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Gong Zheng

The latest news on Chinese politician Gong Zheng, including political stories and updates.

Born

4 Mar 1960

Industry

Politics

Job Title

Mayor of Shanghai

Nvidia CEO Jensen Huang is working to preserve his company’s business in the world’s second-largest economy. Photo: Reuters

US-China tech war

For Nvidia, losing China’s AI market would be ‘tremendous loss’, CEO says

China’s AI market is likely to grow to US$50 billion in the next two to three years, Huang told US broadcaster CNBC.

7 May 2025 - 2:00PM

Semiconductors

Nvidia denies China joint venture report after Jensen Huang’s whirlwind visit

29 Apr 2025 - 10:41PM

China's economic recovery

China vows punishments if business gripes are verified in investigation

15 Mar 2024 - 6:48PM

China property

Shanghai’s commercial property landlords face pressure to lower rents

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.

12 Feb 2024 - 9:30AM

Nanjing Street, Shanghai’s main tourist and shopping street. Shanghai’s economic output expanded by 5 per cent last year, falling short of the 5.5 per cent goal the local government set at the beginning of 2023. Photo: EPA-EFE

Artificial intelligence

Ant Group inks partnership with Shanghai to help the city’s AI ambitions

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.

1 Feb 2024 - 8:40PM

China's economic recovery

Tesla, Porsche chip in as Shanghai allays cross-border data flow ‘sore point’

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.

31 Jan 2024 - 4:43PMvideocam

Shanghai

Shanghai offers financing and land-use support to foreign investors

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

27 Jan 2024 - 4:19PM

Shanghai’s municipal government will provide more policy guarantees in terms of land use, energy supply, environmental evaluation and financing to foreign investors. Photo: Bloomberg

China stock market

China’s stock market rout hurts more than fiction of Blossoms Shanghai

Today, not much resembles the reels in Blossoms Shanghai. China’s legion of 200 million retail investors can be forgiven for hankering for that gravity-defying bygone era of the 1990s.

27 Jan 2024 - 10:53AMvideocam

Banking & finance

Shanghai fails to achieve 5.5% economic growth target for 2023

The city’s GDP expanded 5 per cent last year as the global economy turned out to be weaker than expected, Mayor Gong Zheng told an annual session of the Shanghai People’s Congress on Tuesday.

23 Jan 2024 - 4:12PMvideocam

China’s Communist Party

China’s premier, top officials pay tribute to late AI visionary Tang Xiao’ou

Li Qiang, Vice-Premier Ding Xuexiang among Chinese leaders paying respects to the leading facial recognition expert and SenseTime co-founder, who died Friday.

20 Dec 2023 - 11:39PMvideocam

Top Chinese officials paid tributes on Tuesday to the late SenseTime co-founder Tang Xiao’ou, who died Friday from an undisclosed illness. Photo: Weibo/SenseTime

US-China tech war

Shanghai taps miHoYo, SenseTime and SMEE among its inaugural 40 tech champions

Shanghai names 40 tech champions as city continues to bolster tech credentials amid central government support for strategic sectors.

5 Dec 2023 - 8:00PM

The city’s move indicates that local governments are still keen to use central government incentives to grow particular industries favoured by Beijing. Photo: Bloomberg

China stock market

Hong Kong leader John Lee pursues stronger economic ties with Shanghai at CIIE 2023

Hong Kong Chief Executive John Lee Ka-chiu has urged the strengthening of economic ties between Shanghai and Hong Kong to build world-class tech start-ups.

6 Nov 2023 - 12:22PM

Hong Kong economy

China’s commerce minister urges Hong Kong to use strengths to help firms expand

Commerce minister Wang Wentao says Hong Kong should cultivate new growth points in digitalisation and green trade.

6 Nov 2023 - 8:22AM

China property

Shanghai economic demand seen driven by US rate cuts in 2024: govt adviser

Shanghai’s economy, dealt a double blow by China’s troubled property sector and the nation’s tumbling stock market this year, could see better days in 2024 when the US is widely expected to lower interest rates, a government economic adviser said

24 Oct 2023 - 7:00AM

Visitors walk down the main shopping street of Nanjing East Road, one of the city’s main commercial and tourist area, in Shanghai, China. Photo: Bloomberg

Electric & new energy vehicles

Shanghai mayor vows to attract more foreign firms like Tesla, Boston Scientific

Mayor Gong Zheng said more landmark deals are in the works as Shanghai tries to burnish its image as an international investment magnet.

