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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.
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.
- The subsidiary’s business scope includes chip design and AI software development, public information shows
- The move comes fresh on the heels of the closure of rival Oppo’s chip design team, which laid off 3,000 people last month
The Lujiazui Forum will be held on June 8 and 9, and will feature over 70 speakers from top financial institutions such as JPMorgan Chase and Goldman Sachs.
Six groups will focus on advanced tech and key components in autos and related industries that are ‘vulnerable to foreign restrictions and limitations’.
That move by solid-state driver maker Memblaze reflect how Beijing’s actions against Micron could impact some local companies.
Shanghai is putting behind three years of damage caused by zero-Covid restrictions to its tourism industry, with authorities in China’s biggest metropolis pledging to bolster the sector’s recovery.
The 323-metre-long vessel, slated for delivery at the end of 2023, symbolises the country’s ambition of becoming a global powerhouse in developing and operating such luxury vessels.
Dozens of employees protested against a vendor providing IT services to Shanghai Pudong Development Bank on Thursday, a rare strike in China that has gone viral amid mounting concerns about a slumbering economy.
Domestic carmakers are rapidly gaining market share in China as they embrace electric vehicles faster than their foreign rivals who are grappling with unused manufacturing capacity of gas and diesel vehicles
Hotels in China have hit the jackpot during the five-day holiday with a huge surge in post-pandemic demand allowing them to raise their room prices more than tenfold in some cases.
The project will be developed by property developer Hongkong Land, China Travel Service (Hong Kong) and West Bund, which is backed by the government of Shanghai’s Xuhui district.
Taiwanese artist Tan Teng-pho, known for his calming, depopulated portrayals of cities such as Shanghai and Tokyo, met a brutal death and vanished into obscurity until recent years.
A possible ban on Micron products in China is expected to enable Yangtze Memory Technologies Co and other mainland suppliers to fill the void left by the US firm in the world’s largest semiconductor market.
The lawsuit demands US$45 million as compensation for refunds that NetEase paid to affected local gamers after Blizzard Entertainment suspended services on the mainland from January 23.
The tie-up between Alibaba Cloud and Shenzhen Data Exchange underscores the urgency of China’s effort to apply commercial rules to create a major domestic market for trading data.
The centrally located and historically significant district offers up to US$2.5 million in subsidies for Hong Kong businesses and professionals, and welcomes bids on 2 million square metres of land.
The four-day land sale, which ended on Friday, saw more than 50 property developers engaged in intense bidding that resulted in 15 plots selling higher than their floor price.
China is likely to overtake Japan as the world’s top car exporter this year, with industry executives saying ‘real export figures will beat market expectations’.
Chinese carmakers will continue to offer discounts well into the second half of the year as the debilitating price war shows no signs of slowing down in the world’s top market, industry insiders said at the Shanghai Auto Show.
The Shanghai government is auctioning 19 plots measuring a combined 2.82 million sq ft at a four-day sale. The city’s land authority sold five plots on the first day.
Carmakers plan to unveil a total of more than 100 new models, 70 of which will be electric, according to the organisers. Some 1 million visitors are expected to visit the 10-day event starting on Tuesday.
Alibaba-backed IM Motors is aiming for head-on competition with Tesla in mainland China this year, with the launch of new EVs expected to take on the US carmaker’s bestselling Model 3 and Model Y.
The commercial hub is offering cash awards of up to 100 million yuan (US$14.53 million) to attract manufacturing projects in key sectors such as artificial intelligence and biotechnology, in a bid to reignite economic growth after China’s reopening.
Shanghai has announced many policies to attract fresh foreign direct investment, including one-time cash rewards, to achieve its 5.5 per cent GDP target
Li Auto and Xpeng, two of mainland China’s top-three premium EV makers, reported growth in deliveries for a second consecutive month in March, bucking a downwards trend in the world’s largest automotive market.
In his latest whistle-stop tour across China, Apple chief executive Tim Cook pledged to bring more new products and business in the country.
Researchers find prevalence of depression at 26 per cent and anxiety at 20 per cent when city was shut down for two months – ‘substantially higher than previously observed estimates’.
Shanghai has unveiled a raft of measures aimed at arresting a decline in household consumption, as China’s biggest commercial city continues to deal with the fallout of three years of strict Covid-19 restrictions and last year’s unprecedented two-month lockdown.
China’s performing arts industry is showing signs of recovery after a massive wave of coronavirus outbreaks rattled the country late last year, while Beijing this week dropped curbs on visits by foreign performers.
