Category: Shanghai News

‘This Is a Price We Must Pay.’ China Ditches a 2020 Growth Target in a Worrying Sign for the Global Economy

And so, following a 6.8% first quarter contraction due to the coronavirus pandemic, all eyes were on Premier Li Keqiang on Friday when he delivered the 2020 Work Report at the start of the National ……


China stocks drop most in 9 weeks as growth, trade risks loom

Chinese stocks dropped on Friday, wrapping up their worst week since March, as concerns over economic growth and renewed tensions with the United States following a new national security law in Hong ……


China’s Biggest Automaker Expects Domestic Car Sales to Pick Up in Second Quarter

China’s biggest automaker SAIC Motor expects the nation’s auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairman said on Friday….


China misses 2019 energy efficiency target: state planner

China fell short of its energy efficiency goals in 2019, cutting the energy consumed per unit of gross domestic product by 2.6%, lower than its target of 3%, the country’s state planning agency said ……


Hong Kong stocks drop more than 3% as tensions flare up again between China and the west

Hong Kong’s Hang Seng Index dropped more than 3% Friday after news broke that Beijing would move to pass a hugely controversial national security law for the Asian financial hub….


China says illegal hunting and trading of wild animals will be severely punished

China will severely punish the illegal hunting and trading of wild animals, it said in its government work report issued on Friday, as it tries to implement a ban imposed in January as a result of the ……


China reports four new coronavirus cases in mainland as of end-May 21

China recorded four new coronavirus cases on May 21, up from two a day earlier, the National Health Commission (NHC) reported on Friday….


Delta, United to restart China passenger flights in June: report

Jackson Atlanta International Airport in Atlanta, the United States, on July 20, 2018. U.S. airline giant Delta Air Lines relaunched a non-stop flight route Friday between Atlanta, state of Georgia, ……


China Targets Hong Kong’s Autonomy After Pro-Democracy Uprising

China’s ruling Communist Party signaled on Thursday it is bringing Hong Kong further under its control, reports Washington Post, citing a top official. What Happened Beijing has plans to change the ……


Investors eye benefits from China’s pursuit of semiconductor self-sufficiency — WSJ

A staff member works at a workshop of a semiconductor company in Shanghai, east China, Feb. 10, 2020. (Xinhua/Ding Ting) Self-reliance was “almost a foundational measure for China to really become a ……