The Shanghai government has pledged support for Web3 development for the first time as part of its 14th five-year plan, but entrepreneurs are sceptical about whether it will bring big changes in a ... ( read original story ...)
China heatwave: Shanghai workers swelter in 40C heat
China is struggling with sweltering summer heat with dozens of cities across the country having issued extreme weather warnings for temperatures in excess of 40C. One of those is Shanghai, which is ... ( read original story ...)
China growth falls to two-year low on Covid, property woes
China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4 per cent in the second quarter with lockdowns and property market weakness pushing the government’s ... ( read original story ...)
China central bank keeps medium-term policy rate unchanged for a sixth month
China's central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that the bank intends to gradually normalise monetary policy ... ( read original story ...)
Tesla’s Shanghai Gigafactory more than doubles exports in H1
US automaker Tesla's Shanghai Gigafactory more than doubled its vehicle exports in the first half of 2022 despite the resurgence of COVID-19 The factory exported 97,182 automobiles in the January-June ... ( read original story ...)
China’s residents seek shelter underground as heatwave scorches parts of Europe, US and Asia
Wifi-equipped air raid shelters have been opened in China for those seeking shade, as much of Europe, the US and China swelter under a heatwave ... ( read original story ...)
China central bank renews medium-term policy loans, rate unchanged for a sixth month
China's central bank rolled over maturing medium-term policy loans while keeping interest rate unchanged for a sixth straight month on Friday, matching market expectations.The People's Bank of China ... ( read original story ...)