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Merck to double investment in China with 1b yuan expansion - January 28, 2022

German high tech firm Merck plans to double its investment in China by spending over 1 billion yuan (US$156 million) by 2025 on expanding its electronics business. The investment will be used in semiconductor

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Tesla deliveries surge, fueled by Shanghai hub - January 28, 2022

US-based electric car giant Tesla said its deliveries surged 87 percent last year to a record 0.94 million with its Gigafactory in Shanghai continuing to be its main export hub whose production of Model

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Why Data Has Become a "Major Matter” for Shanghai in 2022 - January 26, 2022

“Data” has become a?“major matter” for Shanghai in the year of 2022. On January 1, 2022, the Regulations of Shanghai Municipality on?Data?(hereinafter referred to as “the Regulations”) came into force.

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Shanghai's economy continues humming along - January 21, 2022

Shanghai's economy maintained stable growth in 2021 despite external uncertainties, with annual gross domestic product surpassing the 4-trillion-yuan mark for the first time, according to the city's Report

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Shanghai sets its economic sights forward - January 21, 2022

Shanghai has set its 2022 economic development goals, with the city's gross domestic product expected to grow by around 5.5 percent, according to the city's Report on the Work of the Government. Shanghai

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Shanghai Tops Chinese Cities in Consumer Spending - January 18, 2022

How did commerce perform in Shanghai under the adverse impact of COVID-19 in 2020? According to Shanghai Commerce Development Report (2021)?(hereinafter referred to as the “Report”)?released on January

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Shanghai Ranks First in China in Terms of Several Economic Indicators with Nighttime Sales over RMB 500 Billion - January 14, 2022

In 2020, the total retail sales of consumer goods in Shanghai reached RMB 1,593.25 billion, up 0.5% over the previous year, accounting for 4.06% of China’s total consumer goods retail sales, up 23% year

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City streamlines process for foreign investment - January 14, 2022

Shanghai has issued new measures on the approval and filing of foreign investment projects, largely reducing the paperwork required and cutting red tape to streamline application procedures for foreign

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City's paid-in foreign investment hit record US$22.551 billion in 2021 - January 14, 2022

Paid-in foreign investment in Shanghai topped a record US$22.551 billion in 2021, a surge of 11.5 percent year on year. The robust foreign investment growth also saw increases in contract value and the

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Investment Rises Both in Quantity and Quality, and Foreign Investors Show Faith in Shanghai thanks to Continuously Optimizing Business Environment - January 13, 2022

As COVID-19 still spreads across the world, foreign-owned “Chinese factories” and “Chinese stores” are seeing steady growth in Shanghai. According to Shanghai Municipal Commission of Commerce, from January

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