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Yahoo
5 hours ago
- Business
- Yahoo
Working from home: Why the UK leads in Europe and how other countries compare
The UK has the highest rate of telework among 18 European countries, with employees working an average of 1.8 days a week from home. On a wider scale, this total also places the UK second out 40 nations. But, aside from the UK, how do work-from-home (WFH) rates differ across Europe and the world? And what might explain variations between countries? The Global Survey of Working Arrangements (G-SWA) shows that telework trends have evolved since the COVID-19 pandemic. The fourth wave of the survey, conducted between November 2024 and February 2025, covers full-time workers aged 20 to 64 who have completed tertiary education (college or university). While the global telework average stands at 1.2 days per week, WFH rates vary significantly across the 40 countries surveyed, ranging from just 0.5 days per week in South Korea to 1.9 days in Canada. Several factors underpin the UK's top ranking, according to Dr. Cevat Giray Aksoy, lead economist at the EBRD and associate professor of economics at King's College London. 'The UK scores highly on cultural individualism, which is strongly associated with comfort in autonomous work environments,' said Giray Aksoy. Aksoy noted that the UK experienced long and stringent lockdowns, accelerating the adoption of remote work infrastructure and norms. He also explained that the UK's labour market is concentrated in service sectors — such as finance, consulting, and media — where WFH can be a practical option. "Crucially, British workers have developed strong and durable preferences for hybrid work, typically wanting 2–3 WFH days per week. This is no longer a marginal benefit; it's a core expectation," he said. Aksoy warned that firms ignoring this reality may face a serious disadvantage in attracting and retaining talent — particularly when competing with employers in other English-speaking countries that have embraced flexibility. In Europe, Finland (1.7 days) and Germany (1.6 days) followed the UK in the ranking. The WFH rates are also relatively high in Portugal (1.5 days), as well as in Hungary and the Netherlands (both 1.4 days). Employees in Czechia, Italy, and Sweden work from home 1.3 days per week, which is slightly above the global average. Romania, Spain, and Austria align with the global average, each reporting 1.2 remote work days per week. Dr. Aksoy attributes the variation across European countries to a mix of structural, cultural, and economic factors. 'Among these, the most powerful predictor is individualism — a cultural trait that emphasises personal autonomy, self-reliance, and independence over collective goals or close supervision,' he said. Related Remote work: Is it time for workers to go back to the office? Trump's remote work ban: What does it mean for carbon emissions and climate goals? He added that other factors also play a role. These include the severity and duration of COVID-19 lockdowns, population density, and the industrial structure of each economy. For instance, countries with a larger share of remote-friendly sectors such as IT and finance are better positioned to support hybrid models. Densely populated countries also often see higher WFH levels, in part due to longer commutes. Greece reports the lowest WFH rate in Europe at just 0.6 days per week. 'Part of the explanation lies in the structure of the Greek economy, which leans heavily on sectors like tourism, retail, and hospitality — jobs that generally require physical presence,' said Aksoy. 'But deeper cultural and institutional factors also play a role. Greece scores relatively low on individualism,' he added. He stated that digital adoption and management practices were relatively underdeveloped before the pandemic, which likely slowed the normalisation of WFH. While Finland ranks second in Europe with 1.7 remote work days per week, Norway and Denmark report significantly lower rates at just 0.9 days. Sweden, with 1.3 days, sits in between, reflecting a clear divide in remote work trends across the Nordic countries. Aksoy explained that Finland has a slightly more individualistic culture and a long-standing emphasis on work-life balance and employee autonomy compared to Denmark and Norway, which may maintain more traditional management practices. 'Finnish organisations, especially in the public sector and technology industries, were early adopters of flexible work policies — even before the pandemic,' he added. Among Europe's five largest economies, France has the lowest remote work rate, with employees averaging just 1 day per week from home. Turkey follows closely at 0.9 days, while Poland is slightly ahead with 1.1 days. Overall levels of working from home have declined globally, dropping from an average of 1.6 days per week in 2022 to 1.33 days in 2023. In 2024 and 2025, they fell far more modestly to 1.27 days. The research concludes that remote work levels have roughly stabilised since 2023. 'However, this stability doesn't mean stasis. Incremental shifts could still occur — driven by new technologies, changing demographics, or evolving labour market conditions,' Aksoy added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
13 hours ago
- Entertainment
- Global News
Summer festivities kick off across Saskatchewan
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook It's an action-packed weekend for Saskatchewan, with lots of family-friendly activities to enjoy. Global's Nicole Healey takes us through some of the fun things happening this Canada Day long weekend in Saskatchewan, and why the tourism sector thinks it will be a kickoff to a great summer.
