Government News
Shanghai records big jump in departure tax refund - June 04, 2025
Over the past month, as China implemented optimized departure tax refund policies, Shanghai experienced an 86 percent increase in total sales from this channel, with the refunded amount jumping 77 percent year-on-year, surpassing all other locations in the country.
Shanghai airports log record passenger count in first five months on visa-free, tax-refund policies - June 04, 2025
Shanghai's airports handled a record number of passengers in the January to May period of this year, driven by China’s expanded visa-free access policy and the city’s immediate departure tax refunds.
Dragon Boat Festival holiday retail spending hits 20b yuan in city - June 04, 2025
Shanghai recorded nearly 20 billion yuan (US$2.78 billion) of online and offline retail spending between May 31-June 1, up 4.1 percent from the Dragon Boat Festival holiday period between June 8 and 9 last year, the Shanghai Commerce Commission said.
Shanghai's regional HQ environment drives firms' expansion, innovation - June 03, 2025
One common secret of success in China for Det Norske Veritas(DNV) and L'Oreal, global giants in their respective fields, is that they chose Shanghai as their regional headquarters, which has facilitated their solid business performance in the past 20-plus years.
Manufacturing giants to unveil latest digital solutions at Shanghai expo - June 03, 2025
More than 200 manufacturing companies, including industry leaders like Siemens, Rockwell Automation and Huawei Cloud, will gather in Shanghai this month to present their latest digital solutions at the WOD World Manufacturing Digitalization Expo (Shanghai).
Delta Air Lines to relaunch nonstop service between Los Angeles and Shanghai - June 03, 2025
US carrier Delta Air Lines will relaunch nonstop service between Los Angeles and Shanghai on June 2, using its Airbus A350 equipped with the latest onboard amenities, the company said last Friday.
Citigroup appoints corporate banking veteran as new China president - June 03, 2025
Citigroup has appointed Zhang Wenjie, who has 30 years of experience in the corporate and institutional banking sector, as president of the US investment bank's Chinese arm.
Shanghai's total import and export value reaches $195b in the first four months - June 03, 2025
Shanghai's total import and export value ticked up 1 percent year-on-year to 1.4 trillion yuan ($195 billion) during the first four months of the year, the data released by the Shanghai customs on last Friday showed.
Millions of tourists in town for Dragon Boat holiday - June 03, 2025
Shanghai took in 12.477 billion yuan (US$1.73 billion) in tourism-related spending during the three-day Dragon Boat Festival holiday, a 3.3-percent year-on-year increase, according to the Shanghai Administration of Culture and Tourism.
Penske drives to maiden one-two at FE Shanghai E-Prix - June 02, 2025
Team DS Penske dominated the first round of the 2025 Formula E Shanghai E-Prix at Shanghai International Circuit last Saturday, with Maximilian Günther and Jean-Eric Vergne sealing the top and second positions on the podium.
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