Daniel Ren

Shanghai

Daniel Ren

Shanghai Bureau Chief

Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.

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Latest from Daniel Ren

Worst yet to come for China’s slumping car market, as coronavirus pandemic takes its toll

China’s automobile market, the world’s largest, is set to face its toughest year yet in 2020 amid the coronavirus pandemic, which is continuing to affect production as well as demand. And incentives rolled out by Beijing this week are unlikely to improve this gloomy outlook.

2 Apr 2020 - 11:02PM

China’s automobile market, the world’s largest, is set to face its toughest year yet in 2020 amid the coronavirus pandemic, which is continuing to affect production as well as demand. And incentives rolled out by Beijing this week are unlikely to improve this gloomy outlook.

Worst yet to come for China’s slumping car market, as coronavirus pandemic takes its toll
Fosun leverages on pharmaceutical, biotech in race to tackle coronavirus as pandemic dents ClubMed, Cirque du Soleil units

Fosun has started exporting its Covid-19 test kits to Europe and aims to start clinical trials from this month in search of a vaccine for the deadly virus.

1 Apr 2020 - 10:00PM

Fosun has started exporting its Covid-19 test kits to Europe and aims to start clinical trials from this month in search of a vaccine for the deadly virus.

Fosun leverages on pharmaceutical, biotech in race to tackle coronavirus as pandemic dents ClubMed, Cirque du Soleil units
China boosts face mask production capacity by 450 per cent in a month, threatening a glut scenario

China has stepped up its face-mask production capacity by more than five-fold in a span of one month amid the global coronavirus scare. The manufacturing feat is fanning concerns about a glut when infection cases taper off.

16 Mar 2020 - 4:04PM

China has stepped up its face-mask production capacity by more than five-fold in a span of one month amid the global coronavirus scare. The manufacturing feat is fanning concerns about a glut when infection cases taper off.

China boosts face mask production capacity by 450 per cent in a month, threatening a glut scenario
Chinese businesses are facing a liquidity squeeze as coronavirus outbreak ravages economy with Premier Li Keqiang calling for monetary easing ‘soon’

More than half of Chinese companies are facing a liquidity squeeze as businesses suffer declining sales, according to a Hurun Report survey, underscoring Premier Li’s urgent call for monetary easing.

12 Mar 2020 - 10:43PM

More than half of Chinese companies are facing a liquidity squeeze as businesses suffer declining sales, according to a Hurun Report survey, underscoring Premier Li’s urgent call for monetary easing.

Chinese businesses are facing a liquidity squeeze as coronavirus outbreak ravages economy with Premier Li Keqiang calling for monetary easing ‘soon’
Covid-19 outbreak to have ‘devastating impact’ on Shanghai commercial property, as consumers stay away

No area of business has been left untouched by the Covid-19 outbreak in mainland China, including the commercial property sector.

11 Mar 2020 - 10:15AM

No area of business has been left untouched by the Covid-19 outbreak in mainland China, including the commercial property sector.

Covid-19 outbreak to have ‘devastating impact’ on Shanghai commercial property, as consumers stay away
Shanghai sees sustained commitments from foreign investors as Covid-19 makes little dent to city’s prospects

Shanghai has continued to attract investment commitments from foreign companies, showing the Covid-19 epidemic has not diminished its potential and appeal as a gateway into the world’s second largest economy.

10 Mar 2020 - 4:36PM

Shanghai has continued to attract investment commitments from foreign companies, showing the Covid-19 epidemic has not diminished its potential and appeal as a gateway into the world’s second largest economy.

Shanghai sees sustained commitments from foreign investors as Covid-19 makes little dent to city’s prospects
Much is riding on Tesla as Shanghai’s authorities pull out all stops to resume Model 3 production at Lingang factory

A lot is riding on these potential customers, as China struggles to kick start the nation’s factories and spur consumption to get growth back on pace, amid concerns that the Covid-19 outbreak would deliver a one-two punch to an economy that’s already suffering from the year-long US-China trade war.

6 Mar 2020 - 9:12PM

A lot is riding on these potential customers, as China struggles to kick start the nation’s factories and spur consumption to get growth back on pace, amid concerns that the Covid-19 outbreak would deliver a one-two punch to an economy that’s already suffering from the year-long US-China trade war.