Yahoo
19 hours ago
- Business
- Yahoo
Network Emulator Market Size A $446.9M Industry by 2030 How 5G, IoT, and Virtual Networks Are Driving Real-Time Simulation Needs
CHICAGO, June 27, 2025 /PRNewswire/ -- The Global Network Emulator Market size is projected to be valued at USD 287 million in 2024 and reach USD 446.9 million by 2030, growing at a CAGR of 7.7% according to a new report by The Research Insights. The market expansion is accelerated by digital transformation, expanding 5G infrastructure, and increasing investment in cloud computing and cybersecurity are accelerating the adoption of network emulator solutions. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Network Emulator Market growth of 7.7% comprises a vast array of Offering, Technology, Test, Application and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Network Emulator Market Size, Download FREE Sample Pages: Market Overview and Growth Trajectory: Network Emulator Market Growth: According to an exhaustive report by The Research Insights, the Network Emulator Market is experiencing significant growth. The accelerating deployment of 5G and edge computing technologies has created a demand for highly reliable and low-latency network environments to test and validate the performance of connected applications, services, and devices. Network emulators provide a controlled and repeatable environment for simulating these conditions, which has resulted in increased adoption of emulation solutions for 5G and edge use cases. The increasing number of IoT devices and connected systems in various industries like automotive, healthcare, smart cities, and others is also driving the need for realistic network simulation to ensure interoperability, seamless connectivity, and security. The use of Network Emulators in 5G, edge, and IoT scenarios presents several emerging trends that are likely to shape the future of this technology. The growing complexity of hybrid and multi-cloud environments is another factor driving the adoption of network emulators, as businesses look for ways to predict performance under varying network conditions. The integration of AI and machine learning capabilities into network emulation tools is also an emerging trend, which can enable more intelligent and automated testing scenarios. Additionally, the increased focus on cybersecurity resilience is leading to greater use of network emulators in penetration testing and threat modelling. Increasing Demand for Reliable Network Testing in a Multi-Device, Multi-Protocol Environment:With the exponential growth of connected devices ranging from smartphones, laptops, and IoT sensors to autonomous vehicles and industrial machines, modern network infrastructures have become increasingly complex and heterogeneous. Enterprises, telecom service providers, and application developers are under pressure to ensure seamless performance, low latency, high availability, and security across these diverse networks. Network emulators offer a critical solution by creating an accurate replica of real-world network conditions such as latency, jitter, packet loss, bandwidth throttling, etc. in a controlled lab environment. This allows developers and engineers to rigorously test and validate how their applications, hardware, or network configurations perform under adverse or varying network conditions before deployment. Sectors such as financial services, healthcare, defense, and online gaming — where network performance and reliability are paramount — are seeing an increased need for highly accurate, scalable, and flexible emulation tools, fueling the growth of the network emulator market. For Detailed Market Insights, Visit: Growth of 5G, Edge Computing, and Virtualized Network Infrastructure:The ongoing global rollout of 5G networks, along with the emergence of edge computing, software-defined networking (SDN), and network function virtualization (NFV) is transforming the way data is transmitted and processed. These technologies offer significant advantages in terms of latency reduction, bandwidth optimization, flexibility, and security. However, they also introduce additional layers of architectural complexity. Network emulators play a crucial role in the design, testing, optimization, and deployment of these new paradigms, helping service providers, enterprises, and developers to simulate real-time conditions, and validate network behavior and performance before bringing it to market or the field. For instance, telecom operators need to test their 5G core elements, such as slicing, ultra-reliable low latency communication (URLLC), etc. before provisioning. Similarly, as enterprises adopt SDN/NFV architectures, there is a need for sophisticated testing platforms to ensure seamless interoperability and performance across virtualized environments. As digital infrastructure becomes more decentralized, software-defined, and disaggregated, the role of network emulators is emerging as an indispensable tool, fuelling strong market demand. Rising Emphasis on Cybersecurity, Resilience, and Compliance Testing:Cybersecurity and