Shanghai

New Business

China says US trade war, tech curbs have spurred ‘independent innovation’

China’s economy has successfully weathered mounting shocks, including US tariffs and technology curbs, and continues to innovate despite a challenging…

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New Business

China Vanke offshore bondholders face near wipeout in Barclays worst-case scenario

In a base-case scenario, bondholders may recover just 10.1 per cent of what they were owed, roughly half what already…

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New Business

China discourages trend-chasing among officials, warning of ‘involution’

As the period covered by China’s next five-year plan begins, the official newspaper of the country’s ruling Communist Party urged…

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New Business

Furniture retailer Ikea to close 7 stores in China amid property market slump

Ikea will close seven stores in mainland China, as the multinational furniture retailer grapples with the country’s weak property market…

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New Business

China’s central bank signals reserve ratio, interest rate cuts in 2026

China’s central bank has reiterated its commitment to a “moderately loose” policy stance in 2026, pledging stronger countercyclical and cross-cycle…

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New Business

Shanghai unveils US$10 billion investment spree as US-China tech race heats up

Shanghai has announced a slew of new investments in hi-tech industries ranging from chips to artificial intelligence (AI) and aviation,…

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New Business

China’s developers diminish further amid unending property downturn

China’s top real estate developers continue to shrink, according to industry data. The number of mainland property developers achieving annual…

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New Business

Tesla’s China sales hit monthly record as EV buyers race to beat tax increase

Tesla’s deliveries in China jumped to an all-time high in December, buoyed by a buying spree before the government withdrew…

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New Business

Property industry remains an enemy within for Beijing’s economic targets

The slumbering property sector remains a threat to China’s economic growth because of its huge impact on the employment rate…

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New Business

Turning point: China doubles IPOs in 2025 amid eased curbs to drive tech innovation

Initial public offerings (IPOs) in mainland China nearly doubled in 2025 from a year earlier after the securities regulator rolled…

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