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Shanghai’s total loan balance soars nearly 10% in 2024, local PBOC branch says - January 26, 2025

The total balance of Chinese yuan and foreign currency loans in Shanghai jumped 9.8 percent as of the end of last year, faster than the national average of 7.2 percent, according to the local branch of the Chinese central bank.


Shanghai, Athens forge partnership with twinning agreement - January 26, 2025

Athens and Shanghai formalized their partnership last Thursday by signing a twinning agreement to enhance cooperation in multiple sectors.


Shanghai prepares for Spring Festival rush with NEV infrastructure - January 23, 2025

To alleviate parking and charging congestion during the upcoming Spring Festival, the most significant annual celebration in the country, Shanghai has come up with additional photovoltaic power generation facilities, intelligent battery swapping stations and charging robots to prepare for the passenger flow rush.


Distributed PV generation emerges as key contributor to renewable energy efforts - January 23, 2025

As China continues to drive its energy transition, distributed photovoltaic (PV) generation is emerging as a key contributor to the country's renewable energy efforts, said the National Energy Administration (NEA).


China's Lepu soars on USD1.2 billion deal granting ArriVent Global rights to new cancer drug - January 23, 2025

Shares in Lepu Biopharma soared as much as 14.2 percent on Wednesday before receding as investors cashed in after the Chinese drug developer said that it will grant US biopharmaceutical firm ArriVent BioPharma the exclusive license to a pre-clinical experimental antibody-drug conjugate therapy targeting gastrointestinal cancer in all markets excluding China in a deal worth up to USD1.2 billion.


Nvidia CEO Huang chats with R&D team in Shanghai, joins Chinese New Year celebrations - January 23, 2025

Jensen Huang, the chief executive officer of Nvidia, met with the US chip giant’s research and development team in Shanghai and attended Chinese New Year celebrations with the team on Tuesday as part of the final stop of his week-long trip to China.


China's geoharbour wins USD19 Million engineering services contract for Dubai islands project - January 23, 2025

Geoharbour Construction Group, a Chinese geotechnical engineering services provider, said its subsidiary has secured a contract worth around AED70 million (USD19 million) for a Dubai Islands project.


Shanghai sees record high in cross-border RMB settlement - January 23, 2025

Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People's Bank of China Shanghai head office said on Wednesday.


First introduced American sci-fi series returns to China via Shanghai's Dragon TV - January 22, 2025

"Man from Atlantis," China's first introduced American sci-fi series, started its re-run last week on Shanghai's Dragon TV, reigniting nostalgia among China's older generation of sci-fi enthusiasts.


Shanghai Int'l Arts Festival opens applications for programs - January 22, 2025

The 24th China Shanghai International Arts Festival has officially begun accepting applications for programs, with the deadline set for March 31, announced by the event organizer during a press conference held on Jan 21.


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