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Shanghaii

With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic. 

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Shanghai, behind China’s Great Firewall and under capital account controls, is unable to rival Hong Kong as a global financial centre, even though it is embedded deeper within China’s economic machine.

A fatal quarantine bus crash in Guiyang this month triggered an outpouring of anger and grief at the devastating impact of China’s zero-Covid policy. But stamping out the virus is now a political imperative, to be achieved whatever the cost.

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As GDP borders on contraction, Beijing will have to maintain confidence and fine-tune its policies without triggering a surge in inflation while facing challenging domestic and global environments.

ByteDance’s latest semiconductor-related investment shows the lengths being taken by the company to overcome the impact of tighter US tech sanctions on mainland China.

The US tech giant’s latest initiative shows that it remains committed to boosting capital spending in the world’s largest smartphone market, despite sluggish iPhone sales.

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Side-by-side comparison finds Li Qiang and predecessor Li Keqiang had different priorities early in their terms determined by economy at home during their era and geopolitics abroad.

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Shanghai-based Human Horizons told its employees on Sunday that it was implementing a six-month suspension of its luxury HiPhi brand, effective immediately, according to local financial media outlet Jiemian.

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Owners of commercial properties in Shanghai are under pressure to cut rents to support restaurants and retailers facing the daunting task of sustaining their businesses amid lacklustre consumer demand.

Li Auto plans to give its 20,000 employees annual bonuses of up to eight months’ pay for exceeding the 300,000-unit sales target last year. The carmaker has set a goal of delivering 800,000 units this year.

Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence.

China’s measures to boost the nation’s troubled housing market are trickling down to the provincial and city levels, with more cities relaxing curbs to buy property.

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China’s industrial and commercial hub of Shanghai is seeking to roll out a three-tiered cross-border data flow regulation by March in a bid to address a long-standing ‘sore point’ for foreign firms.

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Shanghai Mayor Gong Zheng said the policy initiative to support more foreign direct investments would buttress the city’s economic recovery efforts in 2024.

The New York-based asset manager is marketing the property in northwestern Shanghai at a reduced rate to speed up the sale, according to the people, who asked not to be identified because the information is private.

Sandwiches, ciabatta, babka, ice-cream-filled chouquettes – sample the delights of Shanghai’s best bakeries and burn a few calories as you ride between them by bicycle.

Both years begin on a Monday and are leap years, making their calendars a perfect match. As 1990s nostalgia sweeps China, the vintage items are reminders of era when Beijing welcomed foreign influence in the economy, culture and fashion.

Shanghai-based Advanced Micro-Fabrication Equipment said its core technology breakthroughs last year enabled the firm to deploy more chip-making gear to domestic semiconductor fabrication plants.

A weak office market in Shanghai is offering tenants the chance to strike lucrative leasing deals, allowing companies to save on rent amid a glut of new building supply and a slowing economy.

The Shanghai Municipal Tax Service’s explainer became widely circulated on Sunday after some local crypto enthusiasts suggested that authorities are starting to acknowledge the legitimacy of cryptocurrencies.

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China’s leading EV makers are battling for supremacy in the MPV segment, targeting wealthy families amid sluggish sales and looking to grab a bigger share of the market from traditional carmakers like GM.

The Adora Magic City will depart from its home port of Shanghai on Monday for a six-day trip that will take in South Korea’s Jeju island and the Japanese cities of Nagasaki and Fukuoka.

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The US carmaker will produce 10,000 massive batteries a year at the Megafactory in Shanghai’s Lingang free-trade zone when construction of the plant is complete.

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The Zootopia-themed attraction is the eighth at Shanghai Disneyland and comes five years after the launch of Toy Story land in 2018. The attraction’s launch comes amid a pickup in travel demand in China.

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The Guangzhou-based company said the starting price of the G6 will be lowered by 10,000 yuan (US$1,400) to 199,900 yuan, and the discount will be effective until the end of this month.

Local-level debt across China, largely from infrastructure, has seen the focus shift to more profitable projects, but economists warn this has come at the expense of people’s livelihoods.

Running at Shanghai’s West Bund art hub until January 21, the exhibition takes visitors on a journey through the Italian fashion house’s 110-year history

Shanghai’s dining scene is bouncing back after the pandemic, with new openings including offshoots of Michelin-star restaurants in Norway and Japan and others serving regional Chinese cuisine.

Deliveries hit a record 940,000 units in November, industry body CPCA estimates, as a strong second half of the year puts EV makers on course to meet an ambitious sales target for 2023 despite a bumpy start.

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