The Shanghai Municipal People's Government has announced a ten billion yuan (US$1.4bln) metaverse fund as part of a wider roadmap to rejuvenate the flailing economy of China's most populous city. A ... ( read original story ...)
Global pharma companies still see a big future in Shanghai
Pharma companies, testing and equipment providers remain committed to Shanghai as an attractive investment destination and continue to forge closer ties with local players. Shanghai aspires to be an ... ( read original story ...)
China’s property, banking pain has iron ore in a bear squeeze
COVID-19 is slowing China’s economy and sparking crises in its property sector, weighing on iron ore prices just as the big miners see costs rise. ( read original story ...)
CN property market and growth concerns remain in focus
Chinese property and bank indices extend declines; CN property market and growth concerns remain in focus; China data was mixed. - China traded metals move sharply lower on growth and property market ... ( read original story ...)
Shanghai continues to lock down areas even as cases stabilise
Shanghai’s latest Covid-19 outbreak appears to be stabilising, with most new cases already in government-mandated quarantine, but authorities are taking no chances, still locking down areas of the ... ( read original story ...)
Shanghai’s economy shrank almost 14pc as lockdown took toll
Shanghai's economy shrank almost 14pc in the second quarter when a two-month lockdown in the financial and trading hub shuttered factories, curbed consumer spending and disrupted operations at the ... ( read original story ...)
Shanghai, Beijing’s Q2 economic output contracts – stats bureau
The economies of Shanghai and Beijing contracted in the second quarter from a year earlier as strict restrictions under China's zero-COVID policy took a toll. The economies of five out of China's 31 ... ( read original story ...)