Category: Shanghai News

China’s ICBC posts 4.7% third-quarter profit fall

Industrial and Commercial Bank of China , the world’s biggest-listed lender by assets, reported a 4.7% fall in third-quarter net profit on Friday….


Alibaba to kick off China’s first post-pandemic ‘Singles Day’ early

China’s Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza “Singles Day” early this year, a move that will likely see a big jump in its sales as the easing of the country’s ……


Yuan rises as China charts new 5-year economic plan

The yuan strengthened against the dollar on Friday after China’s leaders endorsed a new five-year plan to drive sustained economic growth, which markets believe will require a stronger currency. China ……


China stocks slip, but set to post monthly gains

China stocks fell on Friday as investors sold food & beverage stocks following slower profit growth in the third quarter, although they were on track to post monthly gains based on strength in ……


China must commit to battery recycling in electric vehicle boom: Greenpeace

China needs to step up the recycling and repurposing of batteries for electric vehicles in order to ease supply strains and curb pollution and carbon emissions, environmental group Greenpeace said on ……


SMM Morning Comments (Oct 28): Shanghai base metals rose for the most part as investors eye China’s 14th five-year plan

Investors are now expecting positive news from China’s 14th five-year plan. SHANGHAI, Oct 28 (SMM) — Nonferrous metals on the SHFE were mostly higher on Wednesday morning, while their counterparts on ……


Will China’s Digital Yuan Replace the Dollar? | Opinion

The real story of digitalization of the yuan is not what it will do to further currency internationalization but what it says about a rapacious party-state demanding complete control internally….


China shares end higher as consumer stocks shine on upbeat earnings

China stocks reversed earlier losses to close higher on Thursday, bucking a global selloff, supported by the consumer sector after leading companies posted robust third-quarter earnings….


China shares firm as consumer stocks shine on upbeat earnings

China stocks eked out gains on Thursday, bucking a global selloff, supported by the consumer sector after leading companies posted robust third-quarter earnings. ** The CSI300 index rose 0.5% to 4,760 ……


Mainland China reports 47 new COVID-19 cases vs 42 a day earlier

Mainland China reported 47 new confirmed COVID-19 cases on Oct. 28, up from 42 a day earlier and marking the highest daily increase in more than two months, the country’s national health authority ……