Much is riding on Tesla as Shanghai’s authorities pull out all stops to resume Model 3 production at Lingang factory
‘Manager of the century’ Welch remembered by Chinese corporate leaders such as Jack Ma, Guo Guangchang

Jack Welch, who died on Monday at the age of 84, was very highly regarded in mainland China, where he engaged with the who’s who of Chinese business leaders.

4 Mar 2020 - 5:41PM

Jack Welch, who died on Monday at the age of 84, was very highly regarded in mainland China, where he engaged with the who’s who of Chinese business leaders.

‘Manager of the century’ Welch remembered by Chinese corporate leaders such as Jack Ma, Guo Guangchang
Shares of HNA Group subsidiaries rise after government steps in to help manage liquidity

The listed subsidiaries of HNA Group rose on Monday after the mainland Chinese aviation and tourism conglomerate confirmed the formation of a government task force that would help it manage its liquidity.

2 Mar 2020 - 10:43PM

The listed subsidiaries of HNA Group rose on Monday after the mainland Chinese aviation and tourism conglomerate confirmed the formation of a government task force that would help it manage its liquidity.

Shares of HNA Group subsidiaries rise after government steps in to help manage liquidity
China’s bond market to see inflow of US$20 billion in foreign capital as coronavirus sweeps across globe

‘The inclusion that helps direct more fund inflows into the bond market represents a win for China as a result of the increasing profile of its economy and currency,’ said Gu Weiyong, chief investment officer at Shanghai-based asset manager Ucom Investment.

2 Mar 2020 - 7:37AM

‘The inclusion that helps direct more fund inflows into the bond market represents a win for China as a result of the increasing profile of its economy and currency,’ said Gu Weiyong, chief investment officer at Shanghai-based asset manager Ucom Investment.

China’s bond market to see inflow of US$20 billion in foreign capital as coronavirus sweeps across globe
Video streaming provider Leshi, once touted as a Chinese tech titan, edges closer to delisting after reporting huge losses for third straight year

The company founded by embattled entrepreneur Jia Yueting said its loss for last year widened to 11.3 billion yuan (US$1.6 billion) from 4.1 billion yuan in 2018

27 Feb 2020 - 8:50PM

The company founded by embattled entrepreneur Jia Yueting said its loss for last year widened to 11.3 billion yuan (US$1.6 billion) from 4.1 billion yuan in 2018

Video streaming provider Leshi, once touted as a Chinese tech titan, edges closer to delisting after reporting huge losses for third straight year
New World Development sells HK$3 billion stakes in two Hong Kong shopping malls to rail operator MTR Corp

The developer has sold its 50 per cent stake in the Telford Plaza II in Kowloon Bay and a 21 per cent share of PopCorn 2 in Tseung Kwan O

26 Feb 2020 - 10:45PM

The developer has sold its 50 per cent stake in the Telford Plaza II in Kowloon Bay and a 21 per cent share of PopCorn 2 in Tseung Kwan O

New World Development sells HK$3 billion stakes in two Hong Kong shopping malls to rail operator MTR Corp
China produces 182 new billionaires, triple the new faces in the US, while Shanghai overtakes Hong Kong for the first time: Hurun Report

China produced nearly four in every 10 new billionaires this year, outpacing the number of new faces in the US as the global super-rich enhanced their cumulative wealth to all-time high despite market calamities.

26 Feb 2020 - 10:45PM

China produced nearly four in every 10 new billionaires this year, outpacing the number of new faces in the US as the global super-rich enhanced their cumulative wealth to all-time high despite market calamities.

China produces 182 new billionaires, triple the new faces in the US, while Shanghai overtakes Hong Kong for the first time: Hurun Report
China’s state pension plan needs retooling as slowdown, ageing population hit retirement pot

Employers in China are expected to fall short on their contributions to the state pension fund amid economic challenges in 2019. A deeper slowdown this year could burn a bigger hole in the pot, experts say.

24 Feb 2020 - 9:30AM

Employers in China are expected to fall short on their contributions to the state pension fund amid economic challenges in 2019. A deeper slowdown this year could burn a bigger hole in the pot, experts say.

China’s state pension plan needs retooling as slowdown, ageing population hit retirement pot
Robot chefs and free software among masks, gloves and biohazard gear as China Inc donates to contain coronavirus outbreak

From instant hotpot to down clothing to robot chefs, China’s worst public health crisis in decades has also become an opportunity for companies to showcase their philanthropy and endear their brands to the estimated 50 million people who have been homebound since last month because of the coronavirus outbreak.

