Customs deputy head Wang Jun told a State Council Information Office briefing on Oct. 14 that Chinese private firms have developed modular prefabricated tent housing for the global glamping and outdoor tourism market, shipped in packaged modules for simple on-site assembly, and the products have become popular overseas. Exports of various temporary/mobile housing by private firms rose nearly 30% in the first three quarters.

A political group funded by Google co‑founder Sergey Brin and other billionaires, Building a Better California, has raised about $318m since its formation earlier this year, including a $21m donation disclosed Saturday. Most of the funds are being deployed to oppose Proposition 40, which would impose a one‑time 5% wealth tax on California billionaires; the group expects to reach roughly $350m in fundraising by election day. The large spending has intensified one of the costliest U.S. political fights this cycle, split California Democrats and is being used to run heavy TV and digital ad campaigns as polls show the race close with under a month to go.

IMF managing director said advanced economies have performed worst in using the post‑pandemic recovery to rebuild buffers.