Category: Shanghai News

China steps up COVID restrictions near Beijing as local infections rise

Chinese authorities on Wednesday imposed travel restrictions and banned gatherings in the capital city of Hebei province, which surrounds Beijing, in the latest escalation of measures to stave off ……


Why China Is Sentencing a Tycoon to Death

The harsh penalty against Lai Xiaomin is likely a warning to others in the sprawling state-run financial sector to stick to their duties….


China says US sanctions have no ‘legal effect’ in Hong Kong or China, but analysts urge caution

What do Beijing regulators’ claims on the legality of US sanctions in China and Hong Kong mean for Carrie Lam and other sanctioned entities?…


China Turns to New Commerce Minister as U.S. Tensions Simmer

Wang Wentao has the investor-friendly background that one might expect from China’s next commerce minister. But it’s political credentials that might be key to his success amid increasing hostility ……


China Sentences Former Bank Chief to Death in Rare Move

The judgment against Lai Xiaomin, a former chairman of Huarong Asset Management, followed a shift away from capital punishment for white-collar crimes….


China’s stock market closes at highest level since 2008 financial crisis

World’s second-largest economy mounts rapid financial recovery from coronavirus pandemic ……


China warns of overtime dangers after 22-year-old worker collapses on her way home from long shift

China’s state-run Xinhua news agency has urged the country’s tech sector to tackle the culture of working many hours overtime, after a young employee at a leading e-commerce company collapsed and died ……


China doubles down on COVID narrative as WHO investigation looms

As a team from the World Health Organization (WHO) prepares to visit China to investigate the origins of COVID-19, Beijing has stepped up efforts not only to prevent new outbreaks, but also shape the ……


China’s Alibaba to shut down Xiami music app next month

Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from its ambitions to push into China’s entertainment industry….


Defense Bill Orders Study of Illicit Finance Risks Posed by China

The National Defense Authorization Act directs the Treasury Department to do a study on money-laundering risks related to China’s government and companies….