The city's total financial market turnover expanded to 2.511 quadrillion yuan (US$352.98 trillion) in 2021 from 528 trillion yuan in 2012, according to Xin Yadong, secretary of the Shanghai Financial ... ( read original story ...)
Shanghai looks to ride on greener, smarter public transport system
Shanghai will strive to build a greener, smarter as well as a more people-oriented, reliable and resilient transport system in the next 10 years, according to a new white paper is ... ( read original story ...)
China: Shanghai’s COVID Restrictions Fuel Fear Of Another Mass Lockdown
In China, the government has said there will be no mass lockdown in Shanghai but local COVID restrictions is leading to fear of another mass lockdown. ( read original story ...)
See Inside the World’s Most Beautiful Public Bathroom
Here, a new public washroom transports weary shoppers into a palatial sanctuary packed with plant life, featuring seven dedicated rest and restoration areas designed by Shanghai-based X+Living. “We ... ( read original story ...)
Cifi defaults on bond, triggering sell-off of developers, fears Chinese property debt crisis is spreading
Cifi Holdings’ first offshore bond default sparks fears that the debt crisis gripping China’s property sector is spreading to developers previously deemed financially sound. ( read original story ...)
Covid cases spike in China’s Shanghai, city quiety locks down districts: Report
The financial hub reported 47 new infections for Wednesday, the most since July 13 when a brief rise in cases revived fears of another general lockdown. ( read original story ...)
China’s CIFI misses offshore interest payments due to remittance delay
Shanghai-based property developer CIFI Holdings said in a Thursday filing it did not meet certain offshore scheduled interest and amortisation payments due to delay in remittance during an extended ... ( read original story ...)