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Shanghai is kicking off a merger between the city's two leading state-owned investment firms to create a 130 billion yuan ($18 billion) juggernaut to back innovation and technology startups.
TAIPEI -- Nokia, the world's second-largest telecom equipment maker after Huawei Technologies, is stepping up efforts to reduce its supply chain exposure to China amid mounting geopolitical risks, going so far as to slash orders even from non-Chinese companies listed in the country.
SHANGHAI/NEW YORK -- At 24 years old, Zhang Ru is not a target customer of the Shanghai community dining hall where she has become a regular. Clean and brightly lit, the eatery typically caters to the elderly with its cheap meals of stir-fried Chinese cabbage and braised pork belly.
SHANGHAI -- China's gross domestic product growth accelerated to 5.3% on the year in the January-March quarter, suggesting policy support measures are propelling the world's second-largest economy through persistent headwinds.
SHANGHAI -- Chinese President Xi Jinping met German Chancellor Olaf Scholz on Tuesday, calling for a "long-term" and "strategic" approach to ties between the world's second- and third-largest economies amid rising geopolitical tensions and spiraling conflicts.
HONG KONG -- Three major exchanges in China plan to stop disclosing real-time trading volume data starting in mid-May, claiming the move is aimed at taming market volatility, but it has also raised concerns among investors on data transparency.
Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia.
On Monday, Apple announced on its Vietnam website that it would “increase spending on suppliers” in the country, adding that such expenditure has reached nearly 400 trillion Vietnamese dong (US$16 billion) since 2019.