15 Oct 2023 - 9:30PMvideocam

An aerial photo of Tesla’s Shanghai gigafactory seen on September 26, 2023. Photo: Xinhua

Taiwan

Taipei mayor leads delegation to Shanghai as Beijing ramps up pressure on Taiwan

Rising KMT star Wayne Chiang says an annual forum is an opportunity to improve dialogue and stability.

29 Aug 2023 - 5:42PMvideocam

China's economic recovery

With lots of work to do, Shanghai urged to show ‘dragon’s head’ in investor push

Shanghai is inviting foreign businesses to invest in high-quality projects through an ‘global investment partner’ scheme, but the number of European firms with Asia-Pacific headquarters in China’s economic hub has dropped.

22 Jun 2023 - 8:00AMvideocam

Singapore

Singapore’s Lawrence Wong cements ties with China leaders in ‘timely’ visit

Lawrence Wong’s meeting with Chinese Premier Li Qiang indicates a mutual desire to push forward cooperation ‘driven at the senior levels’, one analyst notes

17 May 2023 - 6:42PM

Chinese Premier Li Qiang (right) and Deputy Prime Minister and Minister for Finance of Singapore Lawrence Wong in Beijing, on May 16, 2023. Photo: Xinhua

Shanghai

Shanghai pledges more support for small businesses to boost economic recovery

Shanghai Mayor Gong Zheng on Sunday said more economic sweeteners, such as tax cuts and government subsidies, are now in the works to address the problems faced by the city’s small businesses.

15 Jan 2023 - 9:38PM

Shanghai

Shanghai eyes 5.5 per cent consumption-led economic growth for 2023

Shanghai will strive to achieve economic growth of 5.5 per cent in 2023, despite the headwinds buffeting the global economy, according to Mayor Gong Zheng.

11 Jan 2023 - 3:30PM

Shanghai

Can ‘peanut’ e-coupon lottery save Shanghai’s Covid-hit retail economy?

Can 1 billion yuan (US$140.5 million) of e-coupons save Shanghai’s battered retail industry? It’s peanuts, but a good start nonetheless, analysts say.

4 Oct 2022 - 12:36PMvideocam

Visitors walk through the Yuyuan Garden in Shanghai on October 2. Photo: Bloomberg

China’s 20th Party Congress

What does it take to get promoted in Chinese politics? Up-and-comers offer clues

Those with business or tech backgrounds, regional leadership experience and connections to Xi most likely to be promoted, observers say.

22 Sep 2022 - 6:00AMvideocam

Coronavirus China

Shanghai financial forum falls victim to Covid-19 concerns

Shanghai called off the Lujiazui Forum, the city’s most important financial conference, the day before it was scheduled to start after officials detected a new Covid-19 infection for the first time in a week.

6 Sep 2022 - 5:55PM

Artificial intelligence

China’s biggest AI forum kicks off under cloud of latest US export ban

The World Artificial Intelligence Conference kicked off in Shanghai on Thursday, but the proceedings were under the cloud of new US export restrictions on high-end chips to China.

1 Sep 2022 - 8:08PM

China's economic recovery

‘This isn’t easy’: 16 of China’s provinces pledge GDP goals are within reach

Boosting regional economies is expected to be a key metric in evaluating the performances of China’s local officials ahead of the important 20th Party Congress, but analysts are asking how economic growth goals can be met.

9 Aug 2022 - 10:21AMvideocam

At least 16 of the nation’s 31 provincial-level jurisdictions, including major municipalities and autonomous regions, have vowed to ensure or strive to achieve their annual socioeconomic development targets that were set earlier this year. Photo: Xinhua

Shanghai reopening

Shanghai bets on infrastructure mega projects to claw back lockdown losses

The city, walloped by a two-month Covid-19 lockdown, is pinning its hopes on infrastructure construction and fixed-asset investment to get the local economy back on track following a woeful first-half.

22 Jul 2022 - 8:00PMvideocam

Shanghai

Covid cases hit new low as Shanghai makes 50-point plan to exit lockdown

New Covid-19 cases fall to lowest level since mid-March, as Shanghai edges closer to winning the battle against Omicron and the city issues new ground rules and incentives to repair the economy.

2 Jun 2022 - 11:35AMvideocam

Shanghai

Shanghai vows to boost economy as daily Covid cases continue to drop

Shanghai pledged to boost local business after Premier Li Keqiang called for renewed efforts to stabilise the economy, as cases in the city continue to drop ahead of a planned end to the two-month lockdown on June 1.

31 May 2022 - 1:05PM

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