In a video, shoppers were seen fleeing and screaming in an effort to get out of the building before doors were locked. Read more at straitstimes.com. ( read original story ...)
China unexpectedly cuts 2 key rates, withdraws cash from banking system
SHANGHAI (Reuters) -China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to ... ( read original story ...)
Chinese stocks’ post-Shanghai lockdown rally fizzles out as zero-Covid policy and beleaguered property market bite
The CSI 300 Index of the biggest stocks on China's onshore market has lost almost half of the gains that followed the reopening of Shanghai Covid-19 flare-ups and a property market that is in downturn ... ( read original story ...)
The Reserve Bank’s growing China anxiety
The Reserve Bank is keeping an anxious watch on China’s embattled real estate sector, amid fears that construction activity could plummet, as developers’ funding dries up. ( read original story ...)
Bear-clawed baristas turn literal hole-in-the-wall cafe in Shanghai into inspiration for China’s millions of people with disabilities
Hinichijou Cafe has been widely welcomed by the public, allowing it to open nine branches in Shanghai since 2020 A recently opened cafe in the city is breaking from its hole-in-the-wall tradition and ... ( read original story ...)
Sinopec Shanghai Petrochemical (NYSE:SHI) Sets New 52-Week Low at $15.42
Shares of Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI – Get Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.42 and last traded at $15.66, ... ( read original story ...)
Shanghai to reopen all schools Sept. 1 as lockdown fears persist
China's financial hub Shanghai said on Sunday it would reopen all schools including kindergartens, primary and middle schools on Sept. 1 after months of COVID-19 closures. ( read original story ...)