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Mixed ownership fund launched in Shanghai - December 31, 2020

China launched its mixed ownership reform of state-owned enterprises fund in Shanghai on Tuesday, with a total fund size of 200 billion yuan (US$30.62 billion). The fund will focus on two major aspects

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Huawei: 100m devices to support HarmonyOS - December 31, 2020

More than 100 million devices from over 40 mainstream brands will support Huawei’s HarmonyOS system by 2021, including smartphones, home appliances and smart devices, Huawei said in Shanghai on Wednesday. Huawei

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City's foreign investment to exceed US$20b - December 31, 2020

Shanghai’s foreign investment will exceed US$20 billion this year for the first time, according to the Shanghai Commission of Commerce on Monday. The city has made foreign investment stabilization a top

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New Development Bank HQ completes construction - December 28, 2020

The completion of the Shanghai headquarters of the New Development Bank was announced on Thursday. The 126,000-square-meter building in the Shanghai Expo Park area can meet the office needs of about 2,500

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New industrial park linchpin of McDonald's expansion in China's heartland - December 28, 2020

McDonald’s has broken ground on a 1.5-billion-yuan (US$221 million) smart supply chain industrial park in Hubei Province. By jointly investing with suppliers — including Tyson, Bimbo, New HAVI, Zi Dan

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City reveals 2019's top foreign-funded firms - December 18, 2020

Shanghai has released lists of the city's top 100 foreign-funded enterprises in 2019 in terms of income, imports and exports, tax payment and employment, with Shanghai Volkswagen Automotive Co ranking

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New Development Bank HQ completes construction - December 18, 2020

The completion of the Shanghai headquarters of the New Development Bank was announced on Thursday. The 126,000-square-meter building in the Shanghai Expo Park area can meet the office needs of about 2,500

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Banks praised for solving SMEs' problems - December 11, 2020

Banks in Shanghai are making great progress in solving the financing difficulties of small and micro enterprises, according to Ma Qiang, executive vice chairman of the Shanghai Banking Association. Since

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Shanghai aiming to be 'alluring' by 2035 - December 11, 2020

Shanghai aims to become an alluring city featuring innovation, humanity and ecology as well as a socialistic metropolis with global influence by 2035, according to the Shanghai Committee of the Communist

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Online 'life festival' to boost city sales - December 04, 2020

Shanghai launched its first "online life festival" on Tuesday to bolster the steady growth of the city's consumer market. The event, to run to December 15, is being held by the Shanghai E-Purchasing Chamber

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