SPD Silicon Valley Bank (SSVB) is a 50-50 joint venture between Chinese state-owned Shanghai Pudong Development Bank and SVB Financial, which was shut down by the U.S. financial regulator on Friday ... ( read original story ...)
Digital technology equips elderly service infrastructure in Shanghai
On a busy road in downtown Shanghai, a red digital pavilion attracts continuous attention from passers-by. The digital pavilion contains a public phone, a smart screen and intelligent cameras, while a ... ( read original story ...)
China’s Role in Iran-Saudi Arabia Deal Shows Xi’s Global Goals
It is a different diplomatic paradigm,” said Wu Xinbo, dean of international studies at Shanghai’s Fudan University ... security,” a Soviet term used to argue against U.S.-led alliances on China’s ... ( read original story ...)
Close Xi ally and architect of Shanghai lockdown becomes China’s No 2
A former Communist Party leader of Shanghai known for implementing a brutal Covid lockdown in the business hub was officially designated China's new premier on Saturday. © Pool / ... ( read original story ...)
Chinese property developer CIFI posts profit warning, as the cash-strapped firm formulates plan to repay defaulted offshore debt
Shanghai-based CIFI said that it expected a loss ranging from US$1.87 billion to US$2.02 billion for 2022 The shortfall was mainly attributed to a decline in the number of properties delivered and ... ( read original story ...)
Li Qiang: China’s New Premier And Xi Loyalist
The ascension of the former Shanghai party chief had previously seemed in doubt ... address the country’s collapsing property market and reassure consumers and investors at home and aboard. But his ... ( read original story ...)
Li Qiang, Xi confidant, takes reins as China’s premier
Four years before Li Qiang gained notoriety as the force behind the two-month COVID-19 lockdown of Shanghai, the man who became China's new premier on Saturday worked quietly behind the scenes to ... ( read original story ...)