Shanghai was hit by major flooding on Friday as Typhoon Pulasan made landfall in the Fengxian district with wind speeds of 83 km/h. This came just after the city was recovering from Typhoon Bebinca. ( read original story ...)
Is life getting better for China’s tech billionaires?
Having navigated a government crackdown on billionaires, tech tycoon Pony Ma is once again the richest person in China. Could spring be coming for the country’s private sector? ( read original story ...)
People’s Bank of China unexpectedly holds LPR rates steady in September
The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record ... ( read original story ...)
Back-to-back storms batter Shanghai
Back-to-back storms have slammed into eastern China, drenching the financial hub of Shanghai especially hard. Typhoon Bebinca, ... ( read original story ...)
Shanghai evacuates hundreds of thousands as Typhoon Pulasan triggers heavy rainfall
SHANGHAI, Sept. 20 (Xinhua) -- China's financial hub, Shanghai, had evacuated 112,000 people as of Friday morning due to Typhoon Pulasan, which brought record-breaking rainfall to parts of the city. ( read original story ...)
Tropical Storm Pulasan Nears Shanghai After Grazing Japan
Tropical Storm Pulasan made landfall near Shanghai on Thursday, halting trains, grounding ferries and bringing the risk of floods and landslides three days after the Chinese megacity was pounded by its strongest typhoon in 75 years. ( read original story ...)
Viking returns to China with a cruise from Shanghai to Hong Kong
Viking Holdings Ltd. (NYSE:VIK) announced that it returned to China after the Viking Yi Dun completed the ship's first voyage from Shanghai to Hong Kong. The cruise line operator said its new itineraries include a domestic sailing of China’s coast that highlights rarely visited destinations and ports to which only Viking has access. ( read original ...