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SAIC Motor to set up USD838 million fund for 30% quota of China-made chips - June 25, 2023

SAIC Motor, a major Chinese carmaker that aims to have 30 percent of the chips it uses to be domestically produced by 2025, will form an over CNY6.01 billion (USD838 million) semiconductor fund with its partners.


US EV startup Fisker to open first China delivery center in Shanghai this year, senior executive says - June 25, 2023

Fisker is expected to open its first delivery center in China in Shanghai this year, according to a senior executive of the US electric vehicle startup.


Shanghai welcomes 6.72 mln tourists during Dragon Boat Festival - June 25, 2023

Shanghai received 6.72 million tourist visits during the three-day Dragon Boat Festival holiday that ended on Saturday, said the Shanghai Municipal Administration of Culture and Tourism.


Consumer goods sector shows signs of recovery - June 25, 2023

After a slow 2022, China's fast moving consumer goods sector is showing signs of recovery, building momentum for a positive remainder of 2023.


Balance of loans in Shanghai up 8.8% at end of May - June 25, 2023

The balance of loans in Shanghai, including all currencies, stood at 10.83 trillion yuan (about $1.51 trillion) at the end of May, up 8.8 percent year-on-year, official data showed.


Relics of early Chinese civilization put on display in Shanghai - June 20, 2023

Proof of Early China: The Civilization of Songze and Liangzhu opened on Tuesday in Shanghai, the second show of The Essence of China exhibition series presented by Shanghai Museum.


Shanghai students hold graduation ceremony on Xuelong 2 - June 20, 2023

More than 70 students from Shanghai Jiao Tong University's School of Oceanography held their graduation ceremony on the polar research vessel "Xuelong 2" which was moored at the Polar Research Institute of China in Shanghai on June 17.


TV network operator launches blockchain and cloud services - June 20, 2023

China's TV network operator will leverage blockchain and cloud technology to secure copyrights and transmit content to more people, including millions of smartphone users, according to industry experts at the ongoing Shanghai TV Festival.


German pavilion a highlight of CIIF fair in Shanghai - June 20, 2023

The upcoming China International Industry Fair 2023, or CIIF, in Shanghai will have a German pavilion displaying tech-savvy products and services on carbon neutrality and digital transformation.Accord


Shenzhen, Shanghai top new energy cities in China - June 20, 2023

Shenzhen and Shanghai remain China's top cities in terms of new energy industry concentration level, according to the list of Hurun China New Energy Cities 2023 that was released on Monday.


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