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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
Struggling Shanghai Bakery Christine Will Reopen All Outlets Next Month
Almost all of Christine’s stores in Shanghai have shut and customers are complaining that the company’s pre-paid cards cannot be cashed, according to Yicai Global research. One Christine outlet in the ... ( read original story ...)
SMM Evening Comments (Jul 22): Shanghai Nonferrous Metals Closed Mixed following ECB Rate Hike
Shanghai nonferrous metals closed mixed as ECB raised interest rate by 50 basis points, higher than market expectations. The pressure from the macro front is still heavy amid spreading recession fears ... ( read original story ...)