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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.
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.
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.
- Having made his way in motorsport largely on his own, Zhou relishes a chance to ‘pave the path for future generations’
- ‘I can’t wait to give it my all … and start a new chapter of Chinese motorsport together with the crowd,’ he says
Transactions involving lived-in homes in Shanghai shot up in March as owners offered discounts to bargain hunters, but the outlook for the city’s housing market remains cloudy due to concerns about a bleak economy.
The US giant raised the price of its Shanghai-made Model Y on Monday, bucking the trend set by a discount war that is squeezing the profit margins of most of its rivals in the world’s largest electric vehicle (EV) market.
Mainland China’s commercial and financial hub plans to set up a 100 billion yuan (US$13.8 billion) fund of funds focusing on key technology sectors to fire up the local economy.
In an exclusive interview with Style, Bailey reflects on the Loewe exhibition, Shanghai, and his role in Showtime TV mini series Fellow Travelers
Apple is in talks with Baidu to bring AI on to iPhones in China, The Wall Street Journal reported. In China, AI tech must be vetted by regulators.
The show about the Spanish luxury leather-goods house’s entire universe is on view at the Shanghai Exhibition Centre before travelling the world
The meeting with BYD and two other mainland suppliers was held ahead of the opening on Thursday of the 57th Apple Store in the US tech giant’s Greater China region.
In a packed Shanghai itinerary, Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD.
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.
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.
The CSRC does not have plans to examine 10 years of public company financial reports, Yan Bojin, head of public offering supervision, said on Friday.
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.
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.
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.
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.
A routine internal audit at Dada found US$140 million worth of questionable revenue and costs in the firm’s books for the first three quarters of 2023.
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.
The Shanghai-based maker of Neta-branded cars aims to deliver 100,000 units in 60 overseas markets this year, mainly in Southeast Asia.
