Chinese rebar futures rose on Wednesday to their highest in four weeks, buoyed by fresh signs of increased government support for the troubled property sector and stimulus measures to shore up the ... ( read original story ...)
Shanghai vows to promote delivery of homes, keep property market sound
China's commercial hub Shanghai said it will strengthen efforts to promote delivery of residential houses and ensure the steady and sound development of the property market, according to a local ... ( read original story ...)
China’s onshore yuan hits lowest since global financial crisis
China's onshore yuan fell on Wednesday to its weakest level against the dollar since the global financial crisis of 2008, while the offshore trades hit a record low, pressured by expectations of more ... ( read original story ...)
COVID-19 in Shanghai: no new local infections, 16 imported patients
The city reported no new locally transmitted infections, 14 imported confirmed cases and two imported asymptomatic infections for Tuesday, said the Shanghai Health Commission on Wednesday morning. The ... ( read original story ...)
Virology institute launches in Shanghai
The Shanghai Institute of Virology, a collaboration between the Shanghai municipal government and Shanghai Jiao Tong University, was launched on Monday with renowned virologist Guan Yi appointed as ... ( read original story ...)
Why Tesla Stock Tumbled After Surging Higher Earlier This Morning
Tesla is reportedly holding production in Shanghai at 93% of full capacity. Investors are processing whether this signals supply chain issues or lower consumer demand. Elon Musk previously expressed ... ( read original story ...)
Tesla to keep Shanghai plant below maximum output -sources
STORY: Tesla’s Shanghai plant is not running at full tilt...despite a recent upgrade at the factory, according to sources.And, despite Tesla’s previous plan to run the plant at full capacity at a time ... ( read original story ...)