Government News
Shanghai's AI ecosystem, professional services lure one-person firms - February 23, 2026
Shanghai's artificial intelligence ecosystem and professional service capabilities are attracting one-person companies, usually established by so-called "super individuals," to set up operations in the city.
IT a significant contributor to Shanghai's growth - February 23, 2026
The industry and the software/information technology sector contributed more than half of Shanghai's economic growth in 2025.
Int'l visitors enjoy 'very Chinese time' in New Year traveling, shopping - February 23, 2026
Although the Spring Festival used to be a low season for inbound travel, this year, more international tourists flew in to experience the country's most important time for family reunions.
Shanghai gears up for F1 Chinese Grand Prix - February 12, 2026
The 2026 Formula One Chinese Grand Prix, the season's second stop, will be held at the Shanghai International Circuit from March 13 to 15.
SMIC fourth-quarter profit jumps 23% as China’s chip self-sufficiency push pays off - February 12, 2026
China’s drive to localize its semiconductor industrial chain helped Semiconductor Manufacturing International Corp. post a 23 percent leap in profit in the fourth quarter last year from the year before, even during the industry’s usual seasonal slowdown.
Playboy to sell half of China business to Chinese consumer brands operator UTG for USD122 million - February 12, 2026
Playboy said the US pleasure and entertainment giant will sell 50 percent of its China business to its local agent UTG Brands Management Group for USD122 million, shifting to a deep partnership business model from simply trademark licensing.
Shanghai sets sights on offshore finance expansion in new Five-Year Plan - February 12, 2026
Shanghai is intensifying its bid to become a global financial center. In the 15th Five-Year Plan (2026–2030), local officials said the city will prioritize financial market internationalization and aggressive offshore financial services expansion.
15th Five-Year Plan: sci-tech innovation, industrial upgrade among key city sectors - February 11, 2026
Shanghai will steer investment toward sci-tech innovation, industrial upgrading, urban renewal and livelihood improvement during the 15th Five-Year Plan period (2026-30), guaranteeing high-quality development to consolidate the city's role as a global center for economy, trading, finance, shipping and sci-tech innovation.
Invoice lottery scheme launched for shoppers, travelers - February 11, 2026
An invoice lottery scheme will be launched across multiple cities in China for shoppers and travelers who spend on retail, dining, or accommodations.
China's AI chip sector charges ahead - February 11, 2026
A wave of initial public offerings is sweeping China's graphics processing unit, or GPU sector, marking a critical phase in the nation's push for self-reliance in advanced computing power.
