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New multinational HQs and R&D centers welcomed to city - June 17, 2022

A new batch of 30 regional headquarters and 10 R&D centers operated by multinational corporations were awarded official certificates in Shanghai on Wednesday.Most of the businesses are involved in

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Shanghai sees metaverse worth US$54b by 2025 - June 17, 2022

Shanghai's metaverse industry revenue will hit 350 billion yuan (US$53.8 billion) in 2025, boosted by a special industry fund, two industrial parks and expanded applications in areas like culture, ent

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Deals for 322 major projects worth US$84b inked in Shanghai - June 17, 2022

Agreements on a batch of 322 major industrial projects, with a total investment of 565.8 billion yuan (US$84.3 billion), were signed in Shanghai on Thursday.Both the number and the total investment am

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Wei Jianguo: Shanghai Has Three Advantages in Foreign Trade and Is Capable of Catching Up From Behind - June 16, 2022

In the first five months of 2022, China's gross import and export value increased by 8.3% year on year. In May, China's exports totaled RMB1.98 trillion, up by 15.3%, setting a new high of recent mont

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Shanghai Aims for Higher-Quality Development by Introducing 50 Measures to Help Enterprises and Stabilize Jobs - June 24, 2022

Shanghai has issued An Action Plan for Accelerating Economic Recovery and Revitalization (“The Action Plan”) in a bid to effectively coordinate efforts between anti-epidemic work and economic and soci

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Shanghai's Economic Recovery and Revitalization Plan Is Broad, Practical, Accurate and Synergic - June 10, 2022

On May 29, 2022, Shanghai released An Action Plan for Accelerating Economic Recovery and Revitalization (“The Action Plan”), unveiling 50 specific measures from eight aspects, including helping variou

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China approves 60 new games, boosting tech firm shares - June 10, 2022

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms on Wednesday.Officials in China – the world's biggest gaming market – rolled out a se

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Center set up to promote Belt and Road development - June 10, 2022

Shanghai has established an integrated service center for the development of the Belt and Road Initiative.The center was launched on Wednesday under the Shanghai Council for the Promotion of Internati

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Tesla Shanghai plant regains momentum after reopening - June 10, 2022

Over 40,000 vehicles have rolled off the production line in Tesla's Shanghai plant since it resumed production on April 19.The US automaker has seen production in its Shanghai Gigafactory regain momen

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Restoration of economic vitality outlined - June 06, 2022

The city's long-term economic momentum and foundations remain unchanged despite "unprecedented" challenges, Vice Mayor Wu Qing told a press conference on Sunday as the city pledges new efforts to rest

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