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Month: July 2022

Posted on 23/07/2022

Shanghai bets on infrastructure, fixed-asset investment to claw back economic losses from two-month citywide lockdown

Mega projects ranging from metro lines to data centres are set to create a cascade of demand for industrial products, say company bosses Shanghai's GDP shrank 13.7 per cent in the second quarter as ... ( read original story ...)

Posted on 23/07/2022

Shanghai’s Foreign Enterprises Strive to Bounce Back Post Lockdown

Data shows the city’s major industrial enterprises recorded a 15.8% increase in their production value in June. ( read original story ...)

Posted on 23/07/2022

Shanghai Makes First E-Yuan Subsidy for Corporate Talent

State-backed lender China Construction Bank and the Human Resources and Social Security Bureau of Qingpu district jointly awarded CNY3 million (USD445,000) in e-yuan to Zhenkun Industrial Supermarket ... ( read original story ...)

Posted on 22/07/2022

Shanghai woman faces heat for breaking COVID-19 protocol

Shanghai police in Baoshan district have taken compulsory measures against a woman accused of breaking the infectious disease control and prevention law. The woman, surnamed Chen, 32, broke quarantine ... ( read original story ...)

Posted on 22/07/2022

China stocks close flat amid COVID outbreaks, property woes

China stocks closed almost flat on Friday, as COVID-19 flare-ups and property-sector risks raised worries about growth prospects in the world's second-largest economy. SHANGHAI, July 22 (Reuters) - ... ( read original story ...)

Posted on 22/07/2022

NDB at 7: New Development Bank Celebrates Seven Years of Accomplishments

NDB recently completed its initial capitalization of USD 10 billion of equity contributed by founding members. Since its foundation, the Bank has approved nearly USD 32 billion for infrastructure and ... ( read original story ...)

Posted on 22/07/2022

Foreign-Funded Firms in Shanghai Remain Optimistic on Second-Half Prospects

Since production restarted in Shanghai last month, foreign-funded firms such as Sika China, Döhler and Voith Turbo China have been reducing the impact of Covid-19 on their operations by boosting ... ( read original story ...)

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