"It's warm - unusually warm some might say. Hardly any snow. That, of course, begs the question: is that down to climate change? That's gonna be a major topic at this year's World Economic Forum". 

CGTN's Guy Henderson took a flight over Davos, ahead of the World Economic Forum, which begins in earnest tomorrow. You can watch his whole flight down below. And remember to tune in to our Facebook Live from Davos, 5:15pm GMT all week. 

Today, our Global Business team is in Davos and has an interview with the CEO of Oxfam India, after the charity released a report into the wealth of billionaires, and the wealth they own - it's more than Africa's 326 million women, combined. 

Meanwhile, the Chinese Ministry of Ecology and Environment has unveiled an ambitious plan to ban plastic bags and straws from all major cities by the end of the year and banned in all cities and towns in 2022. Markets selling fresh produce will be exempt from the ban until 2025. Authorities have also banned the import of all plastic waste. 

And in the week that China's Spring Festival begins, we take a look at how the Spring Festival Rush turns into the world's largest human migration - and the sheer numbers involved!  

Happy reading,

Patrick Atack
Digital business correspondent 

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China, one of the world's biggest users of plastic, has unveiled a major plan to reduce single-use plastics by the end of 2022. 

22 men own more wealth than Africa's 326 million women, according to a report by charity Oxfam. CEO of Oxfam India said "unpaid care work" is to blame for the inequality. The report said the monetary value of women's unpaid care work globally for women aged 15 and over is at least $10.8 trillion U.S. dollars annually – three times the size of the world's tech industry.

Lizhi, one of China’s biggest audio content apps, is debuting on the Nasdaq this Friday, offering 4.1 million shares at an IPO price of $11 per share.  

JPMorgan Chase has bought a building in Paris from French bank BNP to house 450 staff the U.S. bank is moving from London, to avoid Brexit disruption.     

Dutch bank ING is facing an investigation by the OECD after three NGOs complained the firm was bankrolling the contentious palm oil industry.   

UK house prices experienced the largest hike since current records began in 2002. Values increased 2.3% month-on-month to average $400,000 according to Rightmove. 

We must build up a new approach meaning that we have to focus on long term sustainability

"Hungary must face up to the challenges of climate change and adapt its economic and political strategies to protect itself from the changes which are underway already", Hungary's central bank governor told CGTN.

"Long term stability matters a lot. When it comes to climate change, social unrest, new macroeconomic challenges, we must build up a new approach meaning that we have to focus on long term sustainability,”György Matolcsy said at an interview on the sidelines of an event in Budapest.

"We badly new need new economic, financial, geopolitical approaches and at the same time we have to face climate change challenges

"It's happening now, it's happening and we are probably just at the beginning of the cycle.”

It's not recognized. It's unpaid care work

"If you look at the care economy, the work women do to care for their families, which is cleaning, cooking, taking care of children, the elderly, disabled. If you put a value to it globally, it would be $10.8 trillion. That's three times the tech industry globally. And this does not get rewarded.

It's not recognized. It's unpaid care work.

So this rigged system, which is making the super-rich even richer, is also sexist, patriarchal and completely tilted in favor of men", Amitabh Behar, CEO of Oxfam India told CGTN in Davos. 

We'll bring you the highlights of many of the inteviews from Davos, throughout the week at WEF. 

The Spring Festival is China's most important holiday every year. With a population of over 1.4 billion, the country embraces the world's largest human migration, known as "Chunyun" in Chinese, as people set off for family reunions or holidays.