21 Feb 2020 - 11:05AM

From instant hotpot to down clothing to robot chefs, China’s worst public health crisis in decades has also become an opportunity for companies to showcase their philanthropy and endear their brands to the estimated 50 million people who have been homebound since last month because of the coronavirus outbreak.

Robot chefs and free software among masks, gloves and biohazard gear as China Inc donates to contain coronavirus outbreak
Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China

The investment could be a shot in the arm for Shanghai’s local authority, which has won plaudits for its handling of the coronavirus outbreak.

20 Feb 2020 - 10:59PM

The investment could be a shot in the arm for Shanghai’s local authority, which has won plaudits for its handling of the coronavirus outbreak.

Hongkong Land pays a record 31 billion yuan for Shanghai land plot as it continues its search for growth in mainland China
After Shanghai’s high Covid-19 recovery rate officials now focus on getting manufacturing hub back on its feet

Shanghai’s high recovery rate of 50 per cent is being lauded as a role model for other provincial and municipal authorities to tackle the coronavirus outbreak.

18 Feb 2020 - 4:23PM

Shanghai’s high recovery rate of 50 per cent is being lauded as a role model for other provincial and municipal authorities to tackle the coronavirus outbreak.

After Shanghai’s high Covid-19 recovery rate officials now focus on getting manufacturing hub back on its feet
Wuhan-based Dongfeng Motor’s profits to take a hit as carmaker delays resuming production at all its plants

Two of the company’s subsidiaries – Dongfeng Commercial Vehicle and Dongfeng Passenger Vehicle – will restart production on February 21 and 23, respectively.

17 Feb 2020 - 9:15PM

Two of the company’s subsidiaries – Dongfeng Commercial Vehicle and Dongfeng Passenger Vehicle – will restart production on February 21 and 23, respectively.

Wuhan-based Dongfeng Motor’s profits to take a hit as carmaker delays resuming production at all its plants
China’s new energy vehicle sales more than halved in January, as Covid-19 weighs on world’s largest car market

The sales of new energy vehicles (NEVs) in China sank 54.5 per cent in January, the China Association of Automobile Manufacturers said on Thursday.

13 Feb 2020 - 10:00PM

The sales of new energy vehicles (NEVs) in China sank 54.5 per cent in January, the China Association of Automobile Manufacturers said on Thursday.

China’s new energy vehicle sales more than halved in January, as Covid-19 weighs on world’s largest car market
Chinese automobiles tycoon Li Shufu to merge Geely with Volvo in first step towards creating a global carmaking powerhouse

Chinese automobiles tycoon Li Shufu plans to merge Geely Automobile Holdings with Volvo Cars, which he acquired from Ford Motors in 2010, in a move that will create a global car manufacturing powerhouse.

11 Feb 2020 - 10:02PM

Chinese automobiles tycoon Li Shufu plans to merge Geely Automobile Holdings with Volvo Cars, which he acquired from Ford Motors in 2010, in a move that will create a global car manufacturing powerhouse.

Chinese automobiles tycoon Li Shufu to merge Geely with Volvo in first step towards creating a global carmaking powerhouse
Global consumers reel from China’s coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper

China’s manufacturing prowess – the country is dubbed the ‘world’s factory’ for everything from clothing to cars to smartphones and toys – is being emaciated, as the government ordered assembly workers to stay home to contain a coronavirus outbreak.

11 Feb 2020 - 11:57AM

China’s manufacturing prowess – the country is dubbed the ‘world’s factory’ for everything from clothing to cars to smartphones and toys – is being emaciated, as the government ordered assembly workers to stay home to contain a coronavirus outbreak.

Global consumers reel from China’s coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper
Eight in 10 Chinese hotel rooms sit empty as coronavirus keeps travellers at home, spoiling Lunar New Year holiday week

About eight in every 10 hotel rooms in China fell vacant during the Lunar New Year holiday after the deadly coronavirus outbreak triggered global travel alerts, flight restrictions and border controls.

14 Feb 2020 - 5:44PM

About eight in every 10 hotel rooms in China fell vacant during the Lunar New Year holiday after the deadly coronavirus outbreak triggered global travel alerts, flight restrictions and border controls.

Eight in 10 Chinese hotel rooms sit empty as coronavirus keeps travellers at home, spoiling Lunar New Year holiday week
Shanghai ramps up face mask production as supplies run out amid coronavirus scare

When Yu Husheng, a retired engineer, arrived at a pharmacy in Shanghai’s Xuhui district at 6am on Thursday to buy face masks for his family, he found more than 100 people were already in line ahead of him.

