Shanghai’s weekend Covid-testing blitz found the virus seemingly contained, after a spike in cases last week had fanned concern the city would be plunged back into lockdown. ( read original story ...)
Asia takes lead even as global IPO market contracts
New company listings have slowed dramatically in Asia in recent months after initially getting off to a quick start. While proceeds from new listings in the first quarter were 18% higher this year ... ( read original story ...)
BRICS bank promotes infrastructure, development in emerging economies, says bank’s regional head
The New Development Bank (NDB), established by BRICS countries, has flexible policies geared towards tackling infrastructure and development challenges faced by emerging economies, Director-General of ... ( read original story ...)
Post-lockdown Shanghai among top spending cities during China’s 618 online shopping extravaganza
Shanghai ranks second in spending power among all mainland Chinese cities during JD.com's 618 online shopping event this year However, companies and analysts remain cautious about the e-commerce ... ( read original story ...)
China likely to keep lending benchmark interest rates unchanged amid global central bank tightening
About 90% of traders and analysts in a Reuters survey expected China to keep benchmark interest rates unchanged at its monthly fixing on Monday, as global central bank tightening limited room for ... ( read original story ...)
Fire at Sinopec Shanghai Petchem plant kills one
BEIJING — A fire broke out at a Sinopec Shanghai Petrochemical Co Ltd plant ... a southwestern suburb of China’s financial capital. State-owned Sinopec said on its official Weibo account ... ( read original story ...)
Balance of loans in Shanghai rises at end of May
The balance of loans in Shanghai stood at 986 trillion yuan about 15 trillion US dollars at the end of last month up 10 per ... ( read original story ...)