The eastern Chinese megacity stopped accepting online ride-hailing license applications for vehicles on July 22, the Shanghai municipal road transport authority announced on July 21. The applications ... ( read original story ...)
BMW opens new Shanghai R&D centre
SHANGHAI: In July, 2023, the BMW Group opened a new R&D (research and development) centre in Shanghai. Based on the concept of open innovation, all BMW’s R&D functions in China have been merged ... ( read original story ...)
Hua Hong Semiconductor Plans to Raise Close to $3.0 Billon in Chinese IPO
Chinese chipmaker Hua Hong Semiconductor plans to raise $2.95 billion through an initial public offering on Shanghai’s STAR board on Tuesday. ( read original story ...)
China central bank sells cash deposits at record low, more easing seen
SHANGHAI/SINGAPORE: China’s central bank sold cash deposits at 2%, the lowest on record, pressured by reductions ... ( read original story ...)
Foreign Business Looks Away From China
Beijing is unhappy about how Western, Japanese, and Korean businesses have become disenchanted with China and have begun looking for alternative investment destinations. ( read original story ...)
Time for policy boost to restore realty health
Although industry experts agree that policies need more fine-tuning to back the property market recovery, many of them urge striking a fine balance to stop the sector from either getting overheated or ... ( read original story ...)
Some bright sparks in Shanghai create hopes of property recovery
"Shanghai's economic strengths will constantly create momentum for the city's medium- to long-term development. Factoring in the integrated effect of various policies, we expect market confidence to ... ( read original story ...)