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Shanghai

Shipping containers are seen at Nanjing port in Nanjing, in eastern China’s Jiangsu province on October 17, 2024. Photo: AFP

Ocean freight rates to weaken amid waning demand, vessel oversupply

The outlook is bleak in the next two months as Chinese exports cool and the industry adds record new capacity in 2024.

1 hour agovideocam

Soy-sauce maker Haitian may raise US$1.5 billion in Hong Kong IPO

16 Oct 2024 - 6:14PM

Shanghai, Hong Kong ports lag global peers on services, CY Leung says

14 Oct 2024 - 8:15PM

M on the Bund documentary looks back on restaurant’s 23 years in Shanghai

Filmmaker Luo Tong, M on the Bund founder Michelle Garnaut and customers reflect on its 23 years in Shanghai and the splash it made.

12 Oct 2024 - 12:24PM

The interior of M on the Bund , Michelle Garnaut’s restaurant in Shanghai.

‘Milestone’ for China’s gas turbine technology as it closes gap with the West

First domestically built 300MW heavy-duty gas turbine passes ignition test in Shanghai.

9 Oct 2024 - 11:21PM

‘This is very radical,’ Marina Abramovic says of her first China show

Conceptual and performance artist Marina Abramovic’s largest exhibition ever opens at the Modern Art Museum in Shanghai.

10 Oct 2024 - 8:31AM

China has its busiest market day as Hong Kong surrenders all gains

The CSI 300 Index pared gains after registering a record intraday jump while the Hang Seng Index slumped the most since 2008.

9 Oct 2024 - 1:39AM

A trader at a brokerage house in Taiyuan in Shanxi province on August 3, 2009. Contrary to global conventions, China represents gains and advances in red, using the green colour to denote losses and declines. Photo: Reuters

Shanghai sees instant rebound in housing market after stimulus, loosened curbs

Shanghai’s revival may be a bellwether for other top-tier cities, but the same may not apply to places further afield, sales agents say.

6 Oct 2024 - 8:59PMvideocam

Golden week: China’s property market gets boost from Beijing’s stimulus measures

Strong sales in Shenzhen during the week-long holiday reflect the impact of recent wide-ranging stimulus measures rolled out by Beijing.

6 Oct 2024 - 10:00AM

How do you revive in-store shopping? Look to TX Huaihai in Shanghai

Former department store reopens as a showcase for hip fashion e-commerce businesses, with nightclubs, restaurants, and exhibition spaces.

6 Oct 2024 - 4:35PM

TX Huaihai sets itself apart from other malls in Shanghai by blending retailing with local culture and creativity. Photo: TX Huaihai

Can robot baristas save Shanghai’s cafes from an ailing economy?

Shanghai Hi-Dolphin Robot Technology aims to cut down the costs of operating coffee shops to revive the industry, says founder Philip Han.

3 Oct 2024 - 12:09PMvideocam

A Cofe+ robot cafe on Nanjing Road in Shanghai. Photo: Handout

5 Chinese nationals charged with covering up midnight trip to US military site

The men, who were students in the US at the time, were spotted near Camp Grayling and later found to have photos of military vehicles.

3 Oct 2024 - 10:55AM

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

1 Oct 2024 - 10:30AMvideocam

Shanghai, tier-1 cities remove more curbs in major boost to property market

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

30 Sep 2024 - 12:16PMvideocam

China’s property market is taking a bullish turn, thanks to Beijing’s stimulus and easier rules by local authorities. Photo: Xiaomei Chen

6 under-the-radar restaurants in Shanghai serving international cuisine

From a family-run Western restaurant in a housing estate to a newly opened Spanish place to a bistro for brunch, places to avoid the crowds.

28 Sep 2024 - 1:15PM

Popular options at Maybe Tapas include its signature mixed platter, Mediterranean salad, fruity soufflé and a selection of cocktails. Photo: Xiaohongshu

Shanghai’s 500-million-yuan voucher plan to boost consumption with e-coupons

E-coupons will offer anyone in Shanghai discounts on a wide range of purchases, from hotels and movies to restaurants and sporting events.

26 Sep 2024 - 8:49AM

Letters | How Shanghai, Shenzhen and Singapore could inspire Hong Kong on climate change

Readers discuss climate adaptation strategies Hong Kong could adopt, and options for elderly taxi drivers.

25 Sep 2024 - 11:30AM

Shanghai offers sweeteners to foreign funds, signals bigger QFLP quota

Funding for unlisted Chinese companies has dried up over the past years, says Wang Feng of Ye Lang Capital, a financial services firm.

22 Sep 2024 - 9:37PMvideocam

Shanghai may miss its growth target after losses caused by Typhoon Bebinca this momth. Photo: EPA-EFE

Geely piles pressure on Tesla as China’s EV discount war intensifies

Geely Auto’s Zeekr Intelligent Technology unit priced the 7X at 229,900 yuan as deliveries began on Friday.

20 Sep 2024 - 11:23PM

Huawei to step up AI ecosystem development despite US tech sanctions

‘In 2024 and over the next five years, Huawei will invest even more into ecosystem development,’ deputy chairman Eric Xu Zhijun said.

25 Sep 2024 - 3:34PMvideocam

Meituan riders earn more than the average Beijinger, data shows

A new report by the company portrays gig employment as an alternative for people in between full-time jobs.

20 Sep 2024 - 8:01PM

A Meituan food delivery courier in Beijing. Photo: Bloomberg

Hang Seng Index posts biggest weekly gain in 5 months

Hong Kong stocks rose, with the city’s benchmark logging its biggest weekly gain in nearly five months, taking cues from a global rally.

20 Sep 2024 - 4:30PM

Exchange Square in Hong Kong. Photo: Bloomberg

At 17% cheaper, Nio’s Onvo SUV to rival Tesla’s market-leading Model Y in China

New models have continued to chip away at Model Y’s dominance on the mainland, where deliveries slumped 17 per cent this year through July.

19 Sep 2024 - 11:03PMvideocam

Chinese developer SRE ordered to sell stake in Shanghai venture to repay banks

The action comes after units of SRE failed to pay 4.45 billion yuan (US$627 million) in debts, the company said in a Hong Kong filing.

19 Sep 2024 - 4:16PMvideocam

China’s world-leading electric-bus maker Yutong touts new tech as exports grow

With quick-charge batteries from CATL, firm aims to extend driving range by 10 per cent while cutting operating cost by 20 per cent.

19 Sep 2024 - 3:00PM

Yutong Bus showcases new versions of its electric busses at Australia’s National Bus and Coach show in Brisbane on September 17, 2024. Photo: Eric Ng

Meituan’s delivery workers earn US$11 billion in 2023, CEO says

CEO Wang Xing’s internal announcement reflects Meituan’s efforts to address mainland policymakers’ concerns over the welfare of gig workers.

18 Sep 2024 - 6:00PM

About 4.5 million of Meituan’s more than 7 million delivery workers are covered with insurance for occupational injury. Photo: Shutterstock

Chinese stocks edge up slightly; investors await Fed rate decision

Chinese stocks rebound from their lowest levels in more than five years as investors await a rate decision from the US Federal Reserve.

18 Sep 2024 - 3:18PM

China’s EV makers feel crunch as high R&D costs collide with discount pressure

More than 50 new models could hit the market this year, but relentless discounting is devouring profit margins, spelling doom for some firms.

25 Sep 2024 - 2:37PMvideocam

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Shanghai

With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.

Head of Government

Party Secretary of Shanghai Chen Jining

last updated:

25 September, 2024