SHANGHAI, July 22 (Xinhua) -- Despite the COVID-19 epidemic, foreign investors have increased their investment in Shanghai in a bid to cash in on the business opportunities in China. Shanghai received ... ( read original story ...)
Chinese bank losses are projected to exceed the US and Western Europe combined
Bank executives from Shanghai to San Francisco are bracing for a tsunami of missed payments and defaults, underscoring just how far the global economy has to go to recover from the pandemic. ( read original story ...)
US closes China’s Houston consulate ‘to protect intellectual property’
The United States ordered China to close its Houston consulate marking a dramatic escalation in diplomatic tensions between the feuding superpowers. The State Department gave few details of the move ... ( read original story ...)
China’s Huatai joins chase to bank rich retail investors trading offshore
China's Huatai Financial Holdings has big plans for a billion-dollar overseas push, said chief executive Levin Wang - it aims to overtake top players like Futu Holdings in the fast-growing market for ... ( read original story ...)
Silver and euro gleaming as investor bets on economic recovery hurt dollar
following an outbreak of the novel coronavirus disease (COVID-19), on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo But stock markets, which have surged this month, moved ... ( read original story ...)
Ethiopian Airlines cargo plane catches fire at Shanghai airport, no casualties
An Ethiopian Airlines' Boeing 777 cargo plane caught fire while loading cargo at Shanghai Pudong International Airport on Wednesday, the airline said, adding that fire has been contained and none of ... ( read original story ...)
Shanghai’s remodeled index still not reliable benchmark for the world’s No.2 stock market
China revamped its Shanghai share index on Wednesday for the first time in 30 years, but critics say the changes don't go far enough to fully address distortions in the benchmark of the world's second ... ( read original story ...)