Briefly

Chain hotel market sustains expansion

China's chain hotel market sustained robust expansion in 2025, with chain hotel room inventory growing by 760,000 units, or 10.74 percent year-on-year, an industry report said. By the end of 2025, the country had approximately 106,300 chain hotels, offering a combined 7.83 million rooms, according to the report from the China Hospitality Association. Over the same period, the total number of operating rooms across the top 50 hotel groups increased by roughly 550,000, up 10.23 percent from the previous year, while mid-scale hotel brands saw room inventory expand by 10.91 percent.

Chinese mainland shares close lower

Chinese mainland stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.33 percent to 4079.9 points. The Shenzhen Component Index closed 0.69 percent lower at 14940.3 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.41 percent to close at 3667.79 points.

Xinhua - China Daily