resilience have become a major focus for governments and enterprises. Network outages, configuration errors, or vulnerabilities can lead to data breaches, service disruptions, and financial losses. Network emulators allow security professionals to conduct stress testing, vulnerability assessment, and scenario-based testing in a simulated yet realistic environment without affecting production systems. Such tests help understand the network resilience in the face of DDoS attacks, spoofing, reduced performance, etc. Network emulators are also used for compliance testing of various regulatory standards like ISO, GDPR, or HIPAA. Regulated industries such as banking, healthcare, and government organizations have compliance requirements to be met by the year 2024 and 2025. This is expected to increase the demand for network emulation tools to conduct comprehensive testing and validation without affecting the actual network traffic. As enterprises look to build more robust networks and meet various regulatory compliances, the demand for controlled and accurate testing environments would continue to support the network emulator market growth. Stay Updated on The Latest Network Emulator Market Trends Geographical Insights: North American network emulator market continues to be a key player in terms of leading the global demand in this domain. This can be attributed to the presence of technological leadership and solid infrastructures in this key region. On the one hand, the region continues to be the key hub of innovative industries that have a major focus on next-gen IT systems. On the other hand, the presence of mature telecom providers that are investing in 5G networks in the country further creates the demand for network emulators in this region. The European market for network emulators is expected to gain significant traction during the forecast period, due to high digital transformation goals of the region and constant investments in telecom infrastructures Network emulator market in Asia Pacific is also expected to register a robust growth rate during the forecast period. The major factors propelling this growth are large investments in digital infrastructures and growing adoption of 5G technologies in the region. The major economies of the region such as China, Japan, and South Korea, are continuously adopting smart technologies and IoT based solutions, thus increasing the need for network testing at all levels. Moreover, the region has the largest internet user base, which is growing at a rapid rate, creating a need for high-performance networks and thereby propelling the demand for network emulators. Global Network Emulator Market Segmentation and Geographical Insights: Based on Offering, the market is divided into, Hardware, and Software. The software segment dominated the market in 2023, contributing 53.9% to global revenue and is poised to maintain its lead over the forecast period. Based on Technology, the market is divided into, SD-WAN, IoT, Cloud, and Others. The Internet of Things (IoT) segment dominated market revenue in 2023, driven by expanding adoption across industries such as healthcare, manufacturing, and smart cities. Based on Test, the market is divided into, Performance Testing, Application Testing, and Others. The application testing segment played a pivotal role in shaping the market's revenue dynamics in 2023. Based on Application, the market is divided into, Telecommunication, BFSI, Government & Defence, Healthcare/Medical, and Others. The telecommunications industry played a pivotal role in 2023, with significant revenue contributions. The Network Emulator Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Network Emulator Market Size and Growth Report (2024-2030) at: Key Players and Competitive Landscape: The Global Network Emulator Market is characterized by the presence of several major players, including: Keysight Technologies Spirent Communications VIAVI Solutions Inc. Apposite Technologies Calnex Solutions Polaris Networks PacketStorm Communications, Inc. Aukua Systems Inc. InterWorking Labs, Inc. GigaNet Systems These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Network Emulator Market Recent Developments and Innovations: In June 2025, Calnex Solutions unveiled the SNE-X with 400GbE interfaces, which is the first network emulator with 400GbE interfaces. SNE-X 400G is the only network emulator that provides testing of AI infrastructure and other high-performance computing networks. In April 2025, Spirent Communications announced the release of the Octobox STA Automation Package, the first solution in the industry to completely automate comprehensive performance testing and validation of client stations and devices on Wi-Fi 6/6E and Wi-Fi 7 networks. The new automation package is designed to dramatically accelerate Wi-Fi station testing by replacing the time-consuming, inconsistent, and resource-intensive manual testing with structured, repeatable, and scalable validation automated workflows. In April 2025, Turn/River Capital acquired SolarWinds to help customers transform their businesses with