Shanghai

New Business

Chinese shipyards shift focus to advanced vessels as South Korean rivals gain ground

Chinese shipyards, facing a drop in orders, plan to divert more capacity towards new-energy and advanced vessels to maintain profitability…

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New Business

Can China fund its AI ambitions? Ex-Google CEO Eric Schmidt casts doubt

China’s designs on supremacy in artificial intelligence could be hindered by a funding gap in the sector, according to former…

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New Business

Mainland China’s billionaire count surges as BYD and Mixue bosses power wealth gains

Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent…

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New Business

Shanghai launches clampdown on property market doom-mongering, targeting RedNote, Bilibili

Shanghai has launched a crackdown on online content that talks down the property market, as the sector remains mired in…

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China’s central bank vows to stamp out ‘illegal activities’ like trading in stablecoins

Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing to stamp…

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Why do Chinese consumers feel Japanese products are no longer worth boycotting?

During past flare-ups in diplomatic tensions between China and Japan, Chinese consumers spontaneously boycotted Japanese goods. Part of the reason…

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Cultural events seen as new growth driver for Shanghai, drawing overseas tourists, talent

International cultural events and relaxed visa rules are giving Shanghai’s economy an additional impetus after the financial and commercial hub…

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Shanghai bets on manufacturing to buttress finance in two-pronged growth plan

Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the “hollowing out”…

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New Business

China bets on bio-manufacturing as new growth engine, bid for tech self-reliance

China is betting on bio-manufacturing to boost technological self-reliance and drive economic growth as part of the next five-year plan,…

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New Business

Sour grapes? European wines left on the shelf as China chases cheaper tipples

As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage…

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