Just last year, Shanghai saw a 13 percent increase in drivers, which led to city traffic becoming less manageable, especially around peak hours. Like many large scale cities of its kind, Shanghai faces traffic issues that are not easily resolved. ( read original story ...)
New home sales rise again in Shanghai
Shanghai Centaline Property Consultants Co said in a report released yesterday. The outlying district of Jiading led other districts for another week when 35,000 square meters of homes were sold. "Though sentiment improved for the second straight week and ... ( read original story ...)
Unexplained scrapping of Guggenheim show in Shanghai illustrates need to tread carefully in China
It was simply “an alignment of the planets”, said Stephen Little, head of Chinese and Korean art at the Los Angeles County Museum of Art – who also led his museum patrons on a quick tour to Shanghai, Beijing and Hangzhou prior to the fair ... ( read original story ...)
China-led AIIB gives Brazil and South Africa extra year to join
The China-led Asian Infrastructure Investment Bank has given two of ... which recently joined forces to form the Shanghai-based New Development Bank. “AIIB matters are currently being processed,” a South African finance official told the Financial ... ( read original story ...)
Aston Martin DB11 with AMG V8 debuting at Shanghai Motor Show
The new Aston Martin DB11 is to debut at the Shanghai Motor Show in April with a new V8 engine ... Perhaps not quite as beautiful as the glorious DB9 – although clearly form led – it contrived to be perhaps the first truly good DB to drive, promising ... ( read original story ...)
Didi Ponders SoftBank-Led $6B Investment As China's Ride Share Giant Suffers Volume Declines
One critical question is the valuation that will be used for the SoftBank-led investment. Didi was valued at US$34 ... In big cities such as Beijing and Shanghai, new regulations may require drivers to have local residence to be eligible to drive Didi ... ( read original story ...)
Shanghai to rival Silicon Valley as technology hub
Shanghai is expected to rival Silicon Valley as a technology hub in the next four years, according to a report by KPMG. Shanghai beat out New York, Tokyo, Beijing and London, respectively, to take the top spot in recognition of the city’s “growing base ... ( read original story ...)