Category: Shanghai News

Illinois’ governor organized secret flights to bring masks and gloves from China out of fear Trump would seize them

Two invoices from the state revealed $888,275 purchases for “aircraft charter flight to Shanghai, China for COVID-19 response,” according to the newspaper. The state has reportedly spent $174 ……


Tesla’s China Registrations Soar to Record After Shanghai Plant Reopens

Registrations of Tesla Inc. vehicles rose to a record last month in China after the electric-car maker resumed production at its Shanghai plant that was temporarily idled because of the coronavirus ……


China Raises Wuhan Death Toll by 50 Percent: Live Updates

Germany’s national health institute says the country’s average rate of new coronavirus infections had dropped significantly. Israel begins mapping out a controlled lifting of restrictions….


Hobbled by coronavirus, China’s Q1 GDP shrinks for first time on record

China’s economy shrank in the March quarter for the first time since current records began almost three decades ago, as the coronavirus shut down factories and shopping malls and put millions out of ……


Pandemic Makes U.S.-China Economic Breakup More Likely, U.S. Businesses in China Say

The coronavirus pandemic is making the “decoupling” of the U.S. and Chinese economies a more realistic prospect, American companies in China say, as it disrupts supply chains and further strains ……


China set to cut benchmark rate after first GDP contraction on record: analysts

China is widely expected to cut its benchmark lending rate on Monday to provide further support for the-hit economy, which shrank for the first time on record in the first quarter, a Reuters survey of ……


China Stock Outlook Remains Muted With Stimulus Seen Limited

For China traders fed up with markets doing nothing for days, even Friday’s set of historic economic data failed to give them a sense of direction….


China’s resident nominal disposable income up 0.8 pct

Customers shop at a supermarket in east China’s Shanghai, April 11, 2020. (Xinhua/Chen Fei) Urban per capita disposable income came in at 11,691 yuan, up 0.5 percent in nominal terms and down 3.9 ……


South Korea surges almost 3%; China reports first-quarter GDP drop on coronavirus impact

GDP shrank 6.8% in 2020 as compared to a year ago, according to data from the National Bureau of Statistics of China, its first quarterly decline since 1992….


Asian shares climb on China data, Wall Street rally

Shares surged Friday in Asia after China reported economic data that The strong open followed an overnight rally on Wall Street powered by buying of Amazon, health care stocks and other market niches ……