simple, powerful, and secure solutions for hybrid and multi-cloud environments. In February 2025, Spirent Communications collaborated with the Centre of Excellence in Wireless Technology (CEWiT) to help support the Indian government's ambitious "Bharat 6G Vision" to position India as a global leader in 6G technology. CEWiT is an autonomous research society of the Indian Institute of Technology Madras (IITM), and the collaboration sees Spirent's technology being utilized to test and emulate 5G core network functionalities, paving the way for next-generation 6G innovation and development in India. In January 2025, Four Inc. and Apposite Technologies partnered to bring modern network performance test solutions to the public sector. Apposite Technologies provides advanced network, application, and security test solutions for the public sector, supporting federal, state and local government agencies as well as military organizations. For Region-Specific Market Data, Check Out Brief Sample Pages: Frequently Asked Questions (FAQs): What is the forecasted market size of the Network Emulator Market in 2030?- The forecasted market size of the Network Emulator Market is USD 446.9 million in 2030. Who are the leading players in the Network Emulator Market?- The key players in the Network Emulator Market include, Keysight Technologies; Spirent Communications; VIAVI Solutions Inc.; Apposite Technologies; Calnex Solutions; Polaris Networks; PacketStorm Communications, Inc.; Aukua Systems Inc.; InterWorking Labs, Inc.; GigaNet Systems. What are the major drivers for the Network Emulator Market? - Several key factors are propelling this growth, including the swift adoption of cloud computing and the migration of critical applications and services to cloud environments. Which is the largest region during the forecasted period in the Network Emulator Market?- The North American network emulator market has maintained its lead in the global market, driven primarily by the technological prowess and robust infrastructures of this key region. Which is the largest segment, by offering, during the forecasted period in the Network Emulator Market?- The software segment dominated the market in 2023, contributing 53.9% to global revenue and is poised to maintain its lead over the forecast period. Conclusion: Emerging technologies such as virtualization, cloud computing, and real-time analytics are enabling the network emulator market to evolve and cater to the rising demand of complex, high-performance, and mission-critical network environments. The continued adoption of 5G, IoT, edge computing, and software-defined networking (SDN) is driving the need for accurate, scalable, reliable, and flexible network emulation solutions across telecom, defence, automotive, and enterprise IT domains. Network emulators are becoming increasingly critical tools for testing, validating, and optimizing the performance of network-dependent applications, hardware, and infrastructure under simulated real-world conditions without disrupting live systems. As digital transformation initiatives gain momentum, the focus on cybersecurity, latency control, interoperability, and resilience are pushing emulation tools to support a wider range of protocols and dynamic topologies. The integration of AI and machine learning-driven analytics and automation will further improve the testing accuracy and efficiency. The cloud-based deployment options will bring greater flexibility, scalability, and remote accessibility. Network emulator market is expected to emerge as an important enabler of next-generation connectivity and resilience strategies, supporting the vision of hyperconnected, intelligent digital ecosystems. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— telecom operators, network equipment manufacturers, cloud service providers, enterprise IT departments, government and defence agencies, and research institutions—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 446.9 million by 2030, the Global Network Emulator Market represents a significant opportunity for software startups, academic spin-offs, open-source developers, freelance network engineers, and niche hardware vendors, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Telecom Network Market: According to the report by The Research Insights, the global telecom network market is poised for significant expansion over the forecast period, driven by a surge in demand for telecommunications services. Mobile Network Optimization Market - The global mobile network optimization market is poised for significant expansion due to the rapid rise in mobile cellular data traffic and the subsequent need for efficient network management. As more individuals acquire smartphones, the demand for advanced mobile network solutions will drive this market's growth trajectory. Network Management Software in the Telecom Market: The Global Network Management Software in the Telecom Market is driven by factors such as, the rapidly evolving telecom industry is driving unprecedented demand for advanced network management solutions, propelling the global market towards significant growth. Browse More related reports on Technology Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Sign in to access your portfolio
