Business
Shanghai to invest USD585 million building world’s highest ferris wheel, other attractions - May 05, 2026
Shanghai will spend CNY4 billion (USD585 million) building five major new cultural tourism projects, including the world’s highest Ferris wheel.
China's consumption cities boost economy and global influence - May 05, 2026
With their combined retail sales of consumer goods exceeding 6.2 trillion yuan ($907.83 billion) in 2025 and revenue from departure tax refunds surging 86 percent year-on-year, China's five international consumption center cities have become key drivers of domestic spending, Minister of Commerce Wang Wentao said last Thursday.
Aero Engine targets certification for AEP100 turboprop model - April 29, 2026
Aero Engine Corp of China, the nation's leading aircraft engine manufacturer, plans to obtain the type certificate for its new model of turboprop engine, the AEP100, in 2027, according to a project leader.
China Eastern Airlines adds Shanghai to Tbilisi flights - April 29, 2026
Direct flights linking East China's Shanghai and Tbilisi, the capital city of Georgia, are scheduled to begin service on July 15 by China Eastern Airlines, becoming the first route operated by the Shanghai-based carrier between China and Georgia.
Duty-free shopping vouchers to be launched at Pudong Airport - April 29, 2026
A round of duty-free shopping voucher promotions will be launched at Shanghai Pudong International Airport, as authorities seek to boost spending at one of China's busiest international gateways.
Shanghai accelerates growth of garden economy - April 29, 2026
In a move to formalize and expand its burgeoning garden economy, Shanghai released its first-ever Garden Economy Cooperation Opportunity List on April 20.
Shanghai’s social financing picks up in first quarter as corporate borrowing costs sink to historic low - April 29, 2026
Shanghai’s social financing increased at a faster pace in the first quarter than a year earlier, as corporate borrowing costs plunged to a record low last month, pointing to better financing conditions for the real economy.
Jing'an emerges as a global hub for consumption - April 28, 2026
Jing'an is expanding its role in Shanghai's push to build an international consumption hub, anchored by a "first-launch economy" that connects global brand debuts, domestic design platforms and retail spaces.
Shanghai's Junshi Biosciences reports revenue surge in Q1 - April 28, 2026
Shanghai-based Junshi Biosciences significantly narrowed its losses in the first quarter to 20.6 million yuan (US$3 million) compared to 235 million yuan in the same period last year. The sharp improvement came on the back of a 45 percent jump in revenue to 726 million yuan.
Shanghai biopharma firm WuXi AppTec Q1 revenue hits record - April 28, 2026
WuXi AppTec, headquartered in Shanghai, reported a 26.68% jump in first-quarter net profit to 4.65 billion yuan, driven by a 28.81 percent increase in total revenue to a record-breaking 12.44 billion yuan (US$1.82 billion).
