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Another driving factor for the recent fall was a scandal involving Hiromu Kurokawa, former chief of the Tokyo High Public Prosecutors Office, who was believed to have been especially favored by Abe's administration. Kurokawa resigned on Thursday after admitting he played mahjong for money during the state of emergency, when citizens were asked to stay home.
Another area that stands out for me is technology and innovation. It is incredible to see the rate of adoption and development when it comes to technology in China today. It has transformed the landscape and forced companies to adopt quickly to engage with customers. But you must be able to understand how best to use all this technology. Yum China has been quick to adopt and, as always, listen to customers. One example is how we led the way in food delivery in China with the introduction of Pizza Hut Home Delivery in 2001. Delivery now accounts for over 14 percent of our business. There is the power of our membership platform and the fact that almost 60 percent of sales were cashless by the end of 2017 from 100 percent cash in mid-2015. That just shows how quickly things can and do change in China and I believe this momentum will continue.
Announced at a conference held in south China's Guangdong province on Saturday, the ministry said the country built or upgraded nearly 24,000 restrooms for tourists this year, including about 15,000 in its less-developed central and western areas.
Another key thing to watch this year is the reform of Proton, whether Geely can turn the loss making firm into a profitable entity. Proton's new Chinese chief executive Li Chunrong has targetted a gradual reduction in Proton's losses and breakeven in three to four years.
Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba, is close to closing a .5 billion debt financing round, US cable business channel CNBC reported.