Yahoo
20 hours ago
- Business
- Yahoo
Global Bioplastics Market Accelerates Toward 5,634.6 Kilotons by 2029
"Bioplastics are reshaping the packaging, automotive, and consumer goods sectors with sustainable alternatives. Backed by rising demand and strong regulatory support, the market is set for consistent growth in the years ahead." BOSTON, June 27, 2025 /PRNewswire/ -- According to the latest study from BCC Research, "Global Markets and Technologies for Bioplastics" is expected to increase in terms of volume from 2,431.9 kilotons in 2024 to 5,634.6 kilotons by the end of 2029, at a compound annual growth rate (CAGR) of 18.3% from 2024 through 2029. This report offers insights into the global bioplastics industry, analyzing its segmentation by raw material (sugarcane, corn starch, and cassava), type (biodegradable and biobased/non-degradable), application (films, bottles, containers, and electronic casings), end-use industry (packaging, textiles, automotive, and agriculture), and region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). Volume estimates, measured in kilotons, are based on total manufacturer production. The study presents a comprehensive discussion of industry trends, drivers, and market opportunities. The significance of bioplastics is further increased by the precise regulatory frameworks established by various governments regarding the use of traditional plastics and their waste. These policies not only address plastic waste concerns but also encourage manufacturers to enter the bioplastics market through support for biodegradable plastics and sustainable packaging solutions. The factors driving the market include: Carbon Neutrality and Mounting Bioplastic Consumption: With an increasing global focus on climate change, governments and industries are setting carbon neutrality targets. Bioplastics, made from renewable resources, offer a lower carbon footprint than traditional plastics. As a result, companies are turning to bioplastics to meet sustainability goals, comply with regulations, and appeal to environmentally conscious consumers—leading to a steady rise in bioplastic production and use. Growing Bioplastic End-Use Applications: Bioplastics are no longer limited to packaging. Today, they are used across sectors ranging automotive interiors and consumer electronics to agriculture and textiles. This expansion into diverse applications is creating new demand, pushing manufacturers to scale production to serve multiple industries looking for greener material alternatives. Request a sample copy of the global market for bioplastics report. Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size 2060.9 kilotons Market size forecast 5634.6 kilotons Growth rate CAGR of 18.3% for the forecast period of 2024-2029 Segments covered Raw Material Type, Type, Application, End-Use Industry Regions covered North America, Europe, Asia-Pacific, South America, Middle East and Africa Countries covered U.S., Canada, Mexico, Germany, France, Italy, Spain, the U.K., Portugal, Sweden, Hungary, Romania, the Czech Republic, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Colombia, Paraguay, Peru Market drivers • Carbon Neutrality and Mounting Bioplastic Consumption. • Growing Bioplastic End-Use Applications. Interesting facts: Leading companies in the bioplastics industry are expanding production in the Asia-Pacific region. For instance, NatureWorks LLC in October 2023 bagan the construction of a fully integrated Ingeo PLA biopolymer plant in Thailand, which is expected to begin operations in 2025. The manufacturing facility will produce bioplastics for the entire Asia-Pacific region. Many industry leaders are forming partnerships and collaborations with universities. These alliances give them access to skilled researchers, specialists, and engineers with expertise in bioplastics. Additionally, academic research can be more cost-effective, as sharing expenses with universities is often less costly than conducting research internally. Certain bacteria and microorganisms have the ability to produce bioplastics in the laboratory. Through the fermentation process, PHA bioplastics can be generated using these bacteria and microorganisms. Emerging startups Buyoplastic is a Vietnam-based company that offers patented technology for bioplastics. The company has developed a proprietary method that converts bio-waste into bioplastics. This technology can produce both flexible and rigid bioplastics for use in the packaging and medical industries. Emnandi Bioplastics manufactures PLA, PBAT, PHA, and PBS bioplastics. The company provides non-single-use bioplastics specifically designed for medical, packaging, and fiber sectors. These bioplastics are suitable for filament extrusion, injection molding, thermoforming, blowing, and laminating procedures. The report addresses the following questions: What is the projected size and growth rate of the market?