Category: Shanghai News

China iron ore futures set to end 2020 with over 50% gain

Chinese iron ore futures advanced on Thursday and were on course to rise by over 50% this year, their second straight annual gain, supported by supply concerns and China’s robust steel demand despite ……


China confirms first case of UK coronavirus variant

China has confirmed its first case of a new coronavirus variant that was recently detected in Britain, health officials said.The new strain, which experts say potentially spreads faster than the ……


China state banks seen buying dollar to ease sharp yuan rally, traders say

SHANGHAI/BEIJING, Dec 31 (Reuters) – China’s major state-owned banks were seen buying U.S. dollars at the level of about 6.52 yuan on Thursday, traders said, in a move viewed as an effort to keep the ……


South China Sea: Beijing conducts live-fire missile drill from ‘massively improved’ base

CHINA has conducted a live-fire exercise in the South China Sea from a military base that US analysts say has been “massively improved”….


High-speed trains in China add quiet carriages for travellers who don’t want to hear other passengers’ phones and loud conversations

High-speed train routes in China have launched quiet cars as part of a bigger plan to lower noise levels on all public transport, from passengers using phones without earphones or talking loudly as ……


As China doles out coronavirus vaccine in Southeast Asia, US withers in a leadership vacuum

Beijing’s success in stopping the spread of Covid-19 is a source of soft power, while Washington has earned no capital in its approach to vaccine diplomacy….


China’s CNOOC leads first LNG group purchasing on Shanghai gas exchange

Chinese state-owned China National Offshore Oil Corp (CNOOC) has led the first group purchasing order for liquefied natural gas (LNG) on the Shanghai Petroleum and Natural Gas Exchange, the bourse ……


China’s blue-chip, start-up indexes hit over five-year high on growth hopes

China’s blue-chip index and start-up board ChiNext both hit their highest in more than five years on Wednesday, as Asian stocks hit a record on hopes of a strong economic recovery next year….


China, HK stocks join Asian markets rally on economic recovery hopes

China and Hong Kong shares posted robust gains on Wednesday, with the blue-chip CSI300 index rising to its highest in more than five years, as Asian stocks hit a record high on hopes of a strong ……


China Covid-19: Nearly 500,000 in Wuhan may have had virus, says study

The study by Chinese officials suggests there were more positive cases in Wuhan than official figures suggest….