Shanghai is making a bold move into the future with a US$1.36 billion investment fund designed to reshape emerging industries. The Shanghai Engine Fund, now officially registered, is ready to begin ... ( read original story ...)
People’s Bank of China keeps one and five-year loan prime rates unchanged in Jan, as expected
The People’s Bank of China ((PBoC)) maintained the 1-year LPR at 3.1% for corporate and most household loans, and the 5-year LPR at 3.6% for mortgages. Both rates are at record lows following rate ... ( read original story ...)
Shanghai introduces authorized economic operator system into industrial sector
East China cosmopolitan Shanghai made a further innovation in optimizing its business environment by introducing an authorized economic operator (AEO) system into its industrial sector, becoming the ... ( read original story ...)
New products, new stores: China goes for novelty factor to boost consumption, but will it work?
BEIJING: Before Supreme opened its first China store in Shanghai in March 2024, there were concerns that the New York-based skate brand was late to the game in China and would have issues enticing ... ( read original story ...)
China healthcare security admin to lead probe over potential quality risks on centralized procurement drugs after experts in Shanghai voiced concerns
China's National Healthcare Security Administration (NASA) announced on Monday that it will lead investigations alongside health, industry and drug regulatory authorities into potential quality risks ... ( read original story ...)
China Economy Expands 5.4% Y/y in Q4, Beating Market Forecast
Fears of more U.S. trade tariffs clouding 2025 outlook China's main Shanghai stock market was up 0.3%, while the blue-chip CSI 300 index was 0.4% higher after the data release. The yuan was little ... ( read original story ...)
Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures
New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing's stimulus package. However, it would be some time before the ... ( read original story ...)