• In terms of volume, the global bioplastics market is projected to grow from 2,060.9 kilotons in 2023 to 5,634.6 kilotons in 2029 at a CAGR of 18.3% during the forecast period. Which market segments are covered in the report?• The bioplastics market is segmented on the basis of raw material types, types, applications, and end-use industries. Which end-use segment will be dominant through 2029?• The packaging segment will be dominant through the forecast period. Which region has the largest share of the market?• Asia-Pacific holds the largest market share. Market leaders include: ARKEMA BASF BIOME BIOPLASTICS CARDIA BIOPLASTICS DANIMER SCIENTIFIC LG CHEM LYONDELLBASELL INDUSTRIES HOLDINGS B.V. NATUREWORKS LLC. MITSUBISHI CHEMICAL GROUP CORP. NOVAMONT S.P.A. PLANTIC SABIC TORAY INDUSTRIES INC. TOTALENERGIES CORBION ZHEJIANG HISUN BIOMATERIALS CO. LTD. Related reports include: Sustainable Plastic Packaging: Global Markets: This report analyzes the sustainable plastic packaging market by packaging type—recycled (R-PET, R-PE, R-PP, R-PS, and others such as R-PVC and R-PLA), reusable, and bioplastic (biodegradable and non-biodegradable). The end-user segments include food and beverage, industrial and chemical, healthcare, and personal and home care. The analysis covers global and regional levels, with revenue estimates in millions of U.S. dollars. Biodegradable Polymers: Global Markets and Technologies: This report covers the types of biodegradable polymers and their end-use industries. Estimated volumes are based on manufacturers' total production, with projections in kilotons (unadjusted for inflation). The market is segmented by type (PLA, starch blends, PBAT, PHA, cellulose films, PBS), end use (packaging, fibers, agriculture, medical, electronics, automotive, others), and region (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Purchase a copy of the report direct from BCC Research. For further information on any of these reports or to make a purchase, contact info@ About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact UsCorporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USAEmail: info@ +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: View original content to download multimedia: SOURCE BCC Research LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21 hours ago
- Business
- Associated Press
RCEP expo in Linyi boosts trade, cooperation and development
LINYI, CHINA - Media OutReach Newswire - 27 June 2025 - The 4th RCEP (Shandong) Import Expo, which kicked off on June 27 in Linyi, Shandong province. The ongoing expo features 348 participating enterprises from 66 countries and regions such as Cambodia, Malaysia, South Korea, and Japan, showcasing cutting-edge technologies and innovative solutions. With a total exhibition area of 35,000 square meters and 1,200 international standard booths, the event attracted 15,000 visitors on its opening day. Notable participants include 179 companies from the RCEP region, 51 countries involved in the Belt and Road Initiative, and various international associations, fostering efficient business connections on a global scale. The expo also introduces new segments like the smart technology zone and multinational corporations area, highlighting leading tech firms such as Tesla and Unitree Robotics, which produces humanoid robots, alongside Global Fortune 500 companies like CP Group and Amazon. This platform serves as a nexus for unveiling the latest industry trends and showcasing advanced manufacturing capabilities worldwide. 'I've been really impressed by Linyi's business environment and especially its logistics system — it's very advanced. Under the RCEP framework, I think Linyi has a lot of potential to serve as a key link between China and Southeast Asia,' said Princess Norodom Jenna, member of the Cambodian Royal Family, during the ongoing expo. 'I hope to see more collaboration between Linyi and Cambodia, especially in areas like specialty trade and e-commerce. It would be great to bring more Cambodian products here to Linyi, and at the same time, help Linyi's goods reach Cambodia through the BRI,' added Princess Jenna. 'Linyi boasts well-developed infrastructure, leaving a lasting impression with its high-quality roads and buildings. Known for its excellent logistics system, Linyi offers picturesque scenery and warm hospitality. Attending the exhibition today, I've brought our East Malaysian products including bird's nest, pepper, and palm sugar,' said Tan Kai, chairman of the Padawan Municipal Council and mayor of Padawan in Malaysia. He added that this expo showcases an incredible population diversity, with a vast number of booths creating a bustling atmosphere. In recent years, Linyi has enjoyed strong economic growth alongside RCEP member states. According to official statistics, in 2024, the city's trade with RCEP member countries amounted to 78.65 billion yuan ($10.95 billion), an increase of 9.7 percent year-on-year, accounting for 46.5 percent of the city's total imports and exports. Hashtag: #Linyi #RCEP The issuer is solely responsible for the content of this announcement.
