Business


China unveils measures to build Shanghai into global reinsurance hub - July 08, 2026

China's National Financial Regulatory Administration and the Shanghai municipal government have jointly rolled out a series of measures to develop Shanghai into a global reinsurance hub, the two authorities said Tuesday.


Shanghai to further open key scientific research facilities to companies - July 08, 2026

Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies.


Shanghai set to host record-breaking 2026 World Artificial Intelligence Conference 2026 - July 07, 2026

The World Artificial Intelligence Conference (WAIC) 2026 is scheduled to begin on July 17.


Global Taste in Shanghai raises dining consumption - July 07, 2026

The Global Taste in Shanghai series of activities has effectively boosted dining consumption this year, as restaurants participating in the event report double-digit growth in both dine-in orders and revenues, according to the Shanghai Municipal Commission of Commerce.


Shanghai is becoming paradise for hard-tech firms - July 07, 2026

Shanghai is turning into a paradise for incubating and growing hard-tech companies, with an average of over 320 new such firms registered a day last year.


Consumption season to woo more visitors to Shanghai - July 07, 2026

The 2026 Shanghai Summer International Consumption Season, which is in its third edition this year, will feature new scenarios and further improve services to attract more inbound travelers, said officials and industry experts attending the event's launch ceremony last Friday.


Germany’s Covestro to build large MDI plant at Shanghai site, mulls same facility in UAE - July 07, 2026

German polymer giant Covestro has unveiled plans to construct a large methylene diphenyl diisocyanate production line at its Shanghai integrated site. It also revealed that it is considering building a factory with the same capacity in the United Arab Emirates.


China becomes one of the fastest-growing markets for embodied AI - July 06, 2026

China has become one of the fastest-growing markets for embodied artificial intelligence in the world, and the number and financing scale of enterprises in the field in the Yangtze River Delta region account for more than 50 percent of the national total, a latest report said.


Brompton adds Decathlon unit, China VC BA Capital in strategic stake deal - July 06, 2026

Brompton, the London-based folding-bike maker, said it has taken strategic minority investments from Decathlon's venture arm Decathlon Pulse and Shanghai-based BA Capital, in a move that underscores the company's push to expand in China and other fast-growing urban mobility markets.


New alliance launched in Shanghai to upgrade urban renewal - July 06, 2026

Eyeing upgrading urban renewal models for a better future, the CCCC Urban Industry Alliance was established at a conference held on Monday in Shanghai's Qingpu district, which has been accelerating its urban renewal efforts with a new model observing the future.


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