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 ...)
Shanghai steps up pace on readying five ‘new cities’ for investment
Take Shanghai Motor Vehicle Inspection Certification & Tech Innovation Center Co (SMVIC) for instance. It was officially approved in May to establish a measurement and testing center for the city's ... ( read original story ...)
China c.bank keeps medium-term policy rate unchanged for a sixth month
Adds details and comments SHANGHAI, July 15 (Reuters) - China's central bank stood pat on its medium-term policy rate for a sixth straight month on Friday, as expected, with investors believing that ... ( read original story ...)
China banks, property stocks slump
SHANGHAI/SINGAPORE: Investors dumped China’s banking and real estate stocks on Thursday, fearing deepening trouble in the property sector would begin to hit the financial system as a wave of ... ( read original story ...)
Why better times may be ahead for China’s stock market
China’s hard line on COVID-19 outbreaks is among the strictest in the world. The lockdown of Shanghai, which began on March 28 and lasted through much of May, provided an extreme example, and the ... ( read original story ...)
Beijing-Shanghai High-Speed Railway to Post First Quarterly Loss Since IPO
Beijing-Shanghai High Speed Railway Co. Ltd. (601816.SH) expects to report its first quarterly loss since the railway operator went public in 2020 as train travel shrinks amid strict pandemic control ... ( read original story ...)
China’s Second Quarter Was Grim. Here’s What It Means for Its Stock Recovery.
Most economists expect a contraction in real economic activity as a result of the harsh lockdowns that brought Shanghai and Beijing to a standstill in the second quarter and continued trouble in the ... ( read original story ...)