Government News
Global tourism firms flock to top travel show in Shanghai - May 28, 2026
ITB China 2026, one of the world's top travel shows, opened in Shanghai on May 27, drawing global tourism firms seeking wider access to China's travel market as inbound tourism rebounds.
Chipmaker CXMT is cleared for Chinese Mainland's biggest IPO in four years - May 28, 2026
Chengxin Memory Technology has won the Shanghai Stock Exchange's approval for its initial public offering, setting up China’s leading producer of dynamic random-access memory chips for what will be th
RedNote inks deal to stream 2026 FIFA World Cup in bid to widen appeal to men - May 28, 2026
RedNote, the Chinese-owned lifestyle app favored by affluent young women, has struck a deal to stream the 2026 FIFA World Cup in a move seen as intended to broaden its appeal to more men and lift its daily active user count.
New policies boost AI-powered short-drama industry - May 28, 2026
Shanghai has announced new policies to boost the AI-powered short-drama industry, making Xuhui District one of its core AI+ short-drama clusters.
Shanghai passes landmark act backing youth employment, housing, and families - May 28, 2026
Shanghai has passed China’s first local act aimed at building a young people-friendly city, introducing measures to support young residents in areas including employment, entrepreneurship, housing, marriage, and child-rearing.
Chinese carmaker SAIC Motor marks 100-million-vehicle milestone - May 28, 2026
SAIC Motor on Thursday became the first Chinese carmaker to surpass 100 million units in cumulative vehicle sales and production, a milestone for the country's auto industry as it expands its global footprint and accelerates a push into electric vehicles.
Shanghai targets 33% jump in service sector added value by 2030 - May 27, 2026
Shanghai aims to raise the added value of its service sector by about 33 percent over the next five years, making the industry a key engine of growth during the 15th Five-Year Plan period through 2030, according to the latest municipal government plan.
China's second homegrown large cruise ship completes maiden sea trial - May 27, 2026
China's second domestically built large cruise ship, the Adora Flora City, returned to port in Shanghai on Wednesday after completing a 12-day maiden sea trial, marking a milestone in the country's push to mass-produce large cruise ships.
China's Alipay launches world's first AI wallet for agentic shopping - May 27, 2026
Alipay, the mobile payment platform of Chinese fintech giant Ant Group, has released the world's first Artificial Intelligence Wallet, enabling users to manage and control purchases made by AI agents.
Lighting giant Signify sees bright future in China, CEO says - May 27, 2026
Empowered by artificial intelligence, Amsterdam-based lighting company Signify is optimistic about the Chinese market, and will keep increasing local research and development investment to build a people-centered efficient intelligent ecology, said its China head.
