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The Latest Breaking News from Shanghai

Tesla to build factory in Shanghai for Megapack batteries

Tesla will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reports.

The New Daily

Reports: Tesla plans Shanghai factory for power storage

Chinese state media say electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide

The Independent UK

Ethereum's Shanghai upgrade looms. What you need to know

Investors finally will have access to more than $30 billion worth of the cryptocurrency.

Fortune

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Vatican says China has unilaterally appointed bishop to Shanghai

Chinese authorities have appointed a new bishop to Shanghai, the Vatican said on Tuesday, in an apparent violation of a bilateral pact between the two states.

Reuters

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Bangkok Post

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Radio France Internationale

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Ugly Half Shining Through — Kiwi Craft Beer Innovator Making Waves in Taiwan

Max Gilbert says he wants to push the benefits of local beer. “There’s an enormous difference in whether you’re consuming a product that tastes as intended when it leaves the brewery or not. The big thing is to encourage people to get behind local products and get to know the…

The News Lens

Yang Bing-Yi, patriarch of Taiwan's soup dumpling empire, has died

The cofounder of Taiwan's famed Din Tai Fung restaurant chain died at 96, his company announced March 26. He helped turn delicate soup dumplings into a global phenomenon, even earning Michelin stars.

WEKU

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Financial Times

Shanghai's population drops in 2022 after COVID lockdowns

China's commercial capital Shanghai saw its population fall in 2022 in the first decline in five years, official data showed, after authorities imposed draconian COVID-19 lockdowns and more than 250,000 migrant workers departed.

Reuters

Shanghai Composite Index Fell 0.19% on Tuesday

Shenzhen Component Index closed down 0.72%

Caixin Global

Former Brazilian Leader Elected President of Multilateral Bank NDB

Dilma Rousseff will helm the Shanghai-headquartered New Development Bank, which was set up to finance projects in emerging markets and developing countries

Caixin Global

Shanghai’s MMR Studio is inspired by industrial processes and materials

Chinese designer Zhang Zhongyu of MMR Studio is inspired by industrial processes to create furniture and objects

Wallpaper

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Fortune

Los Angeles tops Shanghai as one of the biggest financial centers in the world

Two new U.S. cities break into the world’s largest.

The Independent UK

Ignoring experts, China's sudden zero-COVID exit cost lives

Health experts proposed detailed plans for a gradual end to anti-virus controls, but the Chinese government rebuffed them and dropped restrictions in December with no preparations to cope with the chaotic aftermath, The Associated Press has found

Bangkok Post

Spring Airlines sees recovery in flights

Flights between Thailand and China on Spring Airlines have recovered to 50% of pre-pandemic levels and are expected to resume normal frequencies this year, aided by high demand and a forecast of 5% Chinese GDP growth.

Dublin Live

Eamon Ryan asked if he 'was an 80's movie star' after sharing throwback pic from China trip

The Dublin TD spent this St Patrick's weekend in China and visited Shanghai, Beijing and Hong Kong

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.55% on Wednesday

Shenzhen Component Index finished nearly flat

Caixin Global

Shanghai Composite Index Fell 0.72% on Tuesday

Shenzhen Component Index closed down 0.77%

WEKU

Xi Jinping's show: Who's who in China's new government

China has put the finishing touches on a sweeping leadership reshuffle that has been years in the making and puts trusted allies of leader Xi Jinping in key spots throughout the administration.

Caixin Global

Shanghai Composite Index Rose 1.2% on Monday

Shenzhen Component Index closed up 0.55%

The Independent UK

Elon Musk calls Steve Bannon ‘evil’ as ex-Trump aide denounces him as ‘owned by the Chinese communist party’

Bannon claimed Musk’s Shanghai ventures were ‘one hundred per cent controlled’ by Beijing

Caixin Global

Xi Appoints Li Qiang as China’s Premier, Succeeding Li Keqiang

In the new role, the 63-year-old former Shanghai party secretary will lead the State Council, whose responsibilities include managing the country’s economic development

The Independent UK

Loyal and experienced, China's other top leaders take posts

With Chinese leader Xi Jinping receiving a norms-breaking third five-year term as president, the other six men who serve with him on the ruling Communist Party’s all-powerful Politburo Standing Committee are taking up their new portfolios

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