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Shanghai
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
Mainland insurers posted a combined loss of 5.7 billion yuan from underwriting EV policies in 2024. Photo: Reuters
Electric & new energy vehicles

China’s EV insurers move towards profitability on higher premiums, AI adoption

Chinese insurers are turning to AI as the technology cuts labour costs and enhances pricing accuracy.

China-South Korea relations

K-pop’s big freeze: are cracks in China’s cultural blockade a thaw?

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Robotics

Opinion | Humans vs robots? China begs to disagree

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Hong Kong economy

New US 10% global tariff will have ‘limited impact’ on Hong Kong: treasury chief

Christopher Hui cites city’s service-dominated economy as buffer and says US move highlights Hong Kong’s safe haven status.

The container terminal at Tsing Yi. Treasury chief Christopher Hui says the new US tariff underscores the importance of predictability in investment. Photo: Dickson Lee
China stock market

From AI to aerospace: China meme rocket shares take off in race with US

Investors scramble for opportunities to maintain market momentum after the AI frenzy shows signs of losing steam.

China trade

Why more foreign medical patients are opting for ‘China speed’

The speed, efficiency and affordability of treatment in China is attracting foreign patients, but some bottlenecks need to be cleared.

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Electric & new energy vehicles

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.

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Workers produce lithium batteries in Qinyang, central China’s Henan province. Photo: Xinhua
Malaysia

Chinese tourists escaping cold flock to Malaysia for Lunar New Year fun

‘Malaysians still follow many of the traditions that we have stopped observing,’ a visitor in Penang says.

China consumption

China targets foreign tourists for Lunar New Year ‘consumption feast’

Beijing sees huge untapped potential in spending by inbound travellers as it strives to drive up demand over the crucial nine-day holiday.

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Artificial intelligence

Moonshot AI targets US$12 billion valuation as revenue surges for Kimi models

The latest round was jointly led by existing investors including Alibaba, Tencent, Andon and 5Y Capital, according to a source.

Moonshot’s flagship Kimi K2.5 was named one of the strongest open models in the world by third-party benchmark firm Artificial Analysis. Photo: Shutterstock Images
China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

China’s furnishing malaise is couched in weaker property demand and a brutal race to the bottom on prices. Photo: Reuters
Retailing

Sam’s Club cracks China market formula even as foreign retailers shut shop

The warehouse retailer opened 10 new stores in 2025, accelerating expansion in smaller cities like Zhangjiagang and Yangzhou.

Japan

Russia emerges as unlikely growth market for Japan tourism as China pulls back

New visa centres in Moscow and St Petersburg reflect a sharp rise in Russian demand as Chinese arrivals fall amid diplomatic tensions.

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Food and Drinks

This TCM bar in China makes customers drinks based on its doctor’s diagnoses

Shanghai bar Niang Qing is one of many new traditional Chinese medicine bars that offer bespoke wellness to China’s stressed-out youth.

A bartender prepares shots at Niang Qing, a “TCM bar” in Shanghai, China. Similar bars based on traditional Chinese medicine have popped up in cities across China, epitomising what the country’s stressed-out, time-poor youth refer to as “punk wellness”, or “wrecking yourself while saving yourself”. Photo: AFP
China's economic recovery

China’s Xi prioritises ‘AI-plus’ and consumer spending to counter economic risks

Previously unreleased comments by Xi urge income growth and tech breakthroughs, potentially setting stage for measures ahead of March’s parliamentary meetings.

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A humanoid robot is pictured, with a big AI logo on the ceiling, at the 2025 Global Industrial Internet Conference in China’s Liaoning province on September 6. Photo: Xinhua
Artificial intelligence

Humanoids go mainstream as China’s robotics champions appear at CCTV spectacle

ByteDance, Unitree, RedNote, Bilibili and Kuaishou among the firms involved in the unparalleled nationwide marketing opportunity.

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China property

Green shoots for China property? Maybe – but the turnaround’s still shaky

Home-price declines eased in January and policy support is building, but analysts warn oversupply continues to cloud the outlook.

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Taiwan

Over 3 million Taiwanese visited mainland China in 2025, Taipei says

Taiwanese media attributes slow post-pandemic recovery to cross-strait tensions, partial travel bans.

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Visitors throng the Temple of Heaven in Beijing. More than a third of Taiwanese visitors to mainland China last year were young people, according to Beijing’s Taiwan Affairs Office. Photo: Xinhua
Artificial intelligence

The AI future is now, and markets are reacting differently in the US and China

Investor jitters grow in the US as AI reshapes expectations, but China’s markets have so far reacted with caution rather than panic.

China property

No floor yet: China home prices keep falling despite policy support

Monthly declines narrowed in January, yet worsening year-on-year prices suggest housing pressures persist.

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Video | Sinkhole appears in Shanghai

The section was closed for repairs and no injuries were reported.

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IPO

Will Chinese AI chip designer Enflame’s Shanghai IPO be another blockbuster?

Tencent-backed Enflame’s listing on the Star Market could follow successful recent flotations from peers Moore Threads, MetaX and Biren.

AI chip designer Enflame on Wednesday entered the inquiry stage of its initial public offering on Shanghai’s Star Market. Photo: Handout
Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

Artificial intelligence

China’s Zhipu AI launches new major model GLM-5 in challenge to its rivals

The GLM-5 represents a shift in AI development from ‘vibe coding’ to ‘agentic engineering’ to generate an enhanced performance.

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South Korea

South Koreans swap ancestral rites for Japan getaways this Lunar New Year

Short holidays and a weak yen drive the ‘aeroplane instead of the ancestral table’ trend.

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Tourists in traditional outfits visit the snow-covered Kanazawa Castle in Japan’s Ishikawa prefecture last month. Photo: AFP
Robotics

Opinion | For clues to China’s next overcapacity cycle, watch the Spring Festival Gala

AI robots taking centre stage at the coming Spring Festival Gala – now a national tech showcase – will signal official endorsement and likely trigger herd investment.

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Humanoid robots from Chinese company Unitree Robotics are seen backstage at the CCTV Spring Festival Gala in Beijing on January 28, 2025. The organisers of this year’s gala have partnered with robotics and embodied intelligence companies, including Unitree, Galbot and MagicLab, for the show. Photo: Xinhua
Hong Kong stock market

Sudden closure of Chinese restaurant chain’s outlets leaves diners in limbo

Operator Shanghai XNG Holdings suspends operations at 10 branches on the mainland, saying the closures are part of a strategic realignment.

China-Japan relations

How Takaichi’s big win in Japan may complicate Beijing’s Taiwan policy

Taiwan’s opposition leader warns against ‘being reduced to a pawn in strategic competition’, urges efforts to prevent conflict in strait.

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