity of care across borders—enabling patients to transition smoothly from initial consultation in the Middle East to advanced diagnostics, genomics, and longevity programs.
The Proof of Concept: “The Journey Within”
The flagship initiative, “The Journey Within,” translates vision into execution—serving as the living blueprint of the Wellness Ecosystem envisioned by BDMS Wellness Clinic. Anchored in three seamlessly integrated pillars—Travel, Stay, and Scientific Wellness—the concept redefines how a nation can deliver holistic, outcome-driven health experiences.
- Travel: Luxury aviation partnerships, streamlined entry facilitation, and curated collaborations with lifestyle partners—ensuring effortless arrival and a seamless transition into an elevated wellness journey.
- Stay: Curated luxury hospitality designed to immerse guests in restorative comfort and elevated living.
- Scientific Wellness: Technological diagnostics, genomics, and precision-driven longevity programs delivering measurable health transformation.
For more information about The Journey Within, click https://bdmswellness.co/40LNk4v
Hashtag: #BDMSWellnessClinic #สุขภาพที่ดีเริ่มที่การป้องกัน #LiveLongerHealthierHappier #PreventiveMedicine #LifestyleMedicine #ScientificWellness #WellnessHubThailand
https://www.bdmswellness.com/en
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The issuer is solely responsible for the content of this announcement.
BDMS Wellness Clinic
BDMS Wellness Clinic, a pivotal entity within the Bangkok Dusit Medical Services (BDMS) network—Thailand’s leading operator of private hospitals—embodies a forward-thinking approach to healthcare, prioritizing prevention over cure. Specializing in early detection and prevention of diseases, our clinic offers a holistic suite of services, including advanced dental care and fertility treatments. Leveraging cutting-edge science and technology, BDMS Wellness Clinic not only anticipates future health challenges but also enhances the quality of life, marking its stature as Asia’s premier healthcare facility dedicated to elevating both mental and physical well-being.
For more details:
Facebook: Facebook.com/BDMSWellnessClinic
Instagram: @BDMSWellness
Media Inquiries: Media Inquiries: Please contact Marketing and Communication Department, BDMS Wellness Clinic Co. Ltd.
Chanokphat Pawangkanan 098-369-5963 Email: ch***********@**********ss.com
Sasiwimol Techawanto 092-807-5893 Email: 
Sa**********@**********ss.com
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