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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.
US Tesla chief, who continues to respect Chinese makers of electric vehicles, not only met Premier Li Qiang but also came away with some good news.
Holders of documents in mainland China will be able to enjoy 14 days from next week, and talent scheme will be expanded to Beijing and Shanghai.
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.
- China has US$3.9 trillion worth of unsold properties, which makes Beijing’s funding plan account for less than 2 per cent of that excess inventory
- There is also a big question mark on how local governments, saddled with US$5.7 trillion in debt, would be able to absorb the unsold properties
The ‘general data’ list, covering 64 categories, will enable certain firms to make data transfers overseas without a security assessment.
The visa-policy easing is expected to boost tourism that has yet to fully rebound since the pandemic, and the move could also give local economies a jolt.
An online “misinformation” controversy has been sparked after a viral video emerged of a migrant worker in China living in a tiny “cabinet” room in Shanghai, a city with some of the country’s most expensive rental properties.
The potential launch of Tesla’s Full Self-Driving system in China is expected to help widen domestic availability of such autonomous vehicle technology.
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
City leader John Lee says two cities have reached consensus on 65 projects spanning 15 sectors, including innovation, technology and industrial development.
Tesla has cut the prices of its Shanghai-made vehicles by more than 5 per cent in mainland China, joining an intensifying discount war in the country amid a slowdown in the carmaker’s sales globally.
British driver risked it all in final session to claim fastest time ahead of Lewis Hamilton, Fernando Alonso, Max Verstappen and China’s Zhou Guanyu (10th).
Only a few dozen employees at the Gigafactory 3 in Shanghai were told to leave, representing a tiny portion of the workforce of 20,000 assembling Model 3 and Model Y vehicles, say two people with knowledge of the matter.
Having made his way in motorsport largely on his own, Zhou relishes a chance to ‘pave the path for future generations’ and ‘start a new chapter of Chinese motorsport together with the crowd’.
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.
