Shanghai will reopen kindergartens, primary and secondary schools in September, almost six months after in-person classes were suspended, with strict measures in place to avoid the spread of Covid-19. ( read original story ...)
Fifty million empty flats threaten to plunge China’s troubled property market further into crisis, warns think tank
The average vacancy rate in mainland China is 12.1 per cent, according to the Beike Research Institute, creating a ‘risky’ situation in which millions of unoccupied units could flood the crumbling ... ( read original story ...)
Doing Business In China Is Getting Harder: U.S.-China Business Forum
Nevertheless, says American Chamber of Commerce in Shanghai Chairman Sean Stein, "It's hard to imagine how a company can be globally successful if it's not active in this market.” ... ( read original story ...)
Tesla Brisk At Giga Shanghai, Musk Offloads More Shares, Canoo’s Dwindling Cash Position, Nikola Names New Leadership: Week’s Biggest EV Stories
Notwithstanding the broader market rally, electric vehicle stocks closed the week ending Aug. 12 on a mixed note. Market leader Tesla, Inc. (NASDAQ: TSLA) picked up momentum in the run-up to its stock ... ( read original story ...)
China state-owned giants to delist from US stock exchanges amid audit spat
Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of ... ( read original story ...)
China’s Industrial Bank Rebuts Concerns About App Harvesting Personal Data
China’s Industrial Bank has moved to assuage concerns among users that its mobile app is gathering too much personal information on them, The Paper reported yesterday. Some consumers recently reported ... ( read original story ...)
Shanghai extends weekly COVID-19 testing requirement until end of September
China's most populous city Shanghai has extended its weekly COVID-19 test requirement and extended free testing until the end of September in a bid to keep the virus in check, authorities announced on ... ( read original story ...)