Qihoo 360 reported a net loss of 1.56 billion yuan in the third quarter, compared with a 431 million yuan profit in the same period last year The Shanghai-listed company blamed the huge loss on ... ( read original story ...)
China names Beijing Mayor Chen Jining as new party boss of Shanghai
Mr Huang Kunming has also been named Guangdong Communist Party chief, replacing Mr Li Xi. Read more at straitstimes.com. ( read original story ...)
US companies’ sales forecasts drop to 10-year low in AmCham Shanghai’s 2022 poll, as zero-Covid rules upend operations
The downbeat survey, released as Shanghai still faces sporadic lockdowns, reflects how restrictions have threatened all aspects of business operations in China’s commercial hub. ( read original story ...)
Across China: China promotes application of AI technology to real economy
A visitor experiences a massage robot at the 2022 World Artificial Intelligence Conference (WAIC) in east China's Shanghai, Sept. 1, 2022. (Xinhua/Fang Zhe) BEIJING, Oct. 28 (Xinhua) -- At a logistics ... ( read original story ...)
Chinese central bank ramps up liquidity support
China's central bank has ramped up liquidity support to counteract higher cash demand at the end of the month by making the biggest weekly injections in four weeks.Analysts speculated the support ... ( read original story ...)
CZBank Gets Approval to Set Up Capital Management Center in Shanghai
The Shanghai bureau of the China Banking and Insurance Regulatory Commission has given China Zheshang Bank the green light to set up a capital management center in the city, making it the fifth ... ( read original story ...)
Shanghai district orders mass COVID-19 testing, lockdown
China’s largest city of Shanghai is ordering mass testing Friday on all 1.3 million residents of its downtown Yangpu district and confining them to their homes at least until results are known. The ... ( read original story ...)