Shanghai

Bank Of China Opens Its First Branch In India To Boost Financial Cooperation

The Reserve Bank of India had granted the license to the bank to operate in India in June 2018. Both countries are working towards increased economic cooperation as India is a member state of the Shanghai Cooperation Organisation.
Related topics: China, India

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The Dangerous Zombie Infestation (of The World Economy)

Submitted by Tuomas Malinen of GnS Economics It is estimated that over 14% of companies in the S&P 1500 are zombies. In China, roughly 20 percent of A-share listed companies on Shanghai and Shenzhen exchanges are zombies. In the developed...
Related topics: China

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Chinese Credit Growth Unexpectedly Crashes In February

Was that it for China's "Shanghai Accord 2.0"? One month after the PBOC injected a gargantuan 4.64 trillion yuan ($685 billion) into the economy - more than the GDP of Saudi Arabia - in the month of January in the country's broadest credit measure,...
Related topics: China, Saudi Arabia

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Tesla Gets $520 Mn Funding For First Chinese Plant

Electric carmaker Tesla has won more than $520 million in loans from Chinese banks to build its first overseas car plant near Shanghai, the first foreign automaker to wholly own a factory in China.
Related topics: Tesla, China

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Ev Startup Nio Abandons Plan To Make Its Own Cars

Chinese EV startup NIO no longer plans to make its own cars, the company announced Tuesday. Plans to build a factory in Shanghai — where Tesla is currently constructing the third Gigafactory — have been scuttled, and NIO will instead continue...
Related topics: Startup, China, Tesla

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China Is Reportedly Blocking The Sale Of Tesla's Model 3 After Customs Officials Found...

China is suspending customs clearances and the sale and use of Tesla's Model 3 car in the country because of improper labeling, the Chinese news agency Caixin reports. Citing Caixin, Reuters said the customs authority in Shanghai had found "various...
Related topics: China, Tesla, Reuters

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51job Needs To Pick Up The Pace

Revenue gains may be decelerating at 51job (NASDAQ: JOBS), but there's still heady growth going on at the Shanghai-based provider of online recruitment services. 51job posted mixed financial results shortly after Thursday's market close. Its...
Related topics: Nasdaq, US Equity Markets, China

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Tesla Said To "secure" $2 Billion In Funding For Shanghai Plant

According to JL Warren Capital - a NY-based analysis firm specializing in Chinese companies - Tesla may finally have "funding secured" for its factory in Shanghai. As reported  by CNBC, the company has lined up about $2 billion in loans from a...
Related topics: Tesla, China, Cnbc

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Hulk Carries Load As Weakened Shanghai Seek Repeat Chinese Title

Shanghai (AFP) – The departure of goal machine Wu Lei puts extra pressure on the broad shoulders of Brazilian striker Hulk as Shanghai SIPG kick off their Chinese Super League title defence on Friday. The champions lost the league’s...
Related topics: China

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Tech We’re Using: Limiting Your Digital Footprints In A Surveillance State

To protect himself and his sources from prying eyes in China, Paul Mozur, a technology reporter in Shanghai, leaves just an “innocent trace” of digital exhaust.
Related topics: China

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Hsbc Probe Into Huawei Led To Arrest Of Global Cfo Meng Wanzhou: Report

A Hong Kong and Shanghai Banking Corporation (HSBC) probe into Huawei helped the U.S. Department of Justice’s (DOJ) case against Huawei’s global CFO Meng Wanzhou.An exclusive Reuters report revealed that the documents, which have not been made...
Related topics: HSBC, Huawei, Hong Kong, China, Reuters

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China's Premier Slams Central Bank For Gargantuan Credit Injection

Last week many traders were dumbfounded when, just as speculation was building that China was preparing to unleash a massive credit expansion a la Shanghai Accord, Beijing confirmed that it had indeed decided to massively reflate its (and the...
Related topics: China, Beijing

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'last Boat Out Of Shanghai': The Chinese Who Fled Mao's Revolution

This year marks the 70th anniversary of the communist revolution in China. NPR's Steve Inskeep talks to Helen Zia, who wrote a book about the Chinese who fled the revolution.
Related topics: China, Anniversaries

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The Battle Of Shanghai: A Preview Of How Deadly World War Ii Would Be

Warfare History Network, Christopher Miskimon Security, Asia In 1937, the Battle of Shanghai foreshadowed the grim urban combat in the Great War that was to come. The 1930s was a decade full of World War II’s antecedents. Fighting broke out at...
Related topics: China

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Powell-pivot Sends Gold To 8-month Highs, Dow Up Sixth Straight Week

What made The Fed stomp on the brakes and slam the monetary trajectory into reverse so fast? Probably nothing!!   China's stock markets were levitated late Thursday, early Friday (after The Fed) back into the green for Shanghai Composite (tech...
Related topics: Gold, Fed, China

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Tesla Still In The Black: More Cars Delivered, Smaller Profit Than Last Quarter

Enlarge / This picture taken on March 17, 2015, shows Tesla Model S vehicles parked outside a car dealership in Shanghai. (credit: JOHANNES EISELE/AFP/Getty Images) On Wednesday, Tesla released its fourth-quarter financial letter for 2018, and...
Related topics: Tesla, China

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Bayern Forward Wagner Makes China Move

Shanghai (AFP) – Bayern Munich forward Sandro Wagner on Wednesday joined Tianjin Teda in the Chinese Super League (CSL) for a reported transfer fee of about five million euros. A growing number of players are leaving Europe for China and...
Related topics: China

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Tokyo Detects Alleged Illegal Oil Transfer Violating Sanctions Against N Korea

TOKYO (Sputnik) – The Japanese Foreign Ministry said in a statement that a suspected ship-to-ship oil transfer took place near Shanghai and involved a North Korean tanker, thus violating the UN sanctions against the country.
Related topics: Japan, Tokyo, North Korea, China

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A Death, Arrests And A Chinese Football Club In Meltdown

Shanghai (AFP) – When Brazilian star Alexandre Pato jetted out of China for his holidays he played for Tianjin Quanjian. Two months and a dozen arrests later, the club as he knew it is gone. In its place is a new incarnation, although whether...
Related topics: China

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Going Cashless In Shanghai

Chinese mobile payment apps have surged in popularity. Could U.S. credit card companies compete?
Related topics: China, Credit Cards

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