1 Feb 2020 - 8:36AM

When Yu Husheng, a retired engineer, arrived at a pharmacy in Shanghai’s Xuhui district at 6am on Thursday to buy face masks for his family, he found more than 100 people were already in line ahead of him.

Shanghai ramps up face mask production as supplies run out amid coronavirus scare
Shanghai sets the record straight: City is not in a lockdown amid coronavirus outbreak

The Shanghai municipality has denied speculation it would lock down the city to contain the Wuhan coronavirus outbreak, keeping the local economy open for global investors after winning its biggest customer yet in Tesla Inc.

27 Jan 2020 - 8:22PM

The Shanghai municipality has denied speculation it would lock down the city to contain the Wuhan coronavirus outbreak, keeping the local economy open for global investors after winning its biggest customer yet in Tesla Inc.

Shanghai sets the record straight: City is not in a lockdown amid coronavirus outbreak
Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check

Quinn Wang, 48, a mid-level manager with a manufacturer of chemical products owned by the local government, is very disappointed by the Shanghai government’s efforts to keep home prices in the city under control.

26 Jan 2020 - 9:58PM

Quinn Wang, 48, a mid-level manager with a manufacturer of chemical products owned by the local government, is very disappointed by the Shanghai government’s efforts to keep home prices in the city under control.

Shanghai homeowners left to rue falling prices, as government stays committed to keeping property sector in check
Retailers, manufacturers shutting doors, letting employees work from home as Wuhan viral outbreak spreads

Retailers close shops as travel banned in eight Hubei province cities, and questions remain if factories will face delayed openings after Lunar New Year break.

25 Jan 2020 - 9:17AM

Retailers close shops as travel banned in eight Hubei province cities, and questions remain if factories will face delayed openings after Lunar New Year break.

Retailers, manufacturers shutting doors, letting employees work from home as Wuhan viral outbreak spreads
Shanghai’s mayor orders city’s bureaucrats to undergo a culture change in charm offensive to attract foreign investments

Shanghai’s government is making fresh overtures to woo foreign investments and talent to spur the city’s development.

21 Jan 2020 - 11:22AM

Shanghai’s government is making fresh overtures to woo foreign investments and talent to spur the city’s development.

Shanghai’s mayor orders city’s bureaucrats to undergo a culture change in charm offensive to attract foreign investments
Beijing-Shanghai high-speed railway operator makes bullish debut as China seeks more funds to expand network

Beijing-Shanghai High Speed Railway goes limit-up on trading debut after raising US$4.5 billion in IPO. Its parent company suggests China is planning more listings to bolster nation’s transport system.

16 Jan 2020 - 11:00PM

Beijing-Shanghai High Speed Railway goes limit-up on trading debut after raising US$4.5 billion in IPO. Its parent company suggests China is planning more listings to bolster nation’s transport system.

Beijing-Shanghai high-speed railway operator makes bullish debut as China seeks more funds to expand network
Shanghai aiming for 6 per cent GDP growth in 2020, will bank on foreign investment and exports, mayor says

Shanghai is aiming for 6 per cent growth this year, its mayor told the local legislature on Wednesday. The city, mainland China’s business hub, will tap foreign investment and bolster exports in 2020 following the signing of a phase one deal between Beijing and Washington.

15 Jan 2020 - 11:01PM

Shanghai is aiming for 6 per cent growth this year, its mayor told the local legislature on Wednesday. The city, mainland China’s business hub, will tap foreign investment and bolster exports in 2020 following the signing of a phase one deal between Beijing and Washington.

Shanghai aiming for 6 per cent GDP growth in 2020, will bank on foreign investment and exports, mayor says
China’s B2B deals seen tripling to US$350 billion by 2024 as manufacturers boost digitalisation efforts, study by Bain and Alibaba shows

China’s online business-to-business (B2B) transactions are forecast to triple over the next five years as manufacturers increase digitalisation efforts to enhance efficiency and save costs, according to a study by Bain & Co and Alibaba.

16 Feb 2020 - 6:27PM

China’s online business-to-business (B2B) transactions are forecast to triple over the next five years as manufacturers increase digitalisation efforts to enhance efficiency and save costs, according to a study by Bain & Co and Alibaba.

China’s B2B deals seen tripling to US$350 billion by 2024 as manufacturers boost digitalisation efforts, study by Bain